A one-story stretch of retail at 403 Sixth Avenue in Manhattan’s West Village just changed hands for $41 million, tightening one landlord’s grip on a busy block where constant foot traffic and a tight supply of storefronts keep competition fierce.
Deal details
According to the New York Business Journal, Midwood Investment & Development bought the retail condominium for $41,000,000. The publication reports that the property’s tenant roster mixes national and local names, including Chipotle, Cohen’s Fashion Optical, Maya Salon & Spa and Casey’s Flower Studio.
About the property
Property data platforms list 403 Sixth Avenue as a one-story commercial retail building. StreetEasy describes the site as a single-story retail block carved into several street-facing storefronts.
Why buyers are still circling Village storefronts
Investors continue to chase compact, well-located storefronts that promise steady rent rolls and high visibility, and Midwood has been an active shopper in the neighborhood in recent years. Recent West Village acquisitions have been chronicled by The Real Deal, while financing activity tied to the firm is tracked by PincusCo.
The sale price, together with a tenant mix built around high-traffic daily needs, signals that investors still view Village storefront strips as dependable rent engines with strong street presence. Representatives for the buyer and seller have not surfaced in local coverage so far, and the New York Business Journal currently offers the most detailed public account of the transaction.
