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Listing Courtesy of Nest Seekers LLC
$ 18,750,000
Est. payment | /mo
7 Beds
8 Baths
8,049 SqFt
$ 18,750,000
Est. payment | /mo
7 Beds
8 Baths
8,049 SqFt
Open House
Thu Apr 23, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,049 sqft
Price per Sqft $2,329
Subdivision Greenwich Village
MLS Listing ID RLS20052568
Style Prewar,Walk-Up
Bedrooms 7
Full Baths 8
HOA Y/N No
Year Built 1835
Annual Tax Amount $108,603
Property Sub-Type Multi Family
Property Description
179 Sullivan Street – Art Haus, West Village Repositioned as Art Haus, this 25-foot-wide Greek Revival townhouse has been transformed into a portfolio of luxury, art filled, exquisitely furnished short-term rentals plus a ground-floor commercial suite- nearly doubling its income from prior use. It is, quite simply, the best investment in the best location. All units are in excellent condition, the property runs almost entirely on its own, and there remains meaningful upside for the next owner. Encompassing more than 8,000 square feet across five levels and a cellar, Art Haus is operated today as a high-performing short-term rental model. Each residence is fully furnished, professionally managed, and income-producing, offering investors immediate entry into a proven strategy that requires minimal oversight and short lead time to convert to condos or single family. The property's scale, design, and efficiency make it a rare find in Greenwich Village, with current returns that outperform its prior positioning and continued potential for growth. Architectural hallmarks- including Flemish-bond brickwork, a brownstone stoop, nine-over-nine parlor windows, and a bracketed Italianate cornice- preserve the grace of its 19th-century origins. At the same time, the building's interiors are tailored to modern living, combining historic character with contemporary functionality. Set on one of the Village's most intimate, tree-lined blocks and neighboring the MacDougal–Sullivan Gardens Historic District, the townhouse offers both privacy and proximity to Downtown's most celebrated cultural and culinary icons. For those envisioning a private residence, 179 Sullivan also offers an extraordinary single-family conversion opportunity. With its rare 25-foot width, soaring ceilings, and five full stories above a cellar, the building can be reimagined as a seven-level sanctuary of quiet luxury- complete with expansive entertaining rooms, multiple bedroom suites, a private garden, and a roof terrace. The result would be a distinguished West Village home of exceptional volume and presence, blending architectural pedigree with modern refinement. Whether held as a high-income short-term rental portfolio or created anew as a grand private home, Art Haus at 179 Sullivan Street is where heritage, hospitality, and opportunity converge.
Location
State NY
County New York
Interior
Equipment Intercom
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Building Roof Deck, Private Outdoor Space Under 60 Sqft
Porch Patio, Terrace
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
Story 5
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 0525-0005
Ownership None
Monthly Total Fees $9, 050
Pets Allowed Building Yes, Yes
RLS Data display by RxP Team at Real Broker
NEARBY SCHOOL & BUSINESS
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