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149 CHURCH St - 149 Church Street Retail Condominium 7,078 SF Retail Condo Unit Offered at $4,885,720 CAD in New York, NY 10007
PROPERTY FACTS
| Total Building Size | 64,418 SF | Floors | 12 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,368 SF |
| Property Subtype | Apartment | Year Built | 2020 |
| Building Class | A | Lot Size | 0.16 AC |
| Zoning | C6-3A - Mixed residential & commercial: condominiums | ||
| Total Building Size | 64,418 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 12 |
| Typical Floor Size | 5,368 SF |
| Year Built | 2020 |
| Lot Size | 0.16 AC |
| Zoning | C6-3A - Mixed residential & commercial: condominiums |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
SITE AMENITIES
- Doorman
- Elevator
1 UNIT AVAILABLE
Unit A
| Unit Size | 7,078 SF | Sale Type | Investment or Owner User |
| Price | $4,885,720 CAD | Cap Rate | 7.51% |
| Price Per SF | $690.27 CAD | NOI | $367,073.93 CAD |
| Condo Use | Retail |
| Unit Size | 7,078 SF |
| Price | $4,885,720 CAD |
| Price Per SF | $690.27 CAD |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.51% |
| NOI | $367,073.93 CAD |
DESCRIPTION
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of the retail condominium at 149 Church Street (“The Property”). The Property is located on the east side of Church Street between Chambers and Warren Streets in the heart of Tribeca.
The prime commercial space comprises two distinct units: one at street level and another below grade. The at-grade unit consists of 1,886 square feet and makes up the southeast corner of the building, with approximately 58’ of frontage along Church Street and 20’ of frontage along Warren Street. The unit will be delivered vacant allowing a prospective investor to lease the space or a user to occupy the space themselves. With impressive 14’ ceiling heights and valuable corner frontage in a desirable retail corridor, the retail condo at 149 Church presents a unique opportunity for investors and users alike.
The below-grade unit, making up the entire cellar of the Property, has a private entrance along Warren Street and consists of 5,192 total square feet. This unit was recently leased for ten (10) years through November 2034 to SweatHouz, a cold plunge and infrared sauna studio. Per the lease agreement, the tenant is currently paying $120,000/yr. The annual rent will increase to $204,000 in December 2025, with ~5% annual increases thereafter.
SALE NOTES
- Strong, In-Place Cash Flow
- Valuable Corner Retail Frontage
- Manhattan Retail Resurgence
- Favorable 14' Ceiling Heights
- Prime Tribeca Retail Corridor
- Luxury Consumer Base
- Excellent Accessibility
CONTACTS
-
Jonathan Hageman -
Vickram Jambu -
Guthrie Garvin -
Logan Boenning -
Jacob Russell -
JLL
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149 CHURCH St - 149 Church Street Retail Condominium
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