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261 Broadway
New York, NY 10007 Tribeca

Price Upon Request

Apartments Condo For Sale  •  14,262 SF

Property Details

  • Property Type Apartments
  • Total Building Size 111,474 SF
  • Lot Size 0.25 AC
  • Building Class B
  • Year Built 1915
  • Zoning C5-3
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Bsmt Floor - Unit RET-A Retail 14,262 SF Price Upon Request
  • Unit Size: 14,262 SF
  • Condo Use: Retail
  • Price: Price Upon Request
  • Sale Type: Investment or Owner User
Sale Notes
Meridian Investment Sales is pleased to present the exclusive offering for the retail condominium at 261
Broadway. Perched on the busy corner of Broadway and Warren Street at the base of a luxury residential
building, the retail condominium spans 14,262 SF with over 8,500 SF of grade level retail space directly
across from Zuccotti Park and City Hall.
The asset is currently occupied by De Janeiro, an affordable women’s fashion brand, with over 3,000 SF. The
tenant has another 3.5 years remaining on their lease with no extension options on their lease, providing a
mark-to-market opportunity upon lease expiry in 2028.
Bank of America, who had been in this location since the early 2000s, recently vacated 5,500 SF on the tony
corner with significant street level exposure. The property is not landmarked - providing savvy investors
the ability to create store frontage along Warren Street and lease smaller, more efficient tenant spaces and
to capture higher rents. In addition to this valuable corner lease-up opportunity, investors can collect
additional cash flow through the leasing of the 5,750 SF of lower level space.

Description 

With 215’ of frontage along Broadway and Warren Street, the property benefits from significant foot traffic and excellent transit accessibility, mere steps away from the 1, 2, 3, 4, 5, 6, R, W, and J, Z subway lines and the Fulton Center Retail Complex. This high visibility location offers prospective purchasers an exceptional opportunity to own a retail asset holding untapped value in one of Manhattan’s most desirable sub markets.

Highlights

Premier corner retail on Broadway and Warren Street provides investors the opportunity through lease-up along this busy Broadway corridor.
Current tenant, De Janiero, provides immediate cashflow to investors.
Premier location known for its upscale shopping and dining options

Property Flyers

Amenities

  • 24 Hour Access
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 6 min - 1.6 mi
Exchange Place (Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 12 min - 4.4 mi
Transit/SubwayDriveWalkDistance
City Hall (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 0 min 0 min 0.0 mi
Chambers Street (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 2 min 0.1 mi
Brooklyn Bridge-City Hall (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 3 min 0.2 mi
Park Place (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 0 min 3 min 0.2 mi
Chambers Street (1,2,3 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
AirportDriveWalkDistance
Laguardia 22 min - 11.4 mi
Newark Liberty International 20 min - 12.6 mi
John F Kennedy International 32 min - 19.6 mi
Chirag Doshi 212-612-0257 Meridian Capital Group, LLC
Chirag Doshi 212-612-0257 Meridian Capital Group, LLC