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Two Boroughs Retail Portfolio 5 Retail Condos in Multiple Locations
Investment Highlights
- Fully leased portfolio with 6.8 years of weighted average lease term across six assets.
- Four properties benefit from long-term ICAP or 421-a tax abatements.
- Positioned at the base of luxury residential and mixed-use developments with strong foot traffic.
- Tenants include ON-Running, Away, One Medical, CityMD, Valley Agriceuticals, and Douglas Elliman.
- Located in NoHo, TriBeCa, Murray Hill, and Williamsburg—NYC’s top-performing retail corridors.
Executive Summary
The Two Boroughs Retail Portfolio presents a rare opportunity to acquire six fully leased retail assets strategically located across Manhattan and Brooklyn’s most dynamic submarkets: NoHo, TriBeCa, Murray Hill, and Williamsburg. Totaling 28,474 square feet, the portfolio is 100% occupied with a weighted average lease term of 6.8 years, offering immediate scale and durable income in New York City’s most supply-constrained retail corridors. Each property is anchored by nationally recognized tenants across resilient sectors including healthcare (One Medical, CityMD), apparel (ON-Running, Boglioli), cannabis wellness (Valley Agriceuticals), and real estate services (Douglas Elliman). These tenants operate flagship locations in high-foot-traffic areas, enhancing visibility and brand synergy. Four of the six assets benefit from long-term ICAP or 421-a tax abatements, delivering substantial property tax savings and boosting investor yield. Constructed between 2013 and 2018, the assets are located at the base of luxury residential or mixed-use developments, minimizing capital expenditure needs and maximizing co-tenancy appeal. The NoHo properties, including ON-Running’s global flagship at 363 Lafayette and Away Luggage’s first flagship at 10 Bond Street, are positioned in one of Manhattan’s most sought-after retail corridors, where asking rents have surged 24% year-over-year. In Williamsburg, the portfolio benefits from explosive leasing velocity and cultural cachet, with tenants like Valley Agriceuticals and Douglas Elliman occupying prime corners near the Pod Brooklyn Hotel and luxury residential buildings. This offering is available as a portfolio or on an individual asset basis, providing flexibility for investors seeking stabilized, tax-advantaged retail income in high-barrier-to-entry locations.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 15,568 SF |
| Number of Properties | 5 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 15,568 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 20 N 5th St, 1st Floor - Unit Retail, Brooklyn, NY 11249 | Retail Condo | 3,850 SF | 2006 | - |
| 280 Metropolitan Ave, 1st Floor - Unit 1, Brooklyn, NY 11211 | Retail Condo | 1,920 SF | 2017 | - |
|
Reade Chambers
87-89 Chambers St, Ground - Unit Retail, New York, NY 10007 |
Retail Condo | 3,705 SF | 2015 | - |
| 363 Lafayette St, 1st Floor - Unit Retail, New York, NY 10012 | Retail Condo | 3,565 SF | 2019 | - |
| 10 Bond St, Ground - Unit Retail, New York, NY 10012 | Retail Condo | 2,528 SF | 2015 | - |
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Contacts
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Adam Doneger -
Brett Siegel -
Daniel O'Brien -
Maurice Suede -
Felton Hatcher -
Christine Felling -
Newmark
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Two Boroughs Retail Portfolio
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