Massey
Knakal has been retained to sell the TriStar Portfolio, which includes
380-386 Broome Street, 9 Christopher Street and 55-59 & 61-63
Delancey Street (AKA 105 Allen Street and 142-44 Eldridge Street). The
offering consists of five mixed-use, walk-up buildings in the most
desirable downtown neighborhoods: The West Village, The Lower East Side,
and NoLIta. The properties have been well maintained, eliminating the
need for substantial capital expenditures. The TriStar Portfolio
delivers to an investor an immediate and dominant downtown position. It
stretches to 360’ of street frontage with a total of 100 residential
units and 14 fully leased retail units. The Delancey Street property
alone controls an entire block front with valuable exposure on Allen and
Eldridge Streets. The retail supplies strong in-place cash flow with
long term upside, while the residential offers great stability and
future potential.
Click here for listing details.
Neighborhoods: Greenwich Village, NoLIta, Lower East Side/ Agents: Michael DeCheser, Robert Burton