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Ll Floor - Unit Commercial Condo
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Retail
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31,206 SF
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$49,000,000 USD
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Unit Size: 31,206 SF
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Condo Use: Retail
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Price: $49,000,000 USD
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Sale Type: Investment
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Price/SF: $1,570.21 USD
Description
Discover a rare opportunity to own a trophy commercial condominium in one of Downtown Manhattan’s most iconic landmark buildings. This asset combines stable, long-term income with the prestige of owning a piece of New York City history.
Investment Highlights
Stable, Passive Income:
Secured by a Triple Net (NNN) Lease, the tenant covers all property taxes, insurance, and maintenance expenses. The owner enjoys predictable net rental income with minimal operating responsibility.
Prestigious Landmark Location:
Situated within a registered NYC landmark featuring magnificent Beaux-Arts architecture, a 40-foot vaulted ceiling, marble-lined corridors, and an original historic vault door — an irreplaceable space ideal for cultural, media, or tech-driven uses.
World-Renowned Tenant – Hall des Lumières:
Home to immersive art exhibitions showcasing masters like Van Gogh, Klimt, and Dalí, Hall des Lumières attracts strong foot traffic from tourists and locals alike, enhancing the long-term prestige and value of the property.
Prime Downtown Manhattan Location:
Positioned across from City Hall Park, just a 2-minute walk to 7 major subway lines (A/C/J/Z/R/2/3), and surrounded by Tribeca, SoHo, and key civic institutions — one of Manhattan’s most connected and vibrant districts.
Capital Appreciation Potential:
Located in a limited-supply, historic commercial building, this asset appeals to future buyers or tenants in the cultural, luxury retail, or experiential sectors. The space is event-ready and offers multiple value-add possibilities.
Fee Simple Ownership:
Enjoy independent, deeded ownership with full flexibility to hold, lease, or resell without impacting the residential portion of the property.
Sale Notes
Stable, Passive Income via Triple Net Lease.
Prime Downtown Manhattan Location.
Ownership of a Landmark Space.
Globally Recognized Tenant.
Capital Appreciation Potential.
Fee Simple, Individually Deeded Ownership.
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Michelle Han
Prominent Properties Sotheby's International Realty
