Greenwich Village - Welcome to YRE

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Downing Court (63 Downing Street)

Downing Court (63 Downing Street)

63 Downing Street is a Yield-Oriented asset that excels at income generation while failing to deliver capital appreciation. Post-2016 behavior is characterized by price stagnation; multiple resale lines (B and D) have traded flat or at a loss over 5-8 year holding periods, significantly lagging the NYXRCSA benchmark. However, the building is a rental powerhouse, with 1-bedroom units commanding over $110/SF and leasing in under a week. It is an ideal "cash cow" for landlords but a "value trap" for buyers expecting equity growth.

Greenwich VillageBuildings

Georgetown Plaza (60 East 8 Street)

Georgetown Plaza (60 East 8 Street)

Georgetown Plaza is a high-liquidity Hybrid asset that excels at generating income and clearing transaction volume but struggles with medium-term capital appreciation. Post-sponsor analysis reveals a "trading range" behavior: while rents have compounded (Rent Score 82), sales prices for 1BR units have remained largely flat or mean-reverting since the 2015 peak ($1,400-$1,600 PPSF range). Opportunities lie in yield-focused acquisition of Studios/1BRs where high tenant demand minimizes vacancy loss. Risk is concentrated in capital appreciation; this is a building to hold for cash flow or utility, not for aggressive asset growth,.

BuildingsGreenwich Village

Downing Court (63 Downing Street)

Downing Court (63 Downing Street)

63 Downing Street is a Yield-Oriented asset that excels at income generation while failing to deliver capital appreciation. Post-2016 behavior is characterized by price stagnation; multiple resale lines (B and D) have traded flat or at a loss over 5-8 year holding periods, significantly lagging the NYXRCSA benchmark. However, the building is a rental powerhouse, with 1-bedroom units commanding over $110/SF and leasing in under a week. It is an ideal "cash cow" for landlords but a "value trap" for buyers expecting equity growth.

Greenwich VillageBuildings

Georgetown Plaza (60 East 8 Street)

Georgetown Plaza (60 East 8 Street)

Georgetown Plaza is a high-liquidity Hybrid asset that excels at generating income and clearing transaction volume but struggles with medium-term capital appreciation. Post-sponsor analysis reveals a "trading range" behavior: while rents have compounded (Rent Score 82), sales prices for 1BR units have remained largely flat or mean-reverting since the 2015 peak ($1,400-$1,600 PPSF range). Opportunities lie in yield-focused acquisition of Studios/1BRs where high tenant demand minimizes vacancy loss. Risk is concentrated in capital appreciation; this is a building to hold for cash flow or utility, not for aggressive asset growth,.

BuildingsGreenwich Village

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