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149 CHURCH St
New York, NY 10007 Tribeca

$3,500,000 USD

Apartments Condo For Sale  •  7,078 SF

Property Details

  • Property Type Apartments
  • Total Building Size 64,418 SF
  • Lot Size 0.16 AC
  • Building Class A
  • Year Built 2020
  • Zoning C6-3A
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit A Retail 7,078 SF $3,500,000 USD
  • Unit Size: 7,078 SF
  • Condo Use: Retail
  • Price: $3,500,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $494.49 USD
Description
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of the retail condominium at 149 Church Street (“The Property”). The Property is located on the east side of Church Street between Chambers and Warren Streets in the heart of Tribeca. 

The prime commercial space comprises two distinct units: one at street level and another below grade. The at-grade unit consists of 1,886 square feet and makes up the southeast corner of the building, with approximately 58’ of frontage along Church Street and 20’ of frontage along Warren Street. The unit will be delivered vacant allowing a prospective investor to lease the space or a user to occupy the space themselves. With impressive 14’ ceiling heights and valuable corner frontage in a desirable retail corridor, the retail condo at 149 Church presents a unique opportunity for investors and users alike. 

The below-grade unit, making up the entire cellar of the Property, has a private entrance along Warren Street and consists of 5,192 total square feet. This unit was recently leased for ten (10) years through November 2034 to SweatHouz, a cold plunge and infrared sauna studio. Per the lease agreement, the tenant is currently paying $120,000/yr. The annual rent will increase to $204,000 in December 2025, with ~5% annual increases thereafter.

Sale Notes
- Strong, In-Place Cash Flow
- Valuable Corner Retail Frontage
- Manhattan Retail Resurgence
- Favorable 14' Ceiling Heights
- Prime Tribeca Retail Corridor
- Luxury Consumer Base
- Excellent Accessibility

Property Flyers

Amenities

  • Air Conditioning
  • Balcony
  • Heating
  • Doorman
  • Kitchen
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 5 min - 1.4 mi
Exchange Place (Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 11 min - 4.1 mi
Transit/SubwayDriveWalkDistance
Chambers Street (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 0 min 0 min 0.0 mi
Chambers Street (1,2,3 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
Park Place (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 2 min 0.1 mi
City Hall (Broadway Local - N - MTA New York City Transit, Broadway Local - R - MTA New York City Transit, Broadway Local - W - MTA New York City Transit) 0 min 2 min 0.1 mi
World Trade Center (E - New York MTA Subway (The Subway)) 2 min 3 min 0.2 mi
AirportDriveWalkDistance
LaGuardia 22 min - 11.4 mi
Newark Liberty International 19 min - 12.4 mi
John F Kennedy International 31 min - 19.6 mi
Jonathan Hageman 212-812-5995 JLL
Jonathan Hageman 212-812-5995 JLL