The Reel

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A blog for breaking sales and neighborhood real estate news.

A commercial condominium unit at The Cove Club Retail at 2 South End Avenue C-1, located in Manhattan’s Battery Park, was sold in an all cash transaction valued at $3,600,000.

The condo unit consists of three retail units within a nine-story condominium building that covers an entire street block. The units are currently occupied by a national tenant – Kumon Learning Center, a dry cleaner and a local ballet school. The unit is approximately 3,785 square feet.  The sale price equates to approximately $950 per square foot.

An additional 13,400 square foot unit is also available in the building; the asking price is $6,500,000.

“A new 125,000 square foot public school just opened its doors a block away at 55 Battery Place, bringing additional foot traffic to the property,” said Massey Knakal Director of Sales Nick Petkoff who exclusively represented the seller in this transaction.

Click here fore press release

Neighborhoods: TriBeCa