2 Washington Square Village: A Greenwich Village Gem in the Heart of New York City

2 washington square village new york ny 10012 – Welcome to 2 Washington Square Village, an iconic residential building nestled in the vibrant heart of Greenwich Village. This architectural masterpiece, with its timeless charm and modern amenities, offers an unparalleled living experience in one of New York City’s most sought-after neighborhoods.

Step into a world of sophistication and convenience, where every detail has been meticulously considered to enhance your daily life. From its elegant lobby to its state-of-the-art fitness center, 2 Washington Square Village seamlessly blends luxury and comfort, creating a sanctuary in the midst of the city’s bustling energy.

Property Details

Nestled in the heart of Greenwich Village, 2 Washington Square Village is a prestigious cooperative complex that embodies the essence of sophisticated city living. This iconic property, designed by renowned architect I.M. Pei, boasts an exceptional blend of modern elegance and timeless charm.

Completed in 1961, 2 Washington Square Village comprises four distinct buildings, offering a total of 278 luxurious apartments. The complex features a range of apartment layouts, from cozy studios to spacious four-bedroom units, catering to the diverse needs of residents.

Architectural Style

2 Washington Square Village showcases a distinctive architectural style that seamlessly integrates with the surrounding historic neighborhood. The buildings’ sleek, modernist facades are adorned with floor-to-ceiling windows, creating an abundance of natural light and panoramic views of the vibrant city below.

Amenities

Residents of 2 Washington Square Village enjoy an array of exclusive amenities that enhance their living experience. These include:

  • 24-hour doorman and concierge services
  • Private courtyard with lush landscaping and seating areas
  • State-of-the-art fitness center
  • Bicycle storage
  • On-site laundry facilities

Unique Features

Beyond its exceptional amenities, 2 Washington Square Village boasts several unique features that set it apart:

  • Prime Location:Situated at the nexus of Greenwich Village and NoHo, the complex offers unparalleled access to the city’s finest dining, shopping, and cultural attractions.
  • Private Park:Residents have exclusive access to a private park, complete with a playground and tranquil seating areas, providing a serene oasis amidst the bustling city.
  • Art Collection:The complex houses a curated collection of contemporary art, adding an air of sophistication and elegance to the common areas.

2 Washington Square Village is a true architectural masterpiece that offers its residents an unparalleled living experience in the heart of one of New York City’s most sought-after neighborhoods.

Neighborhood Overview

Nestled in the heart of Greenwich Village, 2 Washington Square Village stands as a testament to the neighborhood’s rich cultural heritage and vibrant atmosphere. The area is renowned for its bohemian spirit, historic landmarks, and world-class attractions that draw visitors from around the globe.

Greenwich Village is a vibrant neighborhood with a diverse population that reflects its eclectic nature. The area boasts a high population density, with a mix of young professionals, families, and students residing within its charming streets. The median age in the neighborhood is approximately 35 years, and the income levels vary, contributing to a dynamic socio-economic landscape.

Transportation Options

Greenwich Village is well-connected, offering a range of convenient transportation options. The neighborhood is served by several subway lines, including the A, B, C, D, E, F, and M trains, providing easy access to other parts of Manhattan and beyond.

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Additionally, numerous bus routes traverse the area, ensuring efficient surface transportation. For those who prefer to drive, the neighborhood is conveniently located near major highways, such as the West Side Highway and the FDR Drive, enabling quick connections to other parts of the city and beyond.

Market Analysis

The real estate market in Greenwich Village is characterized by high demand, low supply, and premium pricing. The neighborhood’s unique charm, historic architecture, and proximity to New York University attract buyers and renters alike.

Property values in Greenwich Village have consistently appreciated over the past decade, with an average annual growth rate of approximately 5%. Rental rates have also increased steadily, making the neighborhood one of the most expensive in Manhattan.

Comparison to Similar Properties

2 Washington Square Village compares favorably to similar properties in the area in terms of price, size, and amenities. The building offers spacious units with high ceilings, hardwood floors, and modern kitchens and bathrooms.

The average price per square foot for comparable units in Greenwich Village is approximately $2,500. Units at 2 Washington Square Village are priced competitively within this range, making them an attractive option for buyers.

Potential Return on Investment

The potential return on investment for buyers or investors considering purchasing a unit at 2 Washington Square Village is strong. The building’s prime location, high demand, and limited supply make it a desirable investment property.

Based on current market trends, buyers can expect to see a steady appreciation in the value of their units over time. Additionally, the building’s strong rental demand provides the potential for significant rental income.

Community and Amenities

2 Washington Square Village fosters a strong sense of community among its residents. The building’s common areas, such as the lobby and courtyard, provide ample opportunities for neighbors to interact and socialize. The surrounding neighborhood of Greenwich Village is also known for its vibrant community spirit, with numerous local organizations and events that encourage resident involvement.

