PROPERTY HIGHLIGHTS
•Ideal 1031 exchange property
•Ground floor commercial unit with 19-20’ ceilings
•Brand-new 2020 construction luxury condominium building
•Desirable location along Chrystie Street, across the street from Sara D. Roosevelt Park
•Just 2 block to the Bowery J/Z subway station and the 2nd Avenue F subway station
TENANT/LEASE INFORMATION
•The Athletic Clubs-A group of private athletic clubs that emphasizes community and social interaction
•Founded in 2021
•Currently has 5 locations in Manhattan, 1 in Brooklyn, and 1 in Hoboken, NJ, with over 1,000 members
•Ten Year Lease with One 5-year Option
•3% Annual Increases
•Corporate and Personal Guaranty