Overview
RIPCO REAL ESTATE has been exclusively retained to market the leasehold position in the ground floor commercial space within the co-op building located at 434 GREENWICH STREET—TriBeCa, NY 10022 for sale (The ’Property’).
The Property is situated on the southwest corner of Greenwich Street and Vestry Street, at the base of a luxury residential co-op building. The Property is in the heart of the North Tribeca Historic District on a prime corner in one of the country’s most expensive zip codes, and offers approximately 4,500sf of above-grade space as well as 1,000sf of below-grade space across two subdivided commercial spaces.
With 55.5 years remaining on the leasehold and the corner unit being delivered vacant, the Property presents owner-occupiers with the rare opportunity for a presence in New York City’s most sought-after neighborhood.
Investment Highlights
High-Vacancy Retail
Currently ~73% vacant creating a value-add opportunity for an investor or user.
Prime Exposure & Visiblty
Wrap around frontage along Greenwich Street and Vestry Street.
Long-Term Leasehold
There are 55.5 years remaining on the leasehold, allowing a new owner to capitalize on a long-term presence in the Tribeca's affluent "gold coast."
Idea Tribeca Neighborhood Location
Situated on a prime corner in one of the country's most expensive zip codes and is in proximity to many national and local retailers and notable art galleries.
Photo Gallery
Exclusive Agents
