65 Carmine Street

Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 65 Carmine Street, New York, NY 10014. Nestled in the heart of Manhattan’s coveted Greenwich Village, the property is a charming pre-war walk-up building that offers classic New York City living. Built in 1910, this five-story 8,350± SF rental building comprises 14 apartments and 1 commercial unit, blending historic character with contemporary updates. Zoned C2-6, the property is built on an irregular 1,670± SF block-through lot. It has 25’ of frontage on Carmine Street and 35’ on 7th Avenue South in the rear. It is footsteps away from the Houston Street [1] subway station.

The tenancy is evenly split between 7 free market units and 7 rent stabilized units, with 10 1-BR layouts and 4 studios. The long-tern retail tenant is a popular, well-established pizza/Italian restaurant there since 2008 and the property also receives additional income from a roof antenna. There is near-term value-add potential in the FM units, for which rents are 30%+ below market.

The Greenwich Village neighborhood surrounding 65 Carmine Street is renowned for its vibrant atmosphere, offering a plethora of dining, shopping, and entertainment options. Residents enjoy
easy access to public transportation, with multiple subway lines and bus routes nearby, ensuring seamless connectivity to the rest of the city.