Overview
Newmark has been retained on an exclusive basis to arrange for the sale of 99 Hudson Street, New York, NY (“The Property”), a 34,742 square foot office condominium spanning the top three floors of a 17-story, Landmark commercial building located on the southwest corner of Franklin and Hudson Streets in the heart of Tribeca. The property is 74.3% NRA leased with a combined weighted average lease term of 5.3 years.
The property comprises three full floors of premium office space with a desirable combination of stabilized in-place income and high-end vacancy offering immediate upside potential. Floor 15 totals a rentable area of 12,119 SF, including 3,175 SF leased to Tribeca Venture Partners (9.1% of NRA and 12.6% of Revenue) with 4.4 years of remaining term, and 8,944 SF of luxury prebuilt space currently available for lease. Floors 16 and 17, totaling 22,623 SF, are fully leased to Ethic, Inc. (65.1% of NRA and 87.4% of Revenue), an investment advisory firm with 5.4 years of remaining term. The property also benefits from its prestigious full-floor layouts, modern interiors, and proximity to Tribeca’s top-tier amenities, including the high-end Tamarind Tribeca restaurant located at the base of the building.
Located in Manhattan’s highly coveted Tribeca neighborhood, 99 Hudson Street offers an unrivaled mix of lifestyle, transit, and institutional access. The building is positioned just one block from the 1 and 2 trains at the Franklin Street subway station, enabling convenient access to Midtown, Brooklyn, and the greater NYC metro area. Tribeca is home to a diverse mix of employers, boutique investment firms, media companies, and creative agencies, as well as educational institutions like NYU and Borough of Manhattan Community College. The property is also within walking distance of Hudson River Park, Washington Market Park, and renowned cultural institutions such as the Tribeca Film Center. Surrounded by luxury residential developments, award-winning restaurants, and global retail brands, 99 Hudson Street offers a rare opportunity to invest in one of the most in-demand office markets in Manhattan.
Please direct all inquiries to Newmark.
Investment Highlights
Unique Opportunity to Acquire 34,742 SF Office Condominium in Prime Tribeca Location Offering includes the top three floors of a 17-story building, totaling 34,742 NRA of premium office space in one of Manhattan’s most desirable submarkets.
Strong In-Place Cashflow with Upside - 74% NRA Leased to Investment-Grade Tenancy
Ethic, Inc. and Tribeca Venture Partners occupy 25,798 SF with a combined weighted average lease term of 5.4 years.
Immediate Upside via Vacant Luxury Office Suite
8,944 SF of prime prebuilt office space on the 15th floor is vacant and ready for lease-up, providing near-term revenue growth.
Prestigious Tenant Experience Above Tamarind Tribeca Tenants enjoy upscale amenities and branding above a Michelin-recognized restaurant, reinforcing the building’s high-end profile.
Excellent Physical Characteristics and Efficient Layouts with Full-Floor Identity Each floor offers exclusive elevator access, natural light from three sides, adaptable layouts appealing to boutique users, and recently upgraded HVAC systems.
Proximity to Multiple Subway Lines and Two Blocks from Holland Tunnel Located one block from the 1 and 2 subway lines at Franklin Street, with additional access to the A, C, and E lines nearby.
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