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