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2 Thomas StNew York, NY 10007
2 Thomas Street
Asset ClassLand, Mixed Use
overview of deal

Overview

BKREA has been retained on an exclusive basis to arrange for the sale of 2 Thomas Street (“The Site”), a rare mixed-use redevelopment opportunity in the heart of the Tribeca neighborhood in Manhattan. The site is located on the southwest corner of Thomas Street and Broadway and boasts roughly 65 feet of frontage along Broadway and 105 feet along Thomas Street.

 

In its current state, 315 Broadway (Lot 29) is a five-story landmarked building, while 2 Thomas Street (Lot 28) is a vacant two-story commercial building that formerly housed a McDonald's. The site will be delivered completely vacant, allowing prospective developers the opportunity to demolish the rear portion of 315 Broadway and the full building at 2 Thomas Street.

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Investment Highlights

  • Ideal Corner Frontage - The roughly 105 feet of frontage along Thomas Street and 65 feet along Broadway enable the creation of efficient floor plates.
  • Approved Redevelopment - Ownership obtained approval for redevelopment plans conducted by Morris Adjmi Architects from the LPC.
  • Tremendous Light and Air - The corner positioning of the site ensures ample natural light and air, benefiting from exposure in three directions: north, south, and east.
  • Favorable Tribeca Location - The site will allow developers to benefit from Tribeca’s exceptional neighborhood demand drivers.
  • Prime Retail Frontage - The plans include retail at the base, enabling a prospective developer to capitalize on the premier Broadway retail corridor.
2 Thomas StNew York, NY 10007

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Listing provided by Revere CRE