261 Broadway 14,262 SF Retail Condo Unit in New York, NY 10007
INVESTMENT HIGHLIGHTS
- Premier corner retail on Broadway and Warren Street provides investors the opportunity through lease-up along this busy Broadway corridor.
- Premier location known for its upscale shopping and dining options
- Current tenant, De Janiero, provides immediate cashflow to investors.
EXECUTIVE SUMMARY
With 215’ of frontage along Broadway and Warren Street, the property benefits from significant foot traffic and excellent transit accessibility, mere steps away from the 1, 2, 3, 4, 5, 6, R, W, and J, Z subway lines and the Fulton Center Retail Complex. This high visibility location offers prospective purchasers an exceptional opportunity to own a retail asset holding untapped value in one of Manhattan’s most desirable sub markets.
PROPERTY FACTS
| Unit Size | 14,262 SF |
| No. Units | 1 |
| Total Building Size | 111,474 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 12 |
| Typical Floor Size | 7,620 SF |
| Year Built | 1915 |
| Lot Size | 0.25 AC |
1 UNIT AVAILABLE
Unit RET-A
| Unit Size | 14,262 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
SALE NOTES
Meridian Investment Sales is pleased to present the exclusive offering for the retail condominium at 261
Broadway. Perched on the busy corner of Broadway and Warren Street at the base of a luxury residential
building, the retail condominium spans 14,262 SF with over 8,500 SF of grade level retail space directly
across from Zuccotti Park and City Hall.
The asset is currently occupied by De Janeiro, an affordable women’s fashion brand, with over 3,000 SF. The
tenant has another 3.5 years remaining on their lease with no extension options on their lease, providing a
mark-to-market opportunity upon lease expiry in 2028.
Bank of America, who had been in this location since the early 2000s, recently vacated 5,500 SF on the tony
corner with significant street level exposure. The property is not landmarked - providing savvy investors
the ability to create store frontage along Warren Street and lease smaller, more efficient tenant spaces and
to capture higher rents. In addition to this valuable corner lease-up opportunity, investors can collect
additional cash flow through the leasing of the 5,750 SF of lower level space.
Floor Plan
Interior Photo
Interior Photo
Interior Photo
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Public Transportation
ZONING
| Zoning Code | C5-3 (Central Commercial District with Continuous Retail Frontage intended for Offices and Retail Establishments that Serve the Entire Metropolitan Region.) |
