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Property profile & analytics
OFF-MARKET
Specialty properties

55 Bethune St New York, NY 10014

650,000 SF
Property ID
Property summary
AI-generated overview

This exceptional 8,848-square-foot commercial space, located in Suite 250 of the iconic Westbeth Center for the Arts in Hudson Square, offers a unique opportunity. Situated on the second floor, this single-tenant space boasts a large, floor-to-ceiling windowed entrance overlooking the inner courtyard, accessible via a distinctive rampway. Previously used for diverse commercial purposes, including office space and a religious sanctuary, the unit features high ceilings, lengthy walls, and a spacious private closet. Its adaptable layout is ideal for a variety of uses, making it perfect for organizations seeking a creative and inspiring environment. The Westbeth Center, a 650,000-square-foot complex of ten interconnected buildings, is part of Manhattan's highly desirable West Village, known for its high average household income, walkability, and proximity to numerous cultural attractions, including Pier 51, Little Island, and the Whitney Museum. The campus itself is a landmarked complex with charming details like barrel-vaulted ceilings, fostering a vibrant community of artists and cultural organizations. This location provides unparalleled access to the West Village's boutique district and is conveniently located near public transportation, parks, and other commercial hubs. The property offers a unique blend of historical significance, artistic inspiration, and prime West Village location. Elevators are available within the larger complex. The property is located in New York County, within the Hudson Square submarket, and has a cross street of West Street.

Property profile
Verified
Property type Specialty properties
Total area 650,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Joan Roberts Garcia Sculpture
  • Thrash Studio Film Production Television Studio
  • EricoPilates Gym & Fitness Center
  • Ann Hamilton Vintage (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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