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Grnd Floor - Unit Retail
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Retail
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2,932 SF
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$11,500,000 USD
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Unit Size: 2,932 SF
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Condo Use: Retail
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Price: $11,500,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $3,922.24 USD
Description
Kassin Sabbagh Realty (KSR) has been entrusted with the sale of the retail condominium located at 158 Wooster Street, New York. The Property occupies the southeast corner of Wooster Street and Houston Street in SoHo, widely regarded as New York City’s premier retail destination. This prestigious 3,958 square foot is currently leased and guaranteed by Bulthaup, an esteemed luxury designer and manufacturer renowned for its custom kitchens and living spaces. Serving as Bulthaup’s flagship New York City store for over 13 years, the Property features an impressive 105 feet of frontage. Renovated in 2019, the Property stands out as a distinguished landmark along one of the city’s most bustling thoroughfares. It’s situated at the base of an eight-story luxury condominium development consisting of fifteen units and benefits from exceptional demographics and its prime location amidst flagship retail establishments for globally recognized brands like Bloomingdales, Prada, Zara, Uniqlo, and T.J. Maxx. The Property enjoys unparalleled exposure and foot traffic with an estimated daily traffic count exceeding 57,000 vehicles, it is strategically positioned near several subway stations – Prince Street, Broadway-Lafayette Street, Bleecker Street, and Spring Street. Lastly, the Property’s surrounding area boasts a dense population, with over 54,000 residents living within a half-mile radius, boasting an average household income surpassing $228,000 annually.
Sale Notes
• Outstanding Location with High distinctive value
• Strong Lease & Guaranty - Lease Expiration January 31, 2030. 3% Increases annually
• Premier Market Demographics
• Wraparound Frontage of 105’ (63’ on Houston & 42’ on Wooster)
• Ceiling heights: 14’ (Ground Floor) / 10’ (Lower Level)
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Jeff Geoghegan
Kassin Sabbagh Realty
