Irreplaceable Manhattan Building with 5%+ Yield Offered to International Investors

422 Hudson Street, Manhattan — Over 5% Yield, Fully Free-Market, and Designed for Hands-Off Ownership from Abroad

NEW YORK, May 5, 2026 /PRNewswire/ -- NYR.com — New York Residence Inc., a Manhattan investment sales firm specializing in landmark and institutional-quality assets, is offering 422 Hudson Street, a historic mixed-use building in the heart of the West Village, to investors at an asking price of US$11,250,000.

The property is located within walking distance of the Manhattan offices of Google, Disney, and Meta (formerly Facebook), placing it at the center of one of New York City's most desirable and supply-constrained residential submarkets. West Village zoning and landmark protections sharply limit new construction, supporting long-term value and consistent leasing demand. The building is fully rented and can be delivered as turnkey operation, easy to manage even from afar.

Built in 1875, the four-story landmarked building contains three free-market residential apartments and a ground-floor commercial space. The retail tenant, Lelabar, is among New York's most acclaimed wine bars, recognized by Travel + Leisure, The Wine Enthusiast, CBS, and Wine Spectator. Lelabar has operated successfully at this location for more than 20 years and remains a thriving neighborhood institution, with a long-term lease in place through 2032 and contractual 3% annual rent escalations.

The building has recently undergone a comprehensive renovation completed in close coordination with the New York City Landmarks Preservation Commission, which is particularly protective of the West Village historic district. Improvements include a new roof, new gourmet kitchens in each apartment, multi-zone central air conditioning, and sound-insulating windows — all executed while preserving the building's original architectural character, including exposed timber beams, original brick walls, and wood-burning fireplaces.

422 Hudson Street is fully leased and 100% free-market. In-place gross rent is approximately US$710,000 per year, with a proforma capitalization rate exceeding 5% based on contractual lease extensions. The property is professionally managed and structured for fully hands-off ownership, making it well suited to overseas investors seeking secure U.S. dollar income from a trophy Manhattan address without day-to-day involvement.

A complete information package — including the offering memorandum, rent roll, expense schedule, floor plans, and photography — is available to qualified investors upon request. "It is rare to find a fully free-market, renovated West Village asset at this price point, especially with stabilized retail income and such limited operational requirements," said Thomas Guss, President and Broker at New York Residence Inc.

Media & Investor Contact
Thomas Guss, President / Broker
New York Residence Inc.
Office: +1 (212) 360-7000 ext. 103 | Direct: +1 (212) 365-4751
Email: TG@NYR.com | Web: NYR.com

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Irreplaceable Manhattan Building with 5%+ Yield Offered to International Investors

SINGAPORE, May 5, 2026 /PRNewswire/ -- Digital travel platform Agoda reports growing travel interest for the upcoming long break that closes out April and sees in May compared to the similar break last year. According to domestic accommodation searches made on Agoda, local travel interest has increased by 81% compared to last year's late April-early May holiday period.

The holiday period for both years included Hung Kings Commemoration, Reunification Day and Labor Day, making it a prime travel period for Vietnamese travelers combining multiple public holidays. In 2025, the break was extended by additional days linked to the 50th anniversary of Reunification, while in 2026 the three holidays fall on the same week, making it easy for many employees to take two days of leave and enjoy a much longer break.

The increase in domestic accommodation searches reflects strong appetite for local getaways as travelers look to make the most of one of the longest holiday periods of the year.

Domestic Travel: Cooler Escapes and Familiar Destinations Shape Travel Intent

Coastal destinations lead the way for travel interest, with Agoda's search data showing four beach cities among the top five most searched domestic destinations by Vietnamese travelers: Vung Tau (increasing by 101% year-on-year), Nha Trang (increasing by 96% year-on-year), Da Nang (increasing by 89% year-on-year), and Phan Thiet (increasing by 72% year-on-year). Da Lat (increasing by 45% year-on-year) is the only non-coastal destination in the ranking, maintaining strong appeal thanks to its cool climate and suitability for short "heat escape" trips. As Vietnam enters an early and intense heatwave, with temperatures nearing 40 degrees nationwide, travelers are increasingly seeking cooler escapes.

This behavior also underscores a broader shift in traveler mindset, with convenience and proximity becoming key decision drivers. Rather than venturing into off-the-beaten-track destinations, Vietnamese travelers are gravitating toward well-known, easily accessible locations that help optimize travel costs while still delivering meaningful experiences with family and friends.

Outbound Travel: Growing Interest Beyond Southeast Asia

Outbound travel interest saw a 9% increase during the holiday period, in comparison with the same period last year. While perennial favorites Bangkok and Singapore kept their places in the top 5 international destinations, Tokyo and Seoul recorded growth in travel interest of 49% and 20% respectively, as Vietnamese travelers may plan to take advantage of the longer break to go a little further afield than typical short-hops within Southeast Asia. Taipei also remains among the top searched destinations, rounding out the top five holiday getaways for outbound travel.

Top searched destinations for the upcoming holiday period between 24 April and 2 May 2026 include: