First, let's check out the Cushman & Wakefield listing for the building at 126-128 E. 13th St between Third Avenue and Fourth Avenue:
A NNN leased three level, Beaux-Arts style, loft building located on the south side of East 13th Street between 3rd and 4th Avenues. The space is leased to Peridance, a dance studio, until March 2028 with a 5 year option. The rent will increase to $623,673 per year in March 2016 and then have 3% annual increases thereafter. The tenant is responsible for all operating expenses and repairs for the property. The rent of only $40/RSF, is half of market value providing tremendous future upside. The lease is guaranteed by Capezio Ballet Makers Inc.
The asking price is $18 million. In addition, the same seller is offering the adjacent property to the south, 123 E. 12th St., for $8.5 million.
As for 126-128 E. 13th St., this is believed to be the last surviving horse and carriage auction mart building in New York City, according to the Greenwich Village Society for Historic Preservation (GVSHP), who helped keep the structure from becoming a seven-story condo back in 2006.
In addition, the building served as the studio of artist Frank Stella, and during World War II was an assembly-line training center for women. (Read more about the building's history at the GVSHP website here.)
In May 2012, the NYC Landmarks Preservation Commission voted unanimously to landmark the building. Several months before this vote, a State Supreme Court judge ordered the sale of the property after the condo developers lost a foreclosure suit, according to The Real Deal.
Image via Cushman & Wakefield