facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal

Art Haus MultiFamily Property at 179 Sullivan Street

Art Haus MultiFamily Property at 179 Sullivan Street
FOR SALE
View more

$18,750,000

179 Sullivan Street, New York, NY 10012

8,100 SF

Square Feet

$2,315

PPSF

Property Description

179 Sullivan Street – Art Haus, West Village

Repositioned as Art Haus, this 25-foot-wide Greek Revival townhouse has been transformed into a portfolio of luxury, art filled, exquisitely furnished short-term rentals plus a ground-floor commercial suite- nearly doubling its income from prior use. It is, quite simply, the best investment in the best location. All units are in excellent condition, the property runs almost entirely on its own, and there remains meaningful upside for the next owner.

Encompassing more than 8,000 square feet across five levels and a cellar, Art Haus is operated today as a high-performing short-term rental model. Each residence is fully furnished, professionally managed, and income-producing, offering investors immediate entry into a proven strategy that requires minimal oversight and short lead time to convert to condos or single family. The property’s scale, design, and efficiency make it a rare find in Greenwich Village, with current returns that outperform its prior positioning and continued potential for growth.

Architectural hallmarks- including Flemish-bond brickwork, a brownstone stoop, nine-over-nine parlor windows, and a bracketed Italianate cornice- preserve the grace of its 19th-century origins. At the same time, the building’s interiors are tailored to modern living, combining historic character with contemporary functionality. Set on one of the Village’s most intimate, tree-lined blocks and neighboring the MacDougal–Sullivan Gardens Historic District, the townhouse offers both privacy and proximity to Downtown’s most celebrated cultural and culinary icons.

For those envisioning a private residence, 179 Sullivan also offers an extraordinary single-family conversion opportunity. With its rare 25-foot width, soaring ceilings, and five full stories above a cellar, the building can be reimagined as a seven-level sanctuary of quiet luxury- complete with expansive entertaining rooms, multiple bedroom suites, a private garden, and a roof terrace. The result would be a distinguished West Village home of exceptional volume and presence, blending architectural pedigree with modern refinement.

Whether held as a high-income short-term rental portfolio or created anew as a grand private home, Art Haus at 179 Sullivan Street is where heritage, hospitality, and opportunity converge.


Property Details

Asset Type

MultiFamily

Year Built

1879

Zoning

R7-2

Lot Size

2,500 SF

Neighborhood

Greenwich Village

Submarket

New York

ZIP

10012

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$1,066,615

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$88,885

Annual Debt Service

$1,066,615

View on Map

Address

179 Sullivan Street

Log in to see street view

Get exclusive comps and insights by logging in - it's free!

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Send a Message

Interested in this listing?

Click the button above to request more information about this property.