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200 E 83rd StreetNew York, NY 10028
200 E 83rd Street
Asset ClassRetail
200 E 83rd Street
overview of deal

Overview

Meridian Investment Sales is pleased to present the exclusive offering for the 5,652 GSF retail condominium at 200 East 83rd Street. At the base of a luxury, newly constructed asset, the opportunity consists of a 100% occupied retail condominium with over 200’ of wraparound frontage located at the southeast intersection of East 83rd Street and 3rd Avenue in the Upper East Side. The retail condominium features 3,088 SF of ground floor retail with an additional 2,564 SF of below grade space.

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Investment Highlights

  • Recently Executed Leases with a WALT of ~14 Years by Well Capitalized Tenants: NYU is one of the most well-respected, prestigious institutions in the city and Blank Street, with roughly $100 million of outside capital raised, has opened 40 locations in New York City since its founding in 2020.
  • Excellent Frontage & Visibility: Featuring over 200’ of wraparound corner frontage on 83rd and 3rd Avenue, allowing for excellent visibility and access to the retail space.
  • Prime Retail Corridor: Located at the southeast intersection of 83rd Street and 3rd Avenue within one of the city’s most dense residential corridors, surrounding retail neighbors include Just Salad, Juice Press, 7th Street Burger, Levain Bakery, and D’Agostino.
  • Strong Demographics: With a concentration of highincome individuals, luxury residences, high street retail and fine dining establishments, the Upper East Side boasts the highest median income in New York City.
200 E 83rd StreetNew York, NY 10028

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Listing provided by Revere CRE