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RETAIL CONDOMINIUM

Lower Manhattan
$7,500,000
2,000 SF (Approx)
Ground Floor Retail

Property Information

  • ASSET TYPE Retail Condo
  • LEASE TERM 10 Years
  • NOI $375,000

Additional Info

  • An income producing asset, this retail condominium in the heart of Lower Manhattan is a prime opportunity for an investor looking for safe cash flow.
  • Annual escalations with a long term lease.
  • High end tenant has a NNN lease and is responsible for all utilities as well.
  • Prime retail and shopping location with surrounding retailers that include: Polo Ralph Lauren, Lululemon Lab, Sephora, Balenciaga, Nike, Starbucks, Bloomingdale’s, and many more.
  • Average daily traffic count of 120,000 vehicles per day, the neighborhood is heavily visited by tourists and locals alike.
  • The property benefits from being in one of New York City’s premier residential neighborhoods where the current market dictates an average median price for apartments asking over $3 million.