158 Franklin Street
New York, NY
Overview
Summary
- Asking Price $3,750,000
- Cap Rate 7.84%
- Units 2 Total Unit(s)
- Unit Size 3,363 SF
Avison Young, as exclusive agent, is pleased to offer for sale a fully leased retail condominium located at 158 Franklin Street (the “Units”, “Unit A”, “Unit B”). The skylit Units boasts a total of 3,363 square feet of space across the ground and selling lower level which features a small abutting rear yard. Unit A comprises 1,706 square feet on the ground floor. Unit B comprises 1,657 square feet on the lower level and can be accessed via an internal staircase or an elevator that connects through residential lobby. The Units is situated at the base of a boutique, 6-story residential condominium building between West Broadway and Hudson Street in the ultra-desirable Tribeca submarket.
Investment Highlights
Dense residential and retail area bringing in heavy foot-traffic
Sellable lower level with internal staircase and elevator access
Currently occupied providing immediate cash-flow
Investor opportunity / future end user potential
Convenient access to the Unit through multiple transportation options
Located in the Tribeca South Historic District
