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16
Floor Plans
Map
$12,500,000
●
Townhouse -
For Sale
180 2nd Avenue
Manhattan, NY 10003
9 Beds
13 Baths,
2
Half Baths
10500 Sqft
$70,886
Estimated Monthly
$0
HOA / Fees
0.38%
Cap Rate
About This Property
Loft Building with Elevator on Prime East Village Block
Presenting 180 Second Avenue, a newly constructed 7 story loft building located on a prime East Village block, between East 11th and East 12th Streets. Built on the footprint of a former Polish-American social club, this 25 foot wide elevatored building makes a striking modernist statement, with its mid-century inspired concrete frame and open loggias floating above a historic stretch of Second Avenue. The building's design reflects a commitment to sustainability, and each of the residences is constructed to conform to Passive House standards, while the bulkhead is designed to accept solar panels for water heating. Environmentally friendly features include European triple-pane windows, energy-saving airtight interiors built to prevent mold and condensation, advanced air filtration and high-performance ventilation with individual ducts for each residence.
The entire 10,500 +/- sf (approx.) building is being delivered as a "white box", with all major structural, electrical, plumbing, hvac and mechanical elements in place, including a new high speed elevator with virtual doorman. The finishes, including all appliances, fixtures and flooring are being left for the buyer to complete according to their requirements.
180 Second Avenue presents a compelling opportunity with three potential end uses:
-All or part of the residential portion of the building could be owner-occupied, with the remainder rented for income;
-As an attractive income-generating asset, by renting out the entire building;
-As a development project, by filing for conversion to a mixed use condominium with commercial on the ground floor and 6 residential units above (subject to the necessary approvals).
As currently configured, the building consists of a ground floor commercial space (under lease to an established restaurant/bar operator, expected to take possession in 2024), four vacant full floor 2 bedroom/2 bath apartments, one full floor 1 bedroom/2 bath apartment and a loft-like studio space with full bath on the top floor. Each of the residences boasts at least one private outdoor space, affording stunning views of the city or of the tree-filled courtyard in back. A generous garden adjoining the commercial space and a spacious roof terrace with open city views all the way to the art deco towers of Union Square and the Chrysler building complete this offering.
A description of each of the floors follows:
Ground Floor Plus Cellar
Currently under lease to an established local restaurant/bar operator with possession expected to occur in 2024. The lease term is approximately 9 years. The ground floor includes access to a 25' by 34' private walled garden. The cellar below this floor is dedicated to prep areas, storage, 2 powder rooms and mechanicals.
Floors 2-5
Each of these identically configured floors consists of a full floor loft with two bedrooms and two full bathrooms, as well as a spacious open loggia and glass-enclosed solarium with views to the West, North and South.
Floor 6
This floor consists of a full floor 1 bedroom/2 bathroom apartment with terraces on both the West and East sides.
Floor 7
This floor consists of a loft-like space with a full bathroom and kitchenette; it could be used in combination with the floor below as a home office, creative space or as an additional residence.
Roof
The roof consists of a generous paver-lined terrace with extraordinary views in all directions. The roof also contains a bulkhead for the elevator, stairwell and mechanicals; the bulkhead is designed to accept solar panels for water heating purposes.
Presenting 180 Second Avenue, a newly constructed 7 story loft building located on a prime East Village block, between East 11th and East 12th Streets. Built on the footprint of a former Polish-American social club, this 25 foot wide elevatored building makes a striking modernist statement, with its mid-century inspired concrete frame and open loggias floating above a historic stretch of Second Avenue. The building's design reflects a commitment to sustainability, and each of the residences is constructed to conform to Passive House standards, while the bulkhead is designed to accept solar panels for water heating. Environmentally friendly features include European triple-pane windows, energy-saving airtight interiors built to prevent mold and condensation, advanced air filtration and high-performance ventilation with individual ducts for each residence.
The entire 10,500 +/- sf (approx.) building is being delivered as a "white box", with all major structural, electrical, plumbing, hvac and mechanical elements in place, including a new high speed elevator with virtual doorman. The finishes, including all appliances, fixtures and flooring are being left for the buyer to complete according to their requirements.
180 Second Avenue presents a compelling opportunity with three potential end uses:
-All or part of the residential portion of the building could be owner-occupied, with the remainder rented for income;
-As an attractive income-generating asset, by renting out the entire building;
-As a development project, by filing for conversion to a mixed use condominium with commercial on the ground floor and 6 residential units above (subject to the necessary approvals).
