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385 First Ave - Retail Condominium at CODA Unité de condo • Commerce de détail • 9 299 pi² • À vendre 16 469 760 $ CAD • New York, NY 10010
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- In-Place Cash Flow
- Fully Leased Asset
- Excellent Accessibility
- Valuable Corner Retail Frontage
- Diverse Consumer Base
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement |
| Type de vente | Investissement |
Description
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of the retail condominium at CODA, located at 385 First Avenue (“The Property”) in Gramercy Park, Manhattan. The three (3) prime commercial spaces occupy the entire base of the building, situated at the southwest corner of East 23rd Street and First Avenue. With ~200’ of wraparound corner frontage, the Property offers exceptional visibility and access to a diverse customer base of residents, professionals, and students from nearby institutions.
Notes sur la vente
Manhattan’s retail market has demonstrated impressive resilience and growth
throughout 2025 and into Q1 2026, with key leasing metrics indicating a strong
recovery. The annualized average prime asking rents in Manhattan’s retail
corridors rose by 6.7% year-over-year, while direct ground floor availabilities
across the borough’s premier shopping areas hit a new record low of 13.7%.
This “top down” trend in retail leasing suggests that as prime locations become
fully occupied, we can expect increased leasing activity and rising rents in
quality neighborhood retail spaces along busy corridors such as First Avenue
and the 23rd Street thoroughfare.
The fully occupied ground floor retail at 385 First Avenue in Midtown
exemplifies the strength of Manhattan’s retail resurgence. Gramercy’s diverse
mix of residents, office employees, medical industry professionals, and students
provides a robust customer base for the current tenants, while the area’s
reputation for both mainstream and boutique retail aligns with current trends
favoring convenient and unique shopping experiences. The success of these
retailers demonstrates the enduring appeal of well-positioned retail spaces in
high-traffic locations
throughout 2025 and into Q1 2026, with key leasing metrics indicating a strong
recovery. The annualized average prime asking rents in Manhattan’s retail
corridors rose by 6.7% year-over-year, while direct ground floor availabilities
across the borough’s premier shopping areas hit a new record low of 13.7%.
This “top down” trend in retail leasing suggests that as prime locations become
fully occupied, we can expect increased leasing activity and rising rents in
quality neighborhood retail spaces along busy corridors such as First Avenue
and the 23rd Street thoroughfare.
The fully occupied ground floor retail at 385 First Avenue in Midtown
exemplifies the strength of Manhattan’s retail resurgence. Gramercy’s diverse
mix of residents, office employees, medical industry professionals, and students
provides a robust customer base for the current tenants, while the area’s
reputation for both mainstream and boutique retail aligns with current trends
favoring convenient and unique shopping experiences. The success of these
retailers demonstrates the enduring appeal of well-positioned retail spaces in
high-traffic locations
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 3 | 9 299 pi² | Commerce de détail | 16 469 760 $ CAD (1 771,13 $ CAD/pi²) | - |
Unité 3
| Taille de l’unité |
| 9 299 pi² |
| Utilisation du condo |
| Commerce de détail |
| Prix |
| 16 469 760 $ CAD (1 771,13 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
1 de 0
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Unité 3
| Taille de l’unité | 9 299 pi² |
| Utilisation du condo | Commerce de détail |
| Prix | 16 469 760 $ CAD (1 771,13 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
| Description | |
| Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of the retail condominium at CODA, located at 385 First Avenue (“The Property”) in Gramercy Park, Manhattan. The three (3) prime commercial spaces occupy the entire base of the building, situated at the southwest corner of East 23rd Street and First Avenue. With ~200’ of wraparound corner frontage, the Property offers exceptional visibility and access to a diverse customer base of residents, professionals, and students from nearby institutions.</li></ul> | |
| Notes sur la vente | |
| Manhattan’s retail market has demonstrated impressive resilience and growth <br> throughout 2025 and into Q1 2026, with key leasing metrics indicating a strong <br> recovery. The annualized average prime asking rents in Manhattan’s retail <br> corridors rose by 6.7% year-over-year, while direct ground floor availabilities <br> across the borough’s premier shopping areas hit a new record low of 13.7%. <br> This “top down” trend in retail leasing suggests that as prime locations become <br> fully occupied, we can expect increased leasing activity and rising rents in <br> quality neighborhood retail spaces along busy corridors such as First Avenue <br> and the 23rd Street thoroughfare.<br> <br> The fully occupied ground floor retail at 385 First Avenue in Midtown <br> exemplifies the strength of Manhattan’s retail resurgence. Gramercy’s diverse <br> mix of residents, office employees, medical industry professionals, and students <br> provides a robust customer base for the current tenants, while the area’s <br> reputation for both mainstream and boutique retail aligns with current trends <br> favoring convenient and unique shopping experiences. The success of these <br> retailers demonstrates the enduring appeal of well-positioned retail spaces in <br> high-traffic locations</li></ul> |
Faits sur la propriété
Les caractéristiques et les équipements suivants s'appliquent à l'ensemble du bâtiment. Les détails relatifs aux unités de copropriété individuelles peuvent varier et figurent dans les informations concernant les unités ci-dessus.
Commodités
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Centre de conditionnement physique
- Gestionnaire d'immeuble sur place
- CVCA contrôlé par le locataire
- Portier
- Salles de jeux
- Grill
- Service d'emballage
- Pistes cyclables/Piétonnières
- Terrasse sur le toit
- Ascenseur
- Lounge
- Entretien sur place
- Solarium
Exceptionnellement practicable à pied
100/100
Assez facile d'accès en voiture
50/100
Transports en commun exceptionnels
100/100
Exceptionnellement practicable à vélo
90/100
1 de 7
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
385 First Ave - Retail Condominium at CODA
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