180 2nd Avenue

East Village

$12,500,000
Price
9
Beds
11
Baths
2
1/2 Baths
10,500 Sq. Ft.
$1,190 / Sq. Ft.
10,500
Sq. Ft.
$1,190
per Sq. Ft.

Description

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
...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.

Property Details for 180 2nd Avenue

View
City, Skyline
Architectural Style
Prewar
LISTING UPDATED: 10/31/2024 03:44 PM

Property Details for 180 2nd Avenue

StatusActive
MLS IDPRCH-7711421
Days on Market301
Taxes$9,508 / month
Maintenance-
Min. Down Pymt-
Total Rooms16.0
Compass TypeMulti Family
MLS TypeHouse/Building
Year Built1910
Lot Size2,583 SF / 25' x 100'
CountyNew York County

Building

180 2nd Ave

5 Units5 StoriesBuilt in 1910

Virtual Tour

Building Information for 180 2nd Avenue

Stories5Residences5Year Built1910Building Size26' x 62'Building Sq. Ft8,060 SFLot Size2,583 SF / 25' x 100'Building Age-Building TypeTownhouse

Property Information for 180 2nd Avenue

Summary
Location and General Information
  • Subdivision Name: East Village
  • Stories Total: 7
  • Exposures: East, West, North, South
  • Garage Spaces: 0.0
Taxes and HOA
  • Tax Lot: 0004
  • Tax Block: 00453
  • Association Fee Frequency: Monthly
  • Building Tax Lot: 0004
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Virtual Tour
Property
Lot Information
  • Living Area: 10500.0
  • Building Area Total: 0.0
  • Building Area Units: SquareFeet
  • Lot Features: Garden
  • Lot Size Dimensions: 25.83 x 100.0
  • Living Area Units: SquareFeet
Building Information
  • Building Exterior Features: Balcony, Garden
  • Building Laundry Features: Other
  • Building Patio And Porch Features: Terrace
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: Yes
  • Structure Type: Townhouse, MultiFamily
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Garden
  • Patio And Porch Features: Terrace
  • Spa: No
Interior Features
  • Cooling: CentralAir
  • Appliances: Dishwasher
  • Fireplace: No
  • Furnished: Unfurnished
  • Interior Features: Elevator
  • Cooling: Yes
  • Laundry Features: Other
  • ElevatorsTotal: 1
  • Size Dimensions: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: None
  • Owner Pays: None

Property History for 180 2nd Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 180 2nd Avenue

Taxable ValueLand$225,000Additions$647,550Total$872,550
Tax Record2021$107,036 ($8,920 / month) Tax Class2BTax Rate12.267%
Home Facts
Total Finished SqFt11,587 SqFtLot Size2,583 SqFtYear Built1910ZoningR7AAPN1004530004

Schools near 180 2nd Avenue

This home is within New York City Geographic District # 1.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Neighborhood School
PublicPK to 5

S.T.A.R. Academy - PS 63
PublicPK to 5

The East Village Community School
PublicPK to 5

P.S. 19 Asher Levy
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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180 2nd Avenue is a multi-family home for sale in East Village. This property was listed for sale on January 22, 2024 by Sothebys International Realty, it's currently listed at $12,500,000. This listing's school district is New York City Geographic District # 1. Nearby schools include Neighborhood School, S.T.A.R. Academy - PS 63 and The East Village Community School. 180 2nd Avenue is a 9-bed, 12-bath, 10,500 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sothebys International Realty

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