Marcus & Millichap is the exclusive sales broker for 304 Bleecker Street (the “Property”), a mixed-use walk-up building on Bleecker Street between Grove Street and Seventh Avenue South in the West Village. The Property has twenty feet of frontage on Bleecker Street and is fully built on a 20-foot by 80-foot C2-6/C1-6-zoned lot. The Property has approximately 1,700 square feet of unused development rights and is part of the Greenwich Village Historic District.

The Property’s unit mix is comprised of a 1,550 square foot ground floor commercial space with a similarly sized finished cellar occupied until 2032 by Joe & the Juice, a global coffeeshop chain with over 350+ locations worldwide. The upper floors house four free-market apartments made up of one two-bedroom two-bath unit with outdoor space and a washer/dryer on the second floor; a one-bedroom and a studio on the third floor; and a two-bedroom two-bath with washer/dryer on the fourth floor.

The Property offers an investor the exceptional opportunity to own an institutionally managed building on a high-end downtown retail corridor in the West Village, one of the most desirable neighborhoods in New York City. Moreover, the Property’s apartments are not subject to rent regulation and have been recently renovated allowing ownership to maximize rent per square foot. Finally, due to its being in the West Village Historic District which protects the neighborhood from new development, the Property will have little long-term competition from newly built rental apartments and commercial space in the future keeping supply very tight and rents elevated.

Located in one of New York City’s most historic and architecturally charming neighborhoods, the Property is surrounded by fashionable apparel boutiques, critically acclaimed restaurants and popular nightlife that attract a high volume of locals and tourists to the immediate area as well as national tenants such as Chase, Starbucks, Bank of America and CVS. It is also a short distance from Washington Square Park and New York University with over 50,000 undergraduate and graduate students and 10,000 employees. The Property is one block from the West Village’s only subway station at Christopher Street (1 line); it is two blocks west of the major West 4th Street subway hub (A, B, C, D, E, F, M lines) and two blocks east of the Christopher Street PATH train station. The proximity of transportation supplies a constant stream of locals and tourists to the Property’s vicinity.