Nestled in the heart of Greenwich Village at the coveted corner of University Place and East 10th Street, 70 University Place presents a rare and compelling mixed-use investment opportunity. The building spans 7,477 square feet across five stories and includes a ground-floor commercial space and nine residential units above. Each residential unit is currently occupied, contributing to a stable in-place income stream with immediate upside potential in both retail repositioning and long-term asset value. The ground-floor retail unit, currently home to Reservoir, features a fully vented kitchen, partial basement, and a rare 2AM liquor license, enhancing its appeal for food-and-beverage tenants. With the lease expiring in 2025 and annual rent escalations in place, the retail component offers clear flexibility for owner-users or investors seeking market-rate re-tenanting in one of downtown’s highest-foot-traffic corridors.

The façade of the building blends seamlessly into the historic charm of Greenwich Village, surrounded by a canopy of trees, classic brick low-rises, and vibrant corner storefronts. The property benefits from strong sightlines up University Place and sits directly between Union Square and Washington Square Park, just blocks from NYU. The pedestrian energy of the surrounding streets translates into dependable demand from both residential renters and commercial patrons alike. With Tax Class 2B protection in place, the building offers long-term tax predictability—a unique feature that limits annual increases in assessed value and provides meaningful operational stability.

Positioned in a location where residential turnover is virtually nonexistent and commercial visibility is unmatched, 70 University Place is further surrounded by major institutions, transit connectivity, and a lifestyle-driven retail landscape. Whether repositioned as a long-term hold or redeployed for a retail end-user, the asset stands as a premier offering in an extremely supply-constrained neighborhood. Investors seeking heritage charm, stable income, and future flexibility will find a rare value proposition here.

Notes:
7,477 Square Feet Total
1,450 Square Foot Ground Floor
Nine residential units