About this property
Investment Property Realty Group IPRG has been exclusively retained to sell, One Seventh at 67-71 Carmine
Street (Block: 582, Lot: 43), a Mixed-Use elevator building located on a premier corner parcel in the
desirable Greenwich Village submarket of Lower Manhattan. The 9,369 SF green building consists
of 4 private residences over retail with approximately 138’ of wraparound frontage on Carmine Street
and 7th Avenue South. The building was constructed in 2007, is zoned C2-6 and is in the protected
2B tax class. The 421a phased out a few years ago.
The retail is currently occupied by Judy Z’s Sports Tavern & Kitchen with 6 years remaining on the
lease term and 3% annual escalations.
Each residential unit is a full floor with condo finishes, keyed elevator access, ample outdoor space
and floor to ceiling 10’ double paned windowed “Solarban” glass. The 2nd, 3rd and 4th floor consist
of floor through, 2-bedroom apartments, while the 5th and 6th floor encompass the 3 Bedroom, 3.5
Bathroom Duplex Penthouse.
The residences at One Seventh feature Poliform Varenna kitchens from Italy, Miele and Subzero appliances, Bega recessed ambient lighting, dramatic master baths with Western windows, Axor Citterio
fixtures, dark stained walnut vanity complemented by white Thasos marble tops, Mantra lotus tile walls
and black slate floors. Additionally, the units offer stainless steel countertops/backsplash, gorgeous
walnut floors, Mitsubishi multi-zone central heating & A/C, Bosch washer/dryer, and video security.
Each tenant has storage units in the basement. These amenities have allowed the property to experience very low vacancy and command robust rents.
Located on the nexus of West Village, Greenwich Village and Soho, One Seventh is surrounded by
renowned landmarks, gourmet restaurants, historic bars and cafes and luxury retail stores. The building is in close proximity to the A,C,E,B,D,F,M, and 1 Subway Lines providing easy access throughout
One Seventh offers prospective investors the exceptionally rare and lucrative opportunity to purchase
a turnkey, cash flowing trophy asset with 138’ of wrap
Listing courtesy of Derek Bestreich