A meticulously renovated five-story mixed-use building located in the heart of Greenwich Village, one of Manhattan’s most iconic and enduringly desirable neighborhoods.
Ideally positioned along Sullivan Street between West 3rd Street and Bleecker Street, the Property offers 15 feet of prime frontage with immediate access to a rich array of cultural, culinary, and lifestyle destinations. Just steps from Washington Square Park, SoHo, and the West Village, the Property is situated in a true trophy location characterized by exceptional residential demand, stable occupancy, and sustained rent growth.
The Property encompasses approximately 4,925± gross square feet, configured as four (4) floor-through free-market residential apartments above one (1) ground-floor retail space. The residential units were fully gut-renovated in 2025 to condo-level standards, featuring open kitchens with stainless steel appliances, marble bathrooms with soaking tubs and glass showers, in-unit washer/dryers, hardwood floors, and abundant natural light. Each apartment is fully electric with upgraded systems, including individual hot water heaters, electric baseboard heating, and electric stoves, with tenants responsible for their own utility costs. The unit mix comprises one (1) expansive three-bedroom, two-bath residence and three (3) two-bedroom, two-bath units, each with flexible layouts that allow conversion to three bedrooms.
The retail component is occupied by SoHo Sushi, a long-standing and highly popular neighborhood institution established in 2002 by acclaimed chef Noriyuki “Nori” Sugie. The restaurant’s reputation and longevity underscore the stability of the tenancy and further enhance the Property’s value.
The Property benefits from superior accessibility, located just steps from the West 4th Street – Washington Square (A/B/C/D/E/F/M) subway hub and a short walk to the PATH, offering unmatched connectivity across Manhattan and to New Jersey.
With its historic location, modernized interiors, and proven retail tenancy, 231 Sullivan Street represents a rare opportunity to acquire a stabilized, turn-key investment in one of Manhattan’s most prestigious and supply-constrained neighborhoods.
Investment Highlights
• Meticulously Renovated — Condo-level finishes throughout residential units (2025 renovation).
• Prime Greenwich Village Location — Steps from Washington Square Park, SoHo, and the West Village.
• Strong Retail Tenancy — Occupied by SoHo Sushi, a beloved neighborhood staple since 2002.
• 100% Free Market — All residential units benefit from flexible layouts and strong rental demand.
• Tax Class 2A Protected — Provides long-term property tax stability.
• Exceptional Transit Access — Steps from West 4th Street–Washington Square (A/B/C/D/E/F/M) and PATH.
Active
$7,300,000
231 Sullivan St #B, New York, NY 10012
9beds
4,925sqft
Building
Built in 1900
-- sqft lot
$-- Zestimate®
$1,482/sqft
$-- HOA
What's special
Abundant natural lightElectric baseboard heatingElectric stovesIndividual hot water heatersHardwood floorsPrime frontageFlexible layouts
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