Overview
Our Team has been exclusively retained to market for sale the leasehold of two ground-floor commercial condos located at 450 Washington Street #RETL 1 & RETL 2, Tribeca, NY 10013.
450 Washington Street is a full-block-front retail opportunity comprising two retail condominiums, stretching from Watts Street to Desbrosses Street in the heart of Tribeca. The retail condos are 3,006 SF and 3,307 SF, respectively, offering a combined 6,313 SF of retail space along Washington Street.
The southern retail unit is currently occupied by a coffee shop on a month-to-month basis, and the northern retail unit is occupied by a restaurant on a month-to-month basis. Both units will be delivered vacant at closing, offering maximum flexibility for an investor or end-user.
These condominiums are surrounded by high-end residential buildings and limited existing retail, offering an investor or user the opportunity to bring much-needed amenities to an underserved and highly affluent neighborhood.
For more information, please contact Exclusive Brokers directly.
Investment Highlights
~167’ of Wrap-Around Frontage
The property spans the full block along Washington Street between Watts Street and Desbrosses Street.
Delivered Vacant
The property will be delivered fully vacant, providing a unique opportunity for both an investor and end-user.
Prime Location
Located in New York’s most affluent zip code and offers direct access to the Hudson River Park and Greenway.
Leasehold
The sponsor has fully prepaid the leasehold, eliminating any future leasehold payment obligations. The lease term runs through April 2105.
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