81

Livability Score

44 Carmine Street

Lower Manhattan
FOR SALE
EST. $25945 / MO
$6,950,000
DETAILS
0 bedrooms Unknown sq ft
0 bathrooms Zip: 10014
Purchase MLS: 16872894

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a four-story, mixed-use, walk-up building located on the south side of Carmine Street between Bedford and Bleecker Streets. The building has been owned and operated by current ownership for 20 years. It consists of a retail space on the ground floor and cellar with four residential units. The 530 SF retail unit, renovated in 2015, is leased to Heirloom Woods, a purveyor of high end wood, through October 2025. The tenant pays $85,200/Year ($161/SF) and reimburses for 25% of the real estate taxes over base year 2016/2017. All of the residential units are FM one of which is currently owner-occupied. There is a Studio unit on the ground floor and three floor-through 1-bedroom units above all of which have exclusive access to outdoor space. The Studio was gut renovated in 2015 and features large windows overlooking a private garden, oak floors, stainless steel appliances, and ample storage. The 2nd-4th floor units were gut renovated in 2008 and feature washer and dryers and stone countertops. Along with a balcony the 4th floor unit has a 16' cathedral ceiling, gas fireplace, and a loft space currently being used as a 2nd bedroom. The property is located on the same block as highly-trafficked neighborhood spots such as Sweetgreen, The Grey Dog, Market Table, Jack's Wife Freda, Joe's Pizza, and Dos Toros. It is also steps from 35 Downing Street, where Emmy Squared, a Brooklyn hot spot, will open their first Manhattan location and further solidify the South Village as a top food destination. Additionally, it is two blocks south of the West 4th Street Subway stop serving the A, C, E, B, D, F, and M trains and equidistant from the Houston Street 1 train stop. This is a great opportunity to acquire an investment property with strong in-place cash flow and future upside in the retail and residential rents as well as a rare user deal in the heart of the Village.

Additional listing info available.

Estimate mortgage
20%
$25945/MO

3.812% Interest

30 YR Fixed

This property has mostly high ratings.

Excellent

90

One of the safest areas in town.

You'd be hard pressed to find a safer place than 44 Carmine Street unless it was a police station

Dubious

63

You'll look forward to street cleaning day

And trash day at 44 Carmine Street . And recycling day. And compost day. And junk pick up day...

Second Hand

74

A no-frills, sturdy build

44 Carmine Street might not have the highest finishes, but it is a well-built home

Dirt Cheap

99

It's like Publisher's Clearing House just rang your doorbell.

Living at 44 Carmine Street will literally make you feel like you've won the grand prize - every day

Safety

90

One of the safest areas in town.


You'd be hard pressed to find a safer place than 44 Carmine Street unless it was a police station

Violent
Violent
Low risk of violent crimes in this area
Non violent
Non Violent
A really safe place to live
Security
Security
No security related issues to note

Environment

63

You'll look forward to street cleaning day


And trash day at 44 Carmine Street . And recycling day. And compost day. And junk pick up day...

Health
Health
No indication of major environmental health hazards present
Outdoor
Outdoor
Going outside won't be that enjoyable
Utilities
Utilities
Better inspect the utilities before you move in
Pest control
Pest Control
No indication of significant pest problems

Quality

74

A no-frills, sturdy build


44 Carmine Street might not have the highest finishes, but it is a well-built home

Noise
Noise
Very noisy conditions may be an issue here
Physical condition
Physical Condition
By our records, no significant maintenance issues
Nuisance
Nuisance
Some nuisance issues may be present
Building management
Building Management
No history of conflict between residents and management

Expenses

99

It's like Publisher's Clearing House just rang your doorbell.


Living at 44 Carmine Street will literally make you feel like you've won the grand prize - every day

Utility expenses
Utility Expenses
Low utility expenses
Other expenses
Other Expenses
Court cases
Court Cases
No significant court cases reported
Other info
Other Info
Investigate this section further to learn about other potential issues

All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

The information provided is for personal, non-commercial use and may not be used for any other purpose.