A 25%
limited partner interest in a five story loft building that has 24' 3"
of frontage on one of the strongest retail blocks in SoHo. There is also
a fully built basement and sub-basement, adding an additional 4,412 SF.
Currently the partner selling receives 25% of the income from the
retail and the income from the 4th floor. The retail is at a fraction of market, as AT&T recently
signed a lease for 1,900 NSF at 530-32 Broadway for about $515/NSF.
Rents in the areas have now been quoted at upwards of $600/NSF. There
are also additional air rights available which could be utilized if
approval is given by Landmarks.
Click here for listing details.
Neighborhoods: SoHo/ Agents: Robert Burton