54 Seventh Avenue South
54 Seventh Avenue South | New York, NY 10014
In 1917, Seventh Avenue was extended South to connect Greenwich Village to lower Manhattan, and to create a widened avenue for the construction of the West Side Inter Rapid Transit Line (IRT). The diagonal extension stretching South from Greenwich Avenue resulted in a vast number of triangular shaped lots that decorate the avenue to this day.
54 Seventh Avenue South is one of the only remaining buildings that survived, and pre-dates this massive infrastructure project.
For sale for the first time in nearly three decades, this 3-unit free-market loft building is a rare, and almost fully detached mixed-use property with unbelievable light on 3 sides of the structure, and a 2 car private parking lot.
Setback nearly 20 feet off of the Avenue, the building is situated mid-block on a triangular lot that is located between Bedford, Commerce and Morton Streets. This incredibly private home stretches over 72 feet in length across Seventh Avenue, and has a total of 50 windows.
The new owners have the remarkable opportunity to create a truly one-of-a-kind single-family home with 2 car private parking, and 4 outdoor spaces, or maintain a high income-producing investment property.
With extremely low taxes of just $1,554 a month, this 4-story loft building also offers a traditional front yard, a charming garden, a sprawling rooftop terrace as well as a rear yard. Measuring over 54 feet in height, the residence rises well above the historic Italianate Pure Oil Fueling Station (built 1920), as well as other neighboring townhousesresulting in sweeping views of Manhattan's Lower West Side.
Measuring a total of 7,270 interior square feet and 3,535 exterior square feet, the building currently consists of 2 distinct residential units, 1 commercial unit and 4 outdoor spaces. The residential units are free-market and will be delivered vacant. ... more on SOTHEBYSHOMES.COM/OLRS0076406