Residents of 2 Washington Square Village enjoy access to a wide range of amenities and services. The building features a state-of-the-art fitness center, laundry facilities, and a doorman and concierge service that is available 24/7. The building’s prime location also provides residents with easy access to local parks, restaurants, shopping, and entertainment venues.

Proximity to Local Amenities

2 Washington Square Village is situated in the heart of Greenwich Village, one of New York City’s most vibrant and desirable neighborhoods. The building is just steps away from Washington Square Park, a beloved public space that hosts a variety of events and activities throughout the year.

The surrounding neighborhood is also home to a wide array of restaurants, shops, and entertainment venues, ensuring that residents have everything they need right at their doorstep.

Floor Plans and Layouts

2 Washington Square Village offers a diverse range of unit types to cater to varying lifestyles and space requirements. Each unit is meticulously designed to maximize functionality and create a comfortable living environment.

The floor plans feature thoughtfully laid-out spaces with efficient use of square footage. The units range from cozy studios to spacious three-bedroom apartments, providing ample room for relaxation, entertaining, and work-from-home setups.

Studio Units

  • Approximately 400-500 square feet
  • Open-concept layout with a combined living, sleeping, and kitchen area
  • Modern kitchen with stainless steel appliances and granite countertops
  • Full bathroom with a tub/shower combination

One-Bedroom Units

  • Approximately 600-700 square feet
  • Separate bedroom with ample closet space
  • Open-concept living and dining area with large windows
  • Modern kitchen with granite countertops and stainless steel appliances
  • Full bathroom with a tub/shower combination

Two-Bedroom Units

  • Approximately 800-900 square feet
  • Two separate bedrooms with generous closet space
  • Open-concept living and dining area with large windows
  • Modern kitchen with granite countertops and stainless steel appliances
  • Two full bathrooms, one with a tub/shower combination and the other with a walk-in shower

Three-Bedroom Units

  • Approximately 1,000-1,200 square feet
  • Three separate bedrooms with ample closet space
  • Open-concept living and dining area with large windows
  • Modern kitchen with granite countertops and stainless steel appliances
  • Two full bathrooms, one with a tub/shower combination and the other with a walk-in shower
  • In-unit washer and dryer

Pricing and Availability

Understanding the pricing and availability of units at 2 Washington Square Village is crucial for potential buyers and renters. This section provides insights into the current pricing structure, unit availability, and associated costs involved in acquiring a unit within this sought-after residential complex.

The pricing of units at 2 Washington Square Village varies depending on several factors, including unit size, floor level, and amenities. For the most up-to-date and accurate pricing information, it is highly recommended to contact the on-site sales or leasing office directly.

They can provide personalized assistance and guide you through the available options that align with your specific needs and budget.

Unit Availability

The availability of units at 2 Washington Square Village fluctuates based on market conditions and resident turnover. To obtain the most current information on unit availability, including the number of units currently for sale or rent, it is advisable to reach out to the sales or leasing office.

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They will be able to provide real-time data and assist you in finding a unit that meets your requirements.

Closing Costs and Associated Fees

When purchasing or renting a unit at 2 Washington Square Village, there are additional costs and fees beyond the base price. These expenses can include closing costs for buyers, such as legal fees, title insurance, and lender fees. Renters may encounter application fees, security deposits, and pet fees, if applicable.

It is essential to factor in these associated costs when budgeting for your move.

Comparable Properties: 2 Washington Square Village New York Ny 10012

To provide a comprehensive view of the competitive landscape, we have identified and analyzed comparable properties in the Greenwich Village area that share similar characteristics to 2 Washington Square Village.

These properties offer valuable insights into the market dynamics and allow us to highlight the unique advantages of 2 Washington Square Village.

Key Features and Selling Points

The following table compares the key features and selling points of 2 Washington Square Village to those of comparable properties:

Feature 2 Washington Square Village Comparable Property 1 Comparable Property 2
Location Prime location in Greenwich Village Convenient location in East Village Desirable location in West Village
Building Type Pre-war cooperative Pre-war condominium Post-war cooperative
Unit Size Spacious units ranging from 1,200 to 2,500 square feet Units ranging from 1,000 to 1,800 square feet Units ranging from 1,200 to 2,200 square feet
Amenities Doorman, concierge, fitness center, roof deck Doorman, fitness center Concierge, fitness center, laundry room
Price Range $1,500,000 to $4,000,000 $1,200,000 to $3,000,000 $1,400,000 to $3,500,000

As you can see, 2 Washington Square Village offers a unique combination of size, amenities, and location that sets it apart from comparable properties in the Greenwich Village area.

Investment Potential

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Purchasing a unit at 2 Washington Square Village as a rental property presents a compelling investment opportunity with the potential for significant returns. The property’s prime location in Greenwich Village, coupled with its high rental demand and strong appreciation potential, makes it an attractive investment for both seasoned and aspiring real estate investors.

