Retail Condo in Greenwich Village Trades for $21.25M With Acquisition Financing

A retail condominium property in Manhattan’s Greenwich Village has changed hands in a transaction that also included acquisition financing arranged alongside the sale.

Investment brokerage Marcus & Millichap closed the $21.25 million sale of the retail condominium at 156–168 Bleecker Street while also arranging financing for the buyer through its capital markets division.

The asset consists of 27,541 square feet of retail space plus one residential unit located in the South Village Historic District of Manhattan.

Financing for the acquisition was arranged by Mission Capital, a subsidiary of Marcus & Millichap Capital Corp.

The brokerage team representing the transaction included Eric Anton and Adam Steiner of Marcus & Millichap, along with David Tobin, Spencer Kirsch, and Pierre Bonan of Mission Capital, who arranged the acquisition financing.

Long-Term Tenants Anchor the PropertyThe property benefits from several established commercial tenants that have occupied the building for many years.

Key tenants include:

• CVS Pharmacy, which recently extended its lease
• Le Poisson Rouge, a well-known live entertainment venue located in the former Village Gate Theater space.

Other tenants include specialty retailers such as Li-Lac Chocolates and Thin Cookies, contributing to the building’s mix of neighborhood-oriented retail.

According to brokers involved in the transaction, the stability of these long-term tenants provides strong baseline income while still offering upside potential through leasing vacant commercial space and the residential unit.

Historic Village Location

Built in 1896, the property spans an entire blockfront on Bleecker Street between Thompson and Sullivan Streets, providing approximately 200 feet of frontage along one of Greenwich Village’s most active retail corridors.

The building sits just one block from New York University’s Paulson Center, a major academic and student hub, and within walking distance of several subway stations including:

• Broadway–Lafayette / Bleecker Street
• West Fourth Street – Washington Square

Washington Square Park and a dense concentration of restaurants and retail destinations are also nearby, reinforcing the area’s strong pedestrian traffic.

Retail Investment in Prime Manhattan Neighborhoods

Retail real estate across Manhattan has experienced significant shifts over the past decade, particularly following pandemic-related disruptions to brick-and-mortar retail.

However, prime neighborhood retail corridors in areas such as Greenwich Village, SoHo, and the Upper East Side have remained attractive to investors due to strong local demand and limited supply.

Properties with long-term tenants and stable cash flow continue to attract interest from buyers seeking income-producing assets in established retail markets.

Final Thoughts

The sale of 156–168 Bleecker Street illustrates how stabilized retail assets in high-traffic Manhattan neighborhoods continue to command investor interest.

With long-term tenants in place and a location near major institutions such as NYU, the property offers both reliable income and potential upside through future leasing opportunities.

For Greenwich Village, the transaction reinforces the ongoing appeal of neighborhood retail corridors that benefit from steady pedestrian activity and a mix of local and destination businesses.

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