The Reel

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This four-story mixed use Greenwich Village property contains one ground floor retail unit and two residential units above. Located on a 15.67' x 66' lot, the property is approximately 2,608 square feet with about 1,025 square feet available in air rights. Currently, the ground floor lease rents at about $95/SF which is less than 50% of market rate, offering a substantial upside as retail rents to the north achieve upwards of $700/SF.

With the retail lease expiration in August 2009 and potential for newly renovated residential units being delivered vacant, the property would be ideal for an investor or live/investor.

Click here for listing details.

Neighborhoods: Greenwich Village