New York, NY 10014
- Sq. Ft: 2,817
- Commercial Units: 1
- Cap Rate: 4.01%
John J. Stewart & Associates of Marcus & Millichap is the exclusive sales broker for 97-99 Seventh Avenue South, a one-story single-tenant commercial building on Seventh Avenue South between Barrow and Grove Streets in the West Village.
The subject property is built full on a 59.67 foot by 83.83-foot irregular C4-5-zoned lot. The property has approximately 6,873 square feet of remaining developable rights and is part of the Greenwich Village Historic District.
The subject property sole commercial tenant is Boucherie, a French restaurant, whose lease extends to August 2026. The current tenant invested approximately $1,500,000 upgrades including new electrical and plumbing systems prior to opening for business.
The building sits at a strategic intersection at the epicenter of the West Village. It is twenty yards from the Christopher Street subway station, two blocks from the West Fourth Street station, across from Christopher Street and one block from Bleecker Street. The surrounding neighborhood is one of the most desirable in Manhattan for professionals, high-net worth individuals, restaurants, bars and retailers.