Listed by RIPCO Real Estate, RIPCO Real Estate New York
$2,950,000
434 Greenwich Street #Leasehold
Details
APN 218/8
Property Type Retail
Sub Type Storefront, Street Retail
Square Footage 5,500
Units 2
Cap Rate 10.25%
NOI $256,268
Occupancy 27%
Tenancy Multi
Brand/Tenant Art Gallery, Graphic Designer
Lease Term 55.5
Lease Expiration 09/30/2081
Remaining Term 1
Pro-Forma Cap Rate 10.25%
Pro-Forma NOI $256,268
Price per SqFt $455
Stories 2
Investment Type Value Add
Ground Lease Yes
Ownership Co-op Leasehold
Retail | 8.69% CAP | 5,500 SqFt
Marketing description
Street Retail, Retail Condominium listing at 434 Greenwich Street, #Leasehold, Tribeca, Manhattan, New York 10013. New Asking Price.
Investment highlights
- High Vacancy Retail - Currently ~73% vacant creating a value-add opportunity for an investor or user.
- Long-Term Leasehold - There are 55.5 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
Listed by RIPCO Real Estate, RIPCO Real Estate New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$256,268.00
$21,355.67/mo
Valuation Metrics
0
DSCR
8.69%
Cap Rate
8.69%
ROI
Map
Zoning
C6-2A CommercialGeneral CommercialGeneral Central Commercial
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View all 265 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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