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Retail Only 88 Greenwich St 2 Unit Apartment Building For Sale New York, NY 10006
Executive Summary
Two Retail Condos Totaling 60,393 Rentable SF Across Two-Stories | 52,738 Above Grade SF + 7,655 SF of Usable Basement
- Strong In Place Cash Flow with Additional Upside – 74% of NRA Leased to Investment Grade Credit
- 11.9 Years WALT Remaining
- Option to Assume Accretive Financing
- Ideal Corner Location boasting over 450’ of Wraparound Frontage Along Greenwich, Rector and Washington Streets
- Situated at the Base of the Ultra-Luxury Condominium Building, Greenwich Club Residences
- Opportunity to Hand Pick Additional Tenancy and Establish Long Term, Stable Cash Flow
- 11,390 SF of Highly Leasable Vacant Retail Space
- 2 of the Vacant Spaces are Second Generation Restaurant Space
- Located in the Heart of the Financial District just Two Blocks South of the World Trade Center
- Unparalleled access to local transit as it is directly adjacent to the Rector Street subway stop and minutes away from several subway stations servicing the 1, R, W, 4 & 5 lines
- Strong In Place Cash Flow with Additional Upside – 74% of NRA Leased to Investment Grade Credit
- 11.9 Years WALT Remaining
- Option to Assume Accretive Financing
- Ideal Corner Location boasting over 450’ of Wraparound Frontage Along Greenwich, Rector and Washington Streets
- Situated at the Base of the Ultra-Luxury Condominium Building, Greenwich Club Residences
- Opportunity to Hand Pick Additional Tenancy and Establish Long Term, Stable Cash Flow
- 11,390 SF of Highly Leasable Vacant Retail Space
- 2 of the Vacant Spaces are Second Generation Restaurant Space
- Located in the Heart of the Financial District just Two Blocks South of the World Trade Center
- Unparalleled access to local transit as it is directly adjacent to the Rector Street subway stop and minutes away from several subway stations servicing the 1, R, W, 4 & 5 lines
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 2 | Lot Size | 0.74 AC |
| Property Type | Multifamily | Building Size | 60,393 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Hi-Rise | Year Built/Renovated | 1956/2003 |
| Zoning | C6-4CR - C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location | ||
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.74 AC |
| Building Size | 60,393 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2003 |
| Zoning | C6-4CR - C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Refrigerator
- Range
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- Fitness Center
- Media Center/Movie Theatre
- Roof Terrace
- Elevator
- Study Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 387 | - | - |
| 1+1 | 65 | - | 748 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,504,137 CAD | |
| Land Assessment | $948,001 CAD | Total Assessment | $8,452,138 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$948,001 CAD
Improvements Assessment
$7,504,137 CAD
Total Assessment
$8,452,138 CAD
Contacts
-
Christine Felling -
Brett Siegel -
Maurice Suede -
Eric Roth -
Tyler Signora -
Newmark
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Retail Only | 88 Greenwich St
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