391 West Street

Showings require a minimum of 24 hours notice. This Five-story, 28-foot-wide Mixed-Use building on the Hudson in the desirable West Village provides endless possibilities. For the investor, it has a retail space with a basement and three "free market" sun-filled apartments, all with eastern and western exposures showcasing amazing Hudson River views. The 2nd and 3rd floors are 1 bedroom/1 bath floor-thru apartments, and the penthouse is a 1 bedroom/1.5 bath duplex with a massive full floor living room, office space, eat-in kitchen, and separate dining room. The retail space and all three apartments are currently rented on a month-to-month basis at below market rents. Gross projected market rental income is approximately $240,000 less current expenses $36,510, providing an approximate net income of $203,490 or a cap rate of 4.2%. This building could also be suitable for a resident owner with income producing apartments, an owner occupied live-work situation or can even be converted to an incredible single-family home. Built in 1910, the building is in very good condition, meticulously maintained, with updated and renovated finishes. Along the Hudson, it is right near Hudson River Park.