Property Description
Newmark, in partnership with Serhant Real Estate, has been exclusively retained to arrange for the sale of a value-add trophy asset at 9 Great Jones Street, New York, NY (the “Property”). Situated on the south side of Great Jones Street between Lafayette Street and Broadway, the Property offers a rare opportunity to acquire a former loft-law, mixed-use building in the heart of Manhattan’s NoHo neighborhood.
The six‑story walk‑up is 100% occupied and currently comprised of four renovated floor‑through apartments and two commercial spaces. Totaling 16,660 SF, the Property includes approximately 14,290 SF above grade and 2,370 SF of usable/leased lower‑level space. The asset is anchored by ACME and The Nines—two notable restaurant and lounge concepts—occupying the basement and ground floor with remaining term through 2031 and meaningful upside at rollover. The second floor is leased to Blainey North, an Australian luxury interior architecture and design firm, and offers potential conversion to residential use, creating additional value‑add optionality. Floors three through six contain the largely free‑market residential portion of the building, each featuring an approximately 2,000 SF two‑bedroom unit. Only one rent‑stabilized tenant remains on the sixth floor, eligible for deregulation due to former loft‑board designation. Future ownership also benefits from an existing elevator shaft, presenting an attractive opportunity to reinstate and add vertical transportation. Additionally, the Property is designated Tax Class 2A, providing favorable tax treatment and long‑term assessment stability.
Deal Highlights
- 100% Occupied, 6-Story Mixed-Use Asset in Prime NoHo, Manhattan
- 16,660 Total SF Inclusive of 2,370 SF Usable / Leased Below Grade
- Notable Restaurant Anchor – Acme and The Nines with Remaining Term through 2031
- Former Loft‑Board Designation Enables Deregulation of 6th Floor Rent‑Stabilized Unit
- Optionality to Convert 2nd Floor Office to Residential Use
- Significant Mark-to-Market Potential at Rollover
- Reinstate Existing Elevator Shaft for Added Vertical Transportation
- Favorable Tax Class 2A Designation
- Direct Access to the Bleecker Street 4 and 6 Stop and Within a 5-Minute Walk of the B, D, F, M, R, W Lines
Overview
Property Features & Amenities
Interior
Exterior
Details
Financial
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