A mixed-use building at 171-173 West Broadway, located on the corner of Worth Street and West Broadway in Manhattan’s TriBeCa neighborhood, was sold in an all cash transaction valued at $4,200,000.
The five-story property is approximately 6,500 square feet and sits on a 26’ x 50’ lot. The ground floor retail space is approximately 1,100 square feet and the basement is approximately 600 square feet. All five floors may be used as commercial or residential. The property was sold to an international buyer for approximately $640 per square foot.
“The buyer plans to convert the property to residences and lease the retail unit and part of the basement,” said Massey Knakal Director of Sales Nick Petkoff who exclusively handled this transaction.
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Neighborhoods: TriBeCa