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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