Overview
Avison Young, as the exclusive agent, is pleased to offer for sale the Manhattan Retail Collection, an exceptionally rare opportunity to acquire a portfolio of nine retail condominiums (“the Units”) totaling 113,202 square feet across Manhattan’s most dynamic and prestigious submarkets—including Financial District, Chelsea, Midtown East, Tribeca, Midtown South, Murray Hill, and Flatiron.
Currently 92% occupied, the portfolio generates strong in-place cash flow with immediate upside through lease-up of vacant units and strategic repositioning of below-market leases nearing expiration. With a Weighted Average Lease Term (WALT) of 5.00 years, investors benefit from both secure near-term cash flow and timely value-add potential.
Investment Highlights
Strategically Located
Positioned in high-traffic retail corridors with exceptional demographics, transit connectivity, with dense residential and office population
Substantial Scale
Rare opportunity to acquire over 100,000 SF of investment-grade retail in a single transaction
Institutional-Quality Tenancy
Anchored by nationally and internationally recognized brands including FedEx, Ligne Roset, BonChon, European Wax Center, Hanmi Bank, D’Agostino Supermarket, The Men’s Wearhouse, and Blick Art Materials
Compelling Value-Add Potential
Lease-up opportunities and rent reversion provide compelling upside in a supply-constrained market with strong long-term fundamentals
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