Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(For more retail coverage, click GlobeSt.com/RETAIL and to read more on the multifamily market, click here.)

NEW YORK CITY-The Beck Street Portfolio, a six-building collection of retail and residential properties, has been put on the market with an asking price of $101.5 million. Massey Knakal Realty Services has been chosen to exclusively sell the West Village buildings, the owners name was not released.

The portfolio, which can be sold together or individually, includes 367-69 Bleecker St., 382-84 Bleecker St., 387 Bleecker St., 625 Broadway, 82 Christopher St. and 37 Greenwich Ave. The majority of the properties house a combination of both retail and residential components. For example, 382-84 Bleecker St. contains three retail units and 21 residential units in the building’s six stories and 37 Greenwich Ave. has three residential units and two retail units.

“This portfolio offers an investor immediate access to the best located properties in the Village. It would take years for someone to amass a portfolio like this,” says James Nelson, managing partner with Massey Knakal, in a statement. “As the majority of the Village and NoHo are in a historic district, there should never be any large scale development that would compete.”

According to a release on the offering, all six properties have the option of remaining rental facilities which could offer “a significant upside for a long term investor.” Rents in the area are estimated to be about $600 per sf. Three of the buildings currently have under market leases.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.