516-974-8419
261 Broadway, New York, NY for Sale
Apartments CONDO - FOR SALE
1/9
null | Request Cap Rate

261 Broadway
New York, NY 10007


HIGHLIGHTS

  • Premier corner retail on Broadway and Warren Street provides investors the opportunity through lease-up along this busy Broadway corridor.
  • Current tenant, De Janiero, provides immediate cashflow to investors.
  • Premier location known for its upscale shopping and dining options

OVERVIEW

Meridian Investment Sales is pleased to present the exclusive offering for the retail condominium at 261 Broadway. Perched on the busy corner of Broadway and Warren Street at the base of a luxury residential building, the retail condominium spans 14,262 SF with over 8,500 SF of grade level retail space directly across from Zuccotti Park and City Hall. The asset is currently occupied by De Janeiro, an affordable women’s fashion brand, with over 3,000 SF. The tenant has another 3.5 years remaining on their lease with no extension options on their lease, providing a mark-to-market opportunity upon lease expiry in 2028. Bank of America, who had been in this location since the early 2000s, recently vacated 5,500 SF on the tony corner with significant street level exposure. The property is not landmarked - providing savvy investors the ability to create store frontage along Warren Street and lease smaller, more efficient tenant spaces and to capture higher rents. In addition to this valuable corner lease-up opportunity, investors can collect additional cash flow through the leasing of the 5,750 SF of lower level space.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

111,474 SF

STORIES

12

BUILDING CLASS

B

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C5-3

APN/PARCEL ID

0135-1001

ASK ABOUT THIS PROPERTY

Chirag DoshiMeridian Retail LeasingMore Info
516-974-8419

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Chirag DoshiMeridian Retail LeasingMore Info
516-974-8419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.