Sant Ambroeus retail condo hits market for $17M

TRD New York /
Oct.October 18, 2013 04:00 PM

A package of three West Village retail condominiums, one of which is currently home to celeb-studded Italian coffee house and restaurant Sant Ambroeus, is set to hit the market for a whopping $17 million, according to a person familiar with the plans.

The three units, at 259 West 4th Street between Perry and Charles streets, will be marketed by Debra La Chance, Oliver Somoza and Ariel Brenner of the Corcoran Group’s commercial division. A spokesperson for Corcoran did not immediately return a request for comment.

The property, which has 3,100 square feet of above grade space and 4,900 square feet in total, belongs to local investors Martin Herzog and Lizabeth Levkoff, public records indicate. The owner is a multi-family landlord, said one person with knowledge of the situation. They did not immediately respond to a request for comment.

Sant Ambroeus, famed for its selection of sugar cookies, fruit tarts and gelatos, has become a top haunt for celeb-watching in recent years. Big names that have been spotted at the eatery include singer Katie Perry, who was seen smooching with then-husband Russell Brand at the restaurant several years ago, as well as designers Michael Kors and Nicole Ritchie. Sant Ambroeus’ lease began at the property in 2003, according to data from CoStar Group. The expiration date was not clear.

The property is also home to Mediterranean restaurant Extra Virgin, which has been in place at the property for just two years, as well as the Perry Street Workshop of Alcoholics Anonymous. The building’s net operating income for 2013 was $416,000, according to documents seen by The Real Deal.

Representatives for the two restaurants were not immediately available for comment.

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