206 Spring St - Office FOR SALE


New York, NY 10012- SoHo
$15,950,000 USD
212-230-5998
206 Spring St, New York, NY for Sale
$15,950,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

206 Spring St
New York, NY 10012
SoHo


HIGHLIGHTS

  • 100% Leased
  • 4.0 Years of WALT
  • Strong Retail Tenant
  • Premier Soho Location
  • Diverse Tenancy

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale the 13,860 square foot boutique commercial building located at 206 Spring Street (the “Property”). The Property is currently 100% occupied and features a stable income stream with a weighted average lease term (WALT) of 4.0 years. The national Japanese and Wagyu barbecue restaurant, Chubby Cattle, anchors the property and the upstairs office tenants include a pilates studio, a collaborative workspace, and a dental office. 206 Spring Street represents a rare opportunity to acquire a high performing asset in a premier downtown location with stable income, strong fundamentals, and significant barriers to entry.

FOR SALE DETAILS

PRICE

$15,950,000 USD

PRICE/SF

$1,038 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

M1-5B, New York

APN/PARCEL ID

0490-0023

ASK ABOUT THIS PROPERTY

Brandon PolakoffAvison YoungMore Info
212-230-5998

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Brandon PolakoffAvison YoungMore Info
212-230-5998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.