179 Sullivan St New York, NY 10012
Property type: Multifamily
Area (Sq Ft)
Land Size: 2613 Sq Ft
Year Built: 1865
Number of Units: 6
Building Class: C
Occupancy Rate: 100%
Number of Stories: 5
Effective Gross Income: $575000
Operating Expenses: $33,000
Total Expenses: $101,000
Net Operating Income: $474,500
This building is the famous Jay Gould Mansion. It was built in 1865 as a single-family residence and has over the years hosted many notables such as Mayor Fiorella LaGuardia, actor James Gondolfini, Hollywood stars and playwrights, internationally acclaimed artists and world class financiers. Strategically located 50 feet north of Houston on Sullivan St, and 3 blocks from Union Square, the location is unbeatable for transportation (9 subway lines), commerce, dining and entertainment.
Comprised of 5 over-sized, free-market residential units (1250-1650 sq feet full floors) with lofty ceiling heights (9 – 14 feet), 2 large terraces, and a 2150 sq ft. commercial space. This unique property is ripe for enhanced rent, conversion (condo) or single family. All units have been renovated: hardwood floors, tile floors, limestone floors, brick walls, original molding, fireplaces (non-working), stainless steel appliances (Miele, Bosch, Dacor, etc), with soaking tubs, glassed in showers with multi-heads, washer/dryers, oversized windows, minisplit heat/ac. Contact us for buyer-agency representation.
Rowen Giles is a New York Licensed Real Estate Salesperson and represents owners of single and multi-family residential homes, as well as apartment buildings and mixed-used commercial properties anywhere in the State of New York. When it comes to the complexities of selling real estate, no one is more qualified than Rowen. Prior to real estate, Rowen was a computer systems engineer and technology manager for 18 years working for small and large fortune 500 companies, including stints at Microsoft Corporation and the Federal Reserve Bank of New York. Rowen’s career in technology saw many challenges such as sizing large technical infrastructure, solving complex technology problems, and deploying sophisticated software solutions. Rowen met each challenge with success as a result of careful planning, organizing, directing and managing. Rowen is a results-driven and highly organized professional with strong attention to details. Once a property is on the market, Rowen applies advanced techniques to connect clients to thousands of buyers, investors, mortgage brokers, and real…
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