434 Greenwich Street #Leasehold
Retail | 8.69% CAP | 5,500 SqFt
Marketing description
Ripco Real Estate Has Been Exclusively Retained to Market the Leasehold Position in the Ground Floor Commercial SpaceWithin the Co-op Building Located at 434 Greenwich Street — Tribeca, Ny 10022 for Sale (the ’property’).
The Property is situated on the southwest corner of Greenwich Street and Vestry Street, at the base of a luxury mixed-use co-op building. The Property is in the heart of the North Tribeca Historic District on a prime corner in one of the country’s most expensive zip codes and offers approximately 4,500 SF of above grade space as well as 1,000 SF of below grade space across two subdivided commercial spaces.
With 56.6 years remaining on the leasehold and the corner unit being delivered vacant, the Property presents owner occupiers with the rare opportunity for a presence of New York City’s most sought after neighborhood.
Investment highlights
- High-Vacancy Retail Currently ~73% vacant creating a value-add opportunity for an investor or user
- Prime Exposure & Visibility Wrap around frontage along Greenwich Street and Vestry Street
- Long-Term Leasehold There is 56.6 years remaining on the leasehold, allowing a new owner to capitalize on a long-term presence in Tribeca’s affluent “gold coast”
- Ideal Tribeca Neighborhood Location Situated on a prime corner in one of the country’s most expensive zip codes and is in proximity to many national and local retailers and notable art galleries
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
