Property was the first New York City home of the legendary singer-songwriter

New York, NY – Global real estate advisory firm, Avison Young, has been exclusively retained to market for sale 161 West 4th Street, a meticulously renovated four-story 4,597-square-foot (sf) mixed-use multifamily and retail property asset located at the crossroads of West Village and Greenwich Village, two of Manhattan’s most iconic and desirable neighborhoods. The property has been listed at $8.25 million. Notably, the asset holds a unique place in cultural history as the first New York City home of legendary singer-songwriter Bob Dylan in the early 1960s.

Avison Young Principal, Head of Tri-State Investment Sales Brandon Polakoff, Director David Shalom, and Associate Director Ryan McGuirl are representing the seller, Icon Realty Management.

Ideally situated along the vibrant corridor of West 4th Street between 6th and 7th Avenues, 161 W. 4th Street is a fully fair market rate building with a rare combination of historic cachet and strong investment fundamentals. The building features both residential and retail components, with none of the apartments subject to rent regulation. The property comprises five residential units over two retail suites. The residential units include a spacious three-bedroom, two-bathroom apartment and four one-bedroom, one-bathroom units, each thoughtfully renovated in 2020 to condo-level standards. High-end finishes include bleached oak flooring, stainless steel appliances, marble countertops, exposed brick accents, and in-unit washer/dryers. Notably, one unit enjoys a private rear outdoor terrace, further enhancing its premium offering.

“161 West 4th Street offers investors the rare opportunity to own a legendary property in the heart of the West Village—one of New York City’s most coveted neighborhoods,” said Polakoff. “The property’s iconic address not only offers immediate access to the city’s vibrant residential and retail markets, but also carries the cultural legacy of Bob Dylan and the artistic spirit of Greenwich Village. With its premier location, fully fair-market status, and renewed cultural relevance, this asset stands as a rare and powerful investment opportunity.”

Upon arriving in New York, Bob Dylan lived in the third-floor rear apartment, a fact that has drawn renewed attention thanks to A Complete Unknown, the recent Oscar-nominated Dylan biopic that depicts his early years in the city. Since the film’s release, the building has attracted elevated visitor interest from fans and cultural enthusiasts. Dylan penned some of his earliest hits here and was photographed around the corner for the iconic The Freewheelin’ Bob Dylan” album cover. The building’s bohemian legacy still resonates today.

Shalom added, “The West Village remains one of Manhattan’s tightest rental markets, with residential demand consistently outpacing supply. New York City rents are currently at all-time highs, and with none of the building’s units subject to rent stabilization, investors have full flexibility to capitalize on market dynamics.”

The property offers 20 feet of prime frontage and immediate access to a rich tapestry of cultural, culinary, and lifestyle destinations, including Cornelia Street, Jones Street, and Washington Square Park. Just steps from the Christopher Street – Sheridan Square (1) Subway and West 4th Street – Washington Square Subway Station, with easy access to the PATH train, the property enjoys unmatched connectivity across Manhattan and to New Jersey. The West Village remains a premier residential enclave, characterized by exceptional rental demand, low vacancy, and premium rent growth driven by its charm, architecture, and vibrant lifestyle offerings.