Retail Condo or Entire Building for Sale.
Located on
the west side of Broadway between Bleecker and Bond Street, this
mixed-use, elevatored building has a retail tenant on the ground floor,
which is currently occupied by Shoe Mania with a long term lease
expiring in 2028. There is one JLWQ unit above which is vacant and six
rent stabilized units. The average in-place residential rents are
$1,079/month, which are a fraction of market. As per the lease, if Shoe
Mania does not exercise its right to purchase the retail condominium
the rent shall immediately reset to $770,000/year for year one with 3%
increases starting in year 2 for the remainder of the lease.
Click here for listing details.
Neighborhoods: NoHo/ Agents: Michael DeCheser