8 Beach Street, New York, NY 10013

TriBeCa, New York, New York 10013

Listing ID Number

25525

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 8 Beach Street, an 8 story elevator property located in the heart of TriBeCa. The approximate 14,176 SF asset is currently configured with commercial tenants on the first three floors, and residential tenants on floors four and above. The second and third floor units can be converted to residential as per zoning. Lease roll overs begin 6/30/2018 until 3/31/2021, not including the AT&T antenna on the roof that has a lease until 2021 and the ground floor retail tenant who has a lease until 2028. All residential units are fair market besides a rent stabilized tenant on the seventh floor. The second floor commercial unit is currently vacant. The units feature high ceilings, oversized living and dining area, and large windows with incredible views of the city. Also, every unit has its own direct access into the unit from the elevator. The property is walking distance to the Franklin Street metro station with service on the 1 line as well as the Canal Street Station with service on the A, C, E metro station. In summary, potential investors are given a chance to own a mid-rise building with significant cash flow in one of the most exclusive sections in NYC.

Overview

Building Type:Mixed-Use Investment Buildings

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Guillermo Suarez
Licensed Real Estate Salesperson
(212) 660 7753
will.suarez@cushwake.com

John F. Ciraulo
Vice Chairman
(212) 660 7700
john.ciraulo@cushwake.com

Craig Waggner
Director
(212) 660 7744
craig.waggner@cushwake.com

Maurice Suede
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.