As currently configured, the building consists of a ground floor commercial space (under lease to an established restaurant/bar operator, expected to take possession in 2024), four vacant full floor 2 bedroom/2 bath apartments, one full floor 1 bedroom/2 bath apartment and a loft-like studio space with full bath on the top floor. Each of the residences boasts at least one private outdoor space, affording stunning views of the city or of the tree-filled courtyard in back. A generous garden adjoining the commercial space and a spacious roof terrace with open city views all the way to the art deco towers of Union Square and the Chrysler building complete this offering.
A description of each of the floors follows:
Ground Floor Plus Cellar
Currently under lease to an established local restaurant/bar operator with possession expected to occur in 2024. The lease term is approximately 9 years. The ground floor includes access to a 25' by 34' private walled garden. The cellar below this floor is dedicated to prep areas, storage, 2 powder rooms and mechanicals.
Floors 2-5
Each of these identically configured floors consists of a full floor loft with two bedrooms and two full bathrooms, as well as a spacious open loggia and glass-enclosed solarium with views to the West, North and South.
Floor 6
This floor consists of a full floor 1 bedroom/2 bathroom apartment with terraces on both the West and East sides.
Floor 7
This floor consists of a loft-like space with a full bathroom and kitchenette; it could be used in combination with the floor below as a home office, creative space or as an additional residence.
Roof
The roof consists of a generous paver-lined terrace with extraordinary views in all directions. The roof also contains a bulkhead for the elevator, stairwell and mechanicals; the bulkhead is designed to accept solar panels for water heating purposes.
Unit Size
10,500Ft²
Days on Market
135 days
Land Size
0.06 acres
Price per sqft
$1,190
Property Type
Townhouse
Property Taxes
$9,508
HOA Dues
-
Year Built
1910
Listed By
Last updated: 4 days ago (RLS #PRCH-7711421)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 15, 2023 | Listed by Sothebys International Realty | $12,500,000 | |
Listed by Sothebys International Realty | |||
Jun 25, 2014 | Sold to 180 Second Llc | $6,750,000 | |
Sold to 180 Second Llc |
Property Highlights
Elevator
Air Conditioning
With View
Interior Details
Bedroom Information
Bedrooms: 9
Bathroom Information
Full Bathrooms: 11
Half Bathrooms: 2
Interior Information
Interior Features: Elevator
Appliances: Dishwasher
Living Area: 10500
Room Information
Laundry Features: Building Other, Other
Rooms: 16
Exterior Details
Property Information
Year Built: 1910
Building Information
Outdoor Living Structures: Building Terrace, Terrace, Balcony
Pets Allowed: Building Yes, Yes
Lot Information
Garden
Lot Size Dimensions: 25.83 x 100.0
Land Information
Tax Lot: 0004
Tax Block: 00453
Financial Details
Tax Annual Amount: $114,096
Utilities Details
Cooling Type: Central Air
Location Details
Subdivision Name: East Village
Stories Total: 7
View: Skyline
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
8
Beds
7
Baths
9,890 ft²
$1,264/ft²
$12,500,000
Nov 2, 2022
$12,500,000
May 23, 2023
-
Townhouse
6
Beds
5
Baths
5,788 ft²
$863/ft²
$4,995,000
Apr 1, 2020
$4,995,000
Jan 31, 2014
-
Multifamily
8
Beds
11
Baths
-
$12,500,000
Apr 19, 2019
$12,500,000
Oct 17, 2019
-
House
Stu
-
5,598 ft²
$2,680/ft²
$15,000,000
May 8, 2021
$15,000,000
Aug 18, 2021
-
Condo
3
Beds
4
Baths
4,550 ft²
$2,857/ft²
$13,000,000
Sep 19, 2019
$13,000,000
Mar 15, 2022
$12,309/mo
Condo
4
Beds
6
Baths
4,743 ft²
$3,152/ft²
$14,950,000
Apr 13, 2017
$14,950,000
Jul 21, 2017
$11,435/mo
Active
House
8
Beds
10
Baths
8,524 ft²
$1,736/ft²
$14,800,000
Mar 1, 2023
-
$3,834/mo
In Contract
Townhouse
4
Beds
6
Baths
7,500 ft²
$1,667/ft²
$12,500,000
Mar 22, 2023
-
$1,910/mo
Active
Townhouse
6
Beds
6
Baths
6,798 ft²
$2,052/ft²
$13,950,000
Mar 11, 2023
-
$6,738/mo
Active
Townhouse
7
Beds
8
Baths
7,038 ft²
$2,131/ft²
$15,000,000
Jan 18, 2024
-
$7,898/mo
Active
Townhouse
7
Beds
7
Baths
5,670 ft²
$2,160/ft²
$12,250,000
Oct 31, 2023
-
$6,738/mo
Active
Multifamily
6
Beds
6
Baths
5,700 ft²
$2,272/ft²
$12,950,000
Jun 21, 2021
-
$5,460/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
About Downtown Manhattan
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