NEW YORK, Nov. 16, 2024 — /— Greenwich Village, originally a tranquil village outside New York City, became a haven for wealthy New Yorkers seeking respite from the burgeoning metropolis in 1820. At that time, only the southernmost area of Manhattan was developed. Today, it’s a highly coveted Manhattan neighborhood, nestled between Tribeca, Soho, and Chelsea, offering a serene escape in a vibrant commercial hub. With Google, Disney, and Facebook’s headquarters nearby, many executives call the Village home. The soaring demand for rentals and sales stems from the inability to construct new properties in this protected historic district.
422 Hudson Street, a recently listed property built in the late 19th century, has undergone a meticulous restoration, preserving its historical charm, including fully functional wood-burning fireplaces—a rare find in New York City.
State-of-the-art technology complements the building’s rich history, creating a modern living experience across its three full-floor apartments. Features such as building-wide air conditioning, high-speed internet, soundproof windows, and modern kitchens with historical aesthetics make 422 Hudson Street a prime property. Such extensive renovations require approval from New York’s stringent Landmarks Commission, a process that often takes years.
The ground floor houses LeLaBar, a well-regarded wine bar and restaurant that has occupied the space for almost two decades, recognized for its diverse wine selection and relaxed atmosphere, even winning accolades such as “Best Wine Bar in New York City”.
Typically, properties like this remain within families. However, the European owners are selling to fund their next venture, presenting a unique opportunity to acquire a newly renovated historic building. Priced at slightly over $12 million, the property offers a potential 5% net income when fully rented, or owners can occupy the penthouse and generate income from the lower three floors.
“This exceptional property seeks a new owner who appreciates its remarkable value, desires to own a piece of New York City history, and wishes to become its steward for the next chapter,” says Thomas Guss, the listing broker (or +1-212-360-7000 extension 103).
Press Contact:
New York Residence Inc.
+1 212.360.7000
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