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Garment District Multifamily Home for Sale

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    $5,500,000

    • 6 Beds
    • 6 Baths
    • 3,610 Sq Ft

    520 9th Ave, New York, NY 10018

    Unique opportunity to purchase a fully leased gut renovated prewar building with one office/ retail space on the ground floor and 3 floor through brand new 2 bed/ 2 bath residential units with top-of-the-line appliances and finishes. See income and expense details below. Located in in between the Times Square and Hudson Yards neighborhoods and in close proximity to the A/C/E, 1/2/3 & 7

    Asher Alcobi Peter Ashe

    520 9th Ave, New York, NY 10018

Why Live in Garment District

The Garment District in New York City is a neighborhood steeped in history, particularly known for its century-old ties to the fashion industry. Situated just south of Times Square, it offers a central location that provides quick access to other parts of Manhattan, making it a convenient spot for those who want to be in the heart of the city. The area is characterized by its unique architectural style, with buildings that were originally designed for commercial purposes rather than residential living. This results in loft-like spaces that are reminiscent of those found in other iconic New York neighborhoods such as Soho, Tribeca, and DUMBO. These lofts provide a distinctive spatial experience that appeals to those seeking something different from the typical apartment layout. The Garment District retains its urban edge, with a vibrant energy that reflects its ongoing role in commerce and creativity. The neighborhood's location is ideal for immersing oneself in the diverse experiences and rich traditions that New York City has to offer. While the area is bustling with activity, it also holds a significant place in the city's history, offering residents and visitors alike a chance to connect with the past while enjoying the modern amenities of city life. The Garment District's unique features and central location make it a compelling choice for those looking to experience the dynamic lifestyle of New York City.

Home Trends in Garment District, NY

Housing Trends

Median Sale Price
$670,000
Median Single Family Sale Price
$585,000
Median Townhouse Sale Price
$932,500
Median 2 Bedroom Sale Price
$1,450,000
Median 1 Bedroom Sale Price
$1,042,500
Average Price Per Sq Ft
$1,468
Number of Homes for Sale
53
Last 12 months Home Sales
29
Months of Supply
21.90
Median List Price
$1,150,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-10%
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