The subject property
consists of two (2) 5-story mixed-use buildings located on the Southwest corner
of North Moore and Varick Street in TriBeCa. The ground floor commercial space
of both properties is interconnected and occupied by the famous neighborhood
restaurant, Walkers Grill and Bar. There are a total of eighteen (18)
residential apartments of which three (3) are studios, seven (7) are one
bedrooms and eight (8) are two bedrooms. The tenancy mix consists of seven (7)
are rent stabilized units, two (2) rent controlled units and nine (9) free
market units. The rent regulated units are currently renting for approximately
$20 per square foot and the free market units are currently renting for
approximately $49 per square foot indicating that on average the rent regulated
units are renting for approximately (57.3%) below market.
The property is
landmarked and lies in the TriBeCa West Historic District. Neighboring famous
restaurants include Bouley, Nobu, Thalassa and Churrascaria.
Click here for listing details.
Neighborhoods: TriBeCa