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265 BroadwayNew York, NY 10007
Tribeca | Premier Development Site
Asset ClassHotel & Hospitality, Multifamily
Tribeca | Premier Development Site | 150,000+ Buildable SF | Flexible Zoning
overview of deal

Overview

Meridian Investment Sales is pleased to present for sale 265-267 Broadway, a premier development opportunity located in the heart of Tribeca on Broadway between Warren & Chambers Street.

 

Ownership collaborated with H Architecture for plans to build a luxury hotel and a mixed-use condominium project.

 

Approved hotel plans include 95,768 square feet of rooming area & 31,063 square feet of event space & amenities. The plans total 167,430 gross square feet.

Proposed mixed-use condominiums plans include 37 residential condominium units, a restaurant, and two floors of amenity space. The proposed plans total 152,702 gross square feet.

 

Given the sustained demand for luxury living in Tribeca and consistent flow of affluent visitors seeking an upscale New York experience, this development opportunity is perfectly positioned for luxury hotel or residential condominiums.

 

Asking Price: $55,000,000

Residential: $360/PBSF | Hotel: $328/PBSF

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Investment Highlights

  • Between Warren & Chambers Street
  • Flexible Zoning | 150,000+ Buildable SF
  • Hotel (Approved Plans): 167,430 Buildable SF | 125,213 ZFA
  • Residential (Proposed Plans): 152,702 Buildable SF | 106,105 ZFA
265 BroadwayNew York, NY 10007

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Listing provided by Revere CRE