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42 Lispenard St
New York, NY 10013 Tribeca

$9,950,000

Storefront Retail Residential Condo For Sale  •  4,400 Sq Ft

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 13,233 Sq Ft
  • Lot Size 0.06 ac
  • Building Class B
  • Year Built 2016
  • Tenancy Multiple
  • Zoning C6-2A & R8A
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 42 Lispenard Retail Retail 4,400 SF $9,950,000
  • Unit Size: 4,400 SF
  • Condo Use: Retail
  • Price: $9,950,000
  • Sale Type: Investment
  • Price/SF: $2,261.36
Description
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.

Sale Notes
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.

Attachments

Property Flyers

Description

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

Highlights

Dramatic high ceilings, large windows and expansive mezzanine
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

Property Flyers

Financial Summary

Total Expenses: $62,186

Amenities

  • Bus Line
  • Metro/Subway
  • Mezzanine
  • Security System
  • Tenant Controlled HVAC

Public Transportation

Commuter RailDriveWalkDistance
New York Penn Station (NJT) Commuter Rail (Northeast Corridor Line, North Jersey Coast Line, Morris & Essex Morristown Line, Montclair-Boonton Line, Morris & Essex Gladstone Branch) 11 min - 2.8 mi
Hoboken Terminal Commuter Rail (North Jersey Coast Line, Morris & Essex Morristown Line, Raritan Valley Line, Bergen County/Port Jervis Line, Montclair-Boonton Line, Pascack Valley Line, Morris & Essex Gladstone Branch, Main/Port Jervis Line) 10 min - 3.5 mi
Transit/SubwayDriveWalkDistance
Canal Street (N,Q,R Line) Transit Stop 2 min 3 min 0.1 mi
Canal Street (A,C,E Line) Transit Stop 2 min 3 min 0.1 mi
Canal Street (4,5,6 Line) Transit Stop 2 min 5 min 0.2 mi
Franklin Street Transit Stop (1, 2) 4 min 6 min 0.3 mi
Canal Street (J,M,Z Line) Transit Stop 2 min 6 min 0.3 mi
AirportDriveWalkDistance
La Guardia Airport 21 min - 10.2 mi
Newark Liberty International Airport 27 min - 12.3 mi
John F. Kennedy International Airport 27 min - 15.4 mi

Parking Details

Parking Available: No
Reserved: No
Type: Surface
Included in Rent: Yes
Christopher Halliburton 917-518-9746 DHS Development Corp
Christopher Halliburton 917-518-9746 DHS Development Corp