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301 3rd Ave, New York, NY 1489 2nd Ave, New York, NY 2322 Broadway, New York, NY
Naftali Retail Portfolio
Asset ClassRetail
overview of deal

Overview

Avison Young, as exclusive agent, is pleased to offer for sale the retail condominium portfolio at 2322 Broadway, 1489 Second Avenue, and 301 Third Avenue.

 

2322 Broadway is comprised of two ground floor retail units with below-grade space totaling approximately 5,814 rentable square feet and are fully leased under brand new, 10-year leases to Sundays Studio (Unit A) and Pura Vida (Unit B), delivering stable, long term cash flow with minimal near-term rollover risk.

 

1489 Second Avenue comprises a single ground-floor retail unit totaling approximately 1,650 rentable square feet, fully leased to Salt & Straw under a brand new, 10-year lease, delivering immediate, long-duration cash flow with minimal nearterm rollover risk.

 

301 Third Avenue comprises a single groundfloor retail unit totaling approximately 3,096 rentable square feet with 15-foot ceiling heights and approximately 135 feet of wraparound frontage, and is s fully leased to CorePower Yoga under a brand new, 10-year lease, delivering immediate, long-duration cash flow with minimal near-term rollover risk.

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Investment Highlights

  • BRAND NEW 10-YEAR LEASE — IMMEDIATE CASH FLOW
  • NATIONALLY & LOCALLY RECOGNIZED, BRAND-FORWARD TENANTS
  • FLAGSHIP-CALIBER SPECIFICATIONS
  • IRREPLACEABLE MANHATTAN LOCATIONS
  • TROPHY ARCHITECTURE & ADDRESS
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301 3rd AveNew York, NY 10010

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