125 Perry Street A West Village redevelopment site at 125 Perry Street has landed on the market.

The 10,000-square-foot lot is “the best residential redevelopment opportunity currently available in the United States,” according to Massey Knakal, which is marketing the property. The existing 40,000-square-foot building on the parcel is currently a parking garage, with natural light exposure from its corner location and oversized windows. The property has four curb cuts, which would allow prospective developers to create on-site parking — a rarity in the West Village.

The site 92 feet of frontage along Perry Street and 76 feet along Greenwich Street. Possibilities for a developer include boutique condominiums, a mixed-use project or a “truly historic and one-of-a-kind single family residence.”

The West Village Housing Development Corporation has owned the parking facility since 2006, according to The Real Deal, which first reported on the site coming on the market.

So where’s the price tag on this thing? Sources told The Real Deal that the site could fetch from just under $50 million to over $60 million. Here’s a diagram of the pentagon-shaped lot from the Massey Knakal listing:

125 Perry diagram

Photo: Massey Knakal

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