Mixed-Use Townhome with
60 Greenwich Avenue Manhattan, NY 10011
60 Greenwich Avenue, Manhattan, NY, 10011
$9,900,000
For Sale
$9,900,000
Three free-market apartments sit above a ground-floor restaurant, with additional lower-level space.
Property Size3,900 SF
Price / SF$2,538
Days on Market14
Property Features for 60 Greenwich Avenue
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
Douglas Elliman Real Estate
(646) 488-6591
Listed by
Chikako Fissel · License #10401251278
(646) 488-6591
Source
Compass
Added: Jul 8 Updated: Jul 21 at 4:36AM Checked: Jul 21 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This multi-family townhome offers three free-market residential apartments above a ground-floor restaurant space, plus additional lower-level space. The residential component includes studio, one-bedroom, and two-bedroom layouts. Interior finishes include cherry hardwood flooring, custom kitchen cabinetry, stainless steel appliances, and premium bathroom fixtures.
The property is positioned in the heart of the West Village along a retail corridor between Perry Street and West 11th Street. The offering is described as enjoying strong access to nearby employment and retail destinations, with connectivity to SoHo, Union Square, Chelsea, and New York University.
The property is positioned in the heart of the West Village along a retail corridor between Perry Street and West 11th Street. The offering is described as enjoying strong access to nearby employment and retail destinations, with connectivity to SoHo, Union Square, Chelsea, and New York University.
Key Highlights
- Mixed‑use building with 3 free‑market residential apartments above a ground‑floor restaurant space
- Approx. 3,900 SF plus lower‑level space with residential units in studio, 1‑bedroom, and 2‑bedroom layouts
- Interior finishes include cherry hardwood flooring, custom kitchen cabinetry, and stainless steel appliances
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.03M | $264.00 |
| − Vacancy | −$123.6k | −$31.68 |
| EGI | $906.0k | $232.32 |
| − OpEx | −$226.5k | −$58.08 |
| NOI | $679.5k | $174.24 |
3,900 SF · lease $264.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$9.71M
$8.49M – $11.33M
NOI $679,536 @ 7.0% cap · market cap 6.86%
Second Best
Multifamily LT 5
$1.89M
$1.65M – $2.20M
NOI $131,990 @ 7.0% cap · market cap 1.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Top Lots Inc.
Construction Company
Peter Wingate
Hotel & Motel
Semma
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three free-market apartments sit above a ground-floor restaurant, with additional lower-level space.
Where is this triplex located?
The property is located at 60 Greenwich Avenue Manhattan, NY.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Mixed‑use building with 3 free‑market residential apartments above a ground‑floor restaurant space; Approx. 3,900 SF plus lower‑level space with residential units in studio, 1‑bedroom, and 2‑bedroom layouts; Interior finishes include cherry hardwood flooring, custom kitchen cabinetry, and stainless steel appliances
