Storefront Retail Residential Condo For Sale
4,400 Sq Ft
Ground floor commercial unit totaling 4,400 square feet. Unit features 22' of frontage, concrete floors, and central HVAC.
Ceiling heights are 17' on the ground and 8' downstairs, with a window facing the landscaped rear outdoor space, and two means of egress. Subject property is located in the heart of TriBeCa, near Albert Capsouto Park, TriBeCa Park, Artists Space, and the SoHo shopping district. The A/C/N/Q/R/W/6 trains are located nearby.
Beautiful and meticulously built 4,400 sf retail showroom is up for sale on Tribeca's most alluring block. Inplace income of $600,000 per annum from a strong balance sheet retailer.
The purchase of this commercial condo will provide a steady income for many years with significant upside upon lease expirations. This beautifully designed retail space is occupied by a quality international retail tenant. 5 year lease with 5 year option at closing. There are no escalations. Rent increases 10% in year 6 if option is exercised.
Retail building constructed in 2019 totaling 13,233 square feet with 5 stories. The property is located on Lispenard St. on a 0.06 acre lot between Church St. and Broadway, zoned C6-2A & R8A