The New York capital markets group for Avison Younghas been named exclusive agent for the sale of a ground-floor commercial/retail condominium located in the base of 165 Charles Street, an iconic16-story residential building in the West Village neighborhood of Manhattan. Avison Young will market the property on behalf of the condominium unit’s owner 410 West LLC.
An Avison Young team comprisingPrincipals Neil Helman, Charles Kingsley, Vincent Carrega andJon Epstein,will market the 1,658-square-foot unit,offering prospective commercial or retail businesses the opportunity to acquire a unique space ina premier West Village building.In addition, the new owner will have access and use of a plaza surrounding the unit on three sides, making it an ideal space for outdoor seating or for use as an art gallery sculpture garden.
Designed by renowned architect Richard Meier, the 165 Charles Street residential building was built in 2005 and is widely considered a downtown New York architectural masterpiece. The property is known for its distinctive high-end, amenity-richapartments overlooking Hudson River Park as well assweeping vista views of the Hudson River and Lower Manhattan. The property was also the recipient of the New York Chapter of the American Institute of Architects 2005 Housing Design Award.
“The architectural appealof thisbuilding and the significant daily foot traffic passing through the area and neighboring Hudson River Park creates a rare and exceptional ownershipopportunity for any number of businesses and retailers,” said Helman. “The open and well-designed ground-floor unit is ideal for a multitude of uses, including office, art gallery, lounge/wine bar, coffee bar, physical therapy facility,and many others. Further, when you add in its West Village setting, the space becomes a truly special opportunity.”
The Avison Young team also notes that although the space is being offered for sale as leased, full possession of the property can also be arranged for a potential owner occupant.
The 165 Charles Street property offers immediate access to the West Side Highway as well as both the PATH train at Christopher and Hudson streets, and the MTA 1 subway line along Seventh Avenue South. In addition, the property is located near the Whitney Museum of American Art, the Chelsea Market and the entrance to the High Line,as well as the numerous nearby restaurants and retailers in the West Village.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 82 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
