Newmark has been exclusively retained to arrange for the fee simple sale of 381 Lafayette Street (the “Property” or “the Offering”) a rare opportunity to acquire a 27-foot-wide office building in the heart of Manhattan’s NoHo neighborhood. The Property has been owned and occupied by The Robert Rauschenberg Foundation since 1965 and will be delivered 100% vacant at closing.

The 9,200 square feet asset offers future ownership incredible investment flexibility. The property could be leased as-is to another user or converted to luxury rentals or boutique condominiums in one of the most desirable neighborhoods in Manhattan. The offering also presents over 25,000 square feet of available air rights as-of-right and is located directly adjacent to a future large-scale development site. Sale of the air rights to a neighboring site creates another potential stream of future income.

Located in the highly desirable NoHo neighborhood and squarely within NYU's south-west cluster, 381 Lafayette benefits from an immediate and durable base of tenants ranging from students to luxury condominium owners. The immediate area features a dense concentration of dining, retail, cultural institutions, and educational facilities, underpinning strong and diversified demand across residential and commercial uses. Accessibility is excellent, with nearby service from the R, W, 6, and F subway lines, providing convenient transportation throughout Manhattan and the outer boroughs.

All inquires should be directed to Newmark.