40 Rector St 575,187 SF 98% Leased Office Building New York, NY 10006 For Sale
INVESTMENT HIGHLIGHTS
- Long term NYPD lease in place
- City credit with limited expenses
- 100+ ft' of wraparound frontage
- Excellent corner retail condo
EXECUTIVE SUMMARY
unit ground floor retail condominium located at 100 Washington
(the “Unit”) with one long term tenant. The ground floor unit is
located on the corner of Washington and Rector Street. The
total unit is 4,412 square feet. New York City Police Department
occupying 4,412 square feet with more than 100 feet of
frontage.
NYPD is responsible for 100% of the base real estate taxes and
increases as well as 100% of the increases in CAM and utilities.
The Property is conveniently located in the heart of the
Financial District, close to numerous local attractions such as
the World Trade Center, Brookfield Place, the Hudson River
Walkway, South Street Seaport, and a wide variety of excellent
dining, shopping, and entertainment options. In addition, 100
Washington Street is conveniently located near several subway
stops, providing easy access to the remainder of Manhattan
and Brooklyn.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
AMENITIES
- 24 Hour Access
- Atrium
- Property Manager on Site
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- -
- -
-
Lorem Ipsum
-
Jan 0000
Since 1904, Big Brothers Big Sisters has upheld the belief that every child possesses incredible potential. As the nation’s largest donor- and volunteer-supported mentoring network, the organization creates meaningful, monitored matches between adult volunteers, known as "Bigs," and children, referred to as "Littles," ranging from ages 5 through young adulthood in communities across the country. Through the development of positive relationships, Big Brothers Big Sisters fosters connections that have a direct and lasting impact on the lives of young people.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Condo available for lease or sale. Immediate possession. Plug and play. Available furnished. Flexible term options.
Office Condo Available for Lease Flexible Lease Term Built/Furnished Collaborative Space Close Proximity to J,Z,R,W,1,2,3,4,5 Subway Lines RE Tax Exemption for Non-Profits
| Space | Size | Space Use | Condition | Available |
| 11th Fl-Ste 11B | 6,295 SF | Office | Full Build-Out | Now |
| 16th Floor | 30,000 SF | Office | Full Build-Out | 30 Days |
11th Fl-Ste 11B
| Size |
| 6,295 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
16th Floor
| Size |
| 30,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $29,855,171 CAD | |
| Land Assessment | $11,060,926 CAD | Total Assessment | $40,916,097 CAD |
