Bleecker Street mixed-use in NoHo sells for $5.7M

The buyer 9 Noho New York LLC paid $5.7 million to Bradley Gordon and Michael Gordon through the entity Centech, LLC for the four-unit mixed-use building (S4) at 9 Bleecker Street in NoHo, Manhattan. Marketing material for the property said that it would be delivered vacant, giving an opportunity either for an investor or for a conversion to a single-family home.
The deal closed on June 12, 2025 and was recorded on June 20, 2025. The property has 3,357 square feet of built space and 2,745 square feet of additional air rights for a total buildable of 6,100 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,697 and the price per buildable square foot is $934 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on December 21, 2018, for $3.1 million. The signatories for the sellers were Bradley Gordon and Michael Gordon. The contract date was April 1, 2025.

The property

The mixed-use building with 4 residential units in NoHo has 3,357 square feet of built space and 2,745 square feet of additional air rights for a total buildable of 6,100 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 61 feet deep with a total lot size of 1,220 square feet. The lot is irregular. The zoning is M1-5/R7X which allows for up to 5 times floor area ratio (FAR) for manufacturing and up to 5 times FAR for residential with inclusionary housing. The property is in the NoHo East Historic District. The city-designated market value for the property in 2022 is $4.4 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In NoHo, The majority, or 55 percent of the 3.8 million square feet of commercial built space are office buildings, with elevator buildings next occupying 14 percent of the space. In sales, NoHo has had very little sales volume relative to other neighborhoods with $108.7 million in sales volume in the last two years. For development, NoHo has had very little major development activity relative to other neighborhoods.It had 356,488 square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 11 of the 24 commercial properties representing 251,612 square feet of the 378,821 square feet. The largest owner is Shulsky Properties, followed by Becker, Glynn, Muffly, Chassin & Hosinski Registered and then Zg Capital Partners.
On the tax block, there was one new building construction project filed totaling 6,758 square feet. It is a three-unit, 6,758 square-foot residential (R-2) building submitted by David Smilow with plans filed December 22, 2015 and it has not been permitted yet.

The majority, or 65 percent of the 378,821 square feet of built space are office buildings, with mixed-use buildings next occupying 13 percent of the space.

Direct link to Acris document. link