105 Chambers Street (aka 150-170 Church Street)

TriBeCa, New York, New York 10007

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Listing ID Number

25290

Property Description

Cushman & Wakefield has been retained on an exclusive basis to sell the block front retail condo located at 105 Chambers St. spanning the entire west side of Church St. from Chambers to Reade delivering high visibility via 175 feet of wraparound frontage.

The condo is comprised of 11 ground floor boutique-size food and service-oriented units ranging in size from approximately 200 to 900 SF each, plus a 5,873 SF fitness center located on the lower level. The current and future tenant mix caters to virtually every consumer group present in Lower Manhattan’s diverse neighborhood.

Lower Manhattan continues its astounding transformation into what is arguably the most dynamic Manhattan sub-market, resulting from over $30 Billion in public and private investment over the last decade. The purchasing power and foot traffic present Downtown will drive long-term retail success at 105 Chambers Street because its characteristics are well-aligned with emerging and evolving retail industry trends.
The site has all of the essential ingredients of successful retail:

1) High-volume pedestrian and vehicular traffic

2) High visibility from two corners and wraparound frontage

3) Consumer group of tourists, office workers, residents, and students

In addition to these retail fundamentals, today’s urban marketplace is demanding more efficiency from smaller “boutique” retail venues, maximum value, and reduced risk of turnover. Every aspect of 105 Chambers Street suggests that the asset is perfectly positioned for success in today’s retail marketplace delivering a rare win-win for both owner and tenants.

Overview

Building Type:Commercial Condo/Co-op

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Guillermo Suarez
Senior Director
(212) 660 7753
will.suarez@cushwake.com

Maurice Suede
Associate Director
(212) 589 5131
maurice.suede@cushwake.com

Sean Rucker
Senior Associate
(212) 589 5113
sean.rucker@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.