Description

Investor Opportunity at The Silk Building - Now showing by private appointment. Currently configured as an income producing acupuncture, Chinese medicine, massage, commercial space with two half bath, this tenant-occupied commercial condo is ideal for those seeking a unique, full-service mixed-use prewar property. It presents an excellent investment opportunity for local, international buyers, or those pursuing a 1031 exchange. With attractive rental income and low monthly carrying charges, this property offers great potential. Located in one of Manhattan’s most coveted neighborhoods, The Silk Building is a rare, landmarked condominium offering long-term value and consistent demand. Built in 1908 and converted in 1987, this full-service property features distinctive loft-style residences, a 24-hour doorman, concierge, landscaped roof deck, and in-building laundry on every floor. Strategically positioned at the crossroads of NoHo, SoHo, Union Square, and the East Village, this property attracts strong rental interest due to its proximity to NYU, The Public Theater, and high-end retail, dining, and fitness destinations. Transportation options are plentiful, with the 6 train at Astor Place and Bleecker Street offering easy access to the B, D, F, and M trains via the Broadway/Lafayette stop. The N and R trains stop at the Eighth Street NYU station, making commuting effortless. Please note, as a commercial unit, this property does not qualify for residential mortgages. Monthly Capital Assessment through December 2025: $662.18 Listing courtesy of Compass ...
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