171-173 Greenwich Ave
Greenwich, CT 06830
Office Property For Sale

171–173 Greenwich Avenue in Greenwich, Connecticut is a trophy mixed-use asset located at the heart of one of the nation’s most prestigious luxury retail corridors. Positioned at the “50-yard line” of Greenwich Avenue, this property offers unmatched visibility and foot traffic in a supply-constrained market surrounded by globally recognized flagship retailers and high-net-worth consumers. The building features a newly leased 3,256 SF ground-floor retail space occupied by Madewell, a leading fashion brand and subsidiary of J.Crew, under a long-term lease commencing September 2025 and running through January 2036, backed by a full J.Crew corporate guarantee. Above the retail space are four luxury residential units that were gut-renovated in 2018, combining historic charm with modern finishes and commanding premium rents. Additional upside includes an unfinished roof deck and potential expansion of the second and third floors to enhance residential income. This offering comes amid a historic post-pandemic surge in Greenwich’s retail and residential markets, fueled by migration from major metros and strong demand for high-end properties. With its prime location, stable income from a globally recognized tenant, luxury apartments, and development potential, 171–173 Greenwich Avenue represents an irreplaceable investment opportunity in one of the country’s most affluent and competitive retail corridors.