Overview
Northgate Real Estate Group has been exclusively retained to market the bankruptcy sale of 32 Jane Street, an existing multifamily building presenting exceptional redevelopment opportunities in the heart of the West Village. Buyers can pursue one of two compelling strategies: gut renovate and convert the property into a luxurious single-family townhouse commanding top-tier pricing, or maintain as a multifamily rental with renovated luxury apartments achieving premium free market rents. Previously LPC-approved single-family conversion plans are already in place, envisioning integrated bi-level outdoor living with a living-level terrace descending to the patio below and a garden-level family room opening directly to the yard, offering a significant head start toward the development timeline. Both paths offer significant upside in one of Manhattan's most prestigious neighborhoods.
Bid Deadline: Monday, March 23rd, 2026 by 5:00 PM EST
Auction Date: Wednesday, March 25th, 2026 at 3:00 PM EST
Sale Subject to Bankruptcy Court Approval
Investment Highlights
- 3-story, building on Jane Street in prime West Village
- Two compelling redevelopment strategies: Convert to a luxury single-family townhouse, with previously LPC-approved conversion plans featuring integrated bi-level outdoor living; or renovate and operate as a market rate multifamily asset
- 4,700 GSF building on a 20 ft x 67 ft lot
- 20 ft of frontage along Jane Street
- Spacious backyard
- Excellent transit access: short walk to 14th St/8th Ave station (A, C, E, L), 14th St (at 7th Ave) station (1, 2, 3), 14th St (at 6th Ave) station (F, M, L, Path)
- Within the Greenwich Village Historic District
- Close proximity to upscale restaurants, boutique retail, and curated shopping destinations such as: Fedora, Fairfax, L’Industrie, Semma, Sant Ambroeus, Big Night, Dot Reeder, Three Lives Co, Cursive Home, and PlantShed
Photo Gallery
Sales Team