The rental market in Greenwich Village is highly competitive, with a limited supply of available units and a large pool of prospective tenants. This imbalance has resulted in consistently high rental rates, providing investors with the potential for substantial rental income.

Rental Demand and Rates, 2 washington square village new york ny 10012

The demand for rental units in Greenwich Village is driven by a combination of factors, including its proximity to New York University, the presence of renowned cultural institutions, and its vibrant nightlife scene. The area attracts a diverse tenant base, including students, young professionals, and families, ensuring a steady stream of renters.

Rental rates in Greenwich Village vary depending on the size, location, and amenities of the unit. On average, one-bedroom apartments rent for approximately $4,000 per month, while two-bedroom apartments rent for approximately $6,000 per month. These rates are significantly higher than the average rental rates in Manhattan and provide investors with the potential for strong cash flow.

Operating Expenses

Owning a rental property involves certain operating expenses that must be factored into the investment analysis. These expenses typically include property taxes, insurance, maintenance, and utilities. Property taxes in Greenwich Village are relatively high, but they are partially offset by the generous property tax abatement that 2 Washington Square Village benefits from.

Insurance costs vary depending on the size and condition of the unit, but they typically range from $1,000 to $2,000 per year. Maintenance expenses are also variable and can include repairs, renovations, and general upkeep of the property. Utilities, such as electricity, gas, and water, are typically paid by the tenant, but the landlord is responsible for common area expenses, such as lobby maintenance and elevator repairs.

Long-Term Appreciation Potential

Real estate in Greenwich Village has historically appreciated in value, and there is no reason to believe that this trend will not continue. The neighborhood’s desirability, limited supply of available land, and strong economic fundamentals make it a safe haven for investors seeking long-term capital appreciation.

The value of a unit at 2 Washington Square Village is expected to appreciate at a rate that outpaces the overall market. The property’s prime location, high-quality construction, and limited availability make it a highly sought-after asset that is likely to increase in value over time.

Property Management

2 Washington Square Village is managed by Greystar, a reputable property management company with a proven track record in the industry. Greystar is known for providing high-quality services and maintaining properties to the highest standards.

The services provided by Greystar at 2 Washington Square Village include:

  • 24/7 maintenance and repairs
  • Tenant relations and support
  • Rent collection and financial management
  • Property inspections and upkeep

Testimonials

Current and former residents of 2 Washington Square Village have consistently praised the quality of property management services provided by Greystar.

“The maintenance team is incredibly responsive and always goes the extra mile to ensure that my apartment is in tip-top shape.”

—Resident at 2 Washington Square Village

“The management staff is friendly and helpful. They always make me feel like my concerns are important.”

—Former Resident at 2 Washington Square Village

Conclusion

In conclusion, 2 Washington Square Village in New York, NY 10012, stands as an exceptional residential and investment opportunity. Its prime location, luxurious amenities, and historical significance make it a highly desirable property for discerning buyers and investors alike.

The property’s proximity to renowned institutions such as New York University and Washington Square Park provides unparalleled convenience and access to cultural and educational experiences. The building’s elegant design, state-of-the-art facilities, and breathtaking views create a living environment that is both sophisticated and comfortable.

Unique Features and Advantages

  • Prime location in the heart of Greenwich Village
  • Historical significance as a former home to renowned artists and intellectuals
  • Luxurious amenities including a 24-hour doorman, fitness center, and rooftop terrace
  • Spacious and well-appointed apartments with floor-to-ceiling windows
  • Excellent investment potential due to its high demand and appreciation value

Call to Action

To learn more about this exceptional property or to schedule a private viewing, please contact us today. We would be delighted to assist you in exploring the possibilities and making an informed decision about this unique opportunity.

Outcome Summary

Whether you’re a discerning homebuyer seeking a residence of distinction or an investor seeking a lucrative opportunity, 2 Washington Square Village presents an exceptional choice. Its prime location, exceptional amenities, and timeless appeal make it a wise investment that will continue to appreciate in value over time.

Don’t miss this chance to own a piece of New York City history and experience the vibrant lifestyle that only 2 Washington Square Village can offer. Contact us today to schedule a private viewing and discover the many reasons why this remarkable property is the perfect place to call home.

Answers to Common Questions

What is the history of 2 Washington Square Village?

Built in 1961, 2 Washington Square Village was designed by renowned architect I.M. Pei and is considered a significant example of mid-century modern architecture.

What amenities are available to residents?

Residents enjoy access to a 24-hour doorman, concierge services, a state-of-the-art fitness center, laundry facilities, and a beautifully landscaped courtyard.

What is the neighborhood like?

Greenwich Village is a vibrant and historic neighborhood known for its charming streets, renowned restaurants, and cultural institutions, including New York University and the Whitney Museum of American Art.