41-43 Division St - Loft/Creative Space FOR SALE


New York, NY 10002
$22,500,000 USD
212-841-7500
41-43 Division St, New York, NY for Sale
$22,500,000 USD
Loft/Creative Space - FOR SALE
1/8
null | Request Cap Rate

41-43 Division St
New York, NY 10002


OVERVIEW

Cushman & Wakefield is pleased to present this exceptional opportunity to acquire 41-43 Division Street, New York, NY. This 7-story elevator building was recently gut-renovated for a global flagship tenant, with retail, event space, meeting rooms, offices, storage, and a rooftop with spectacular NYC views. The 50-footer cast-iron building is situated on the south side of Division Street between Bowery and Market Street, in the Two Bridges area at the intersection of Chinatown, LES, TriBeCa, Soho, and the Financial District. The building contains 30,872 gross rentable SF and has undergone an extensive and full gut-renovation completed in mid-2020, including capital improvements in excess of 5mm. Taken down to the core and rebuilt with entirely brand new --steel beams, mechanicals, plumbing, electric, windows, elevator with rooftop stop, fire-escape, restored façade, and finished paver rooftop. The building enjoys soaring ceiling heights (14.5 feet on the ground floor), full size windows and ample outdoor space including a 3,000 square feet roof deck with dramatic NYC views. This is a unique opportunity for this turnkey building to become future headquarters for a wide array of commercial users including retailers, religious organizations, governments, family offices, foundations, doctors’ offices, social/private clubs or galleries seeking to establish a flagship in this burgeoning location.

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$723 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,552 SF

ZONING

C6-1G

APN/PARCEL ID

0281-0042,0281-0044,0281-0045

ASK ABOUT THIS PROPERTY

Michael DeCheserCushman & WakefieldMore Info
212-841-7500

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

Michael DeCheserCushman & WakefieldMore Info
212-841-7500

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