212-655-0678
88 Greenwich St, New York, NY for Sale
Apartments - FOR SALE
1/24
null | Request Cap Rate

88 Greenwich St
New York, NY 10006
Financial District


OVERVIEW

Two Retail Condos Totaling 60,393 Rentable SF Across Two-Stories | 52,738 Above Grade SF + 7,655 SF of Usable Basement - Strong In Place Cash Flow with Additional Upside – 74% of NRA Leased to Investment Grade Credit - 11.9 Years WALT Remaining - Option to Assume Accretive Financing - Ideal Corner Location boasting over 450’ of Wraparound Frontage Along Greenwich, Rector and Washington Streets - Situated at the Base of the Ultra-Luxury Condominium Building, Greenwich Club Residences - Opportunity to Hand Pick Additional Tenancy and Establish Long Term, Stable Cash Flow - 11,390 SF of Highly Leasable Vacant Retail Space - 2 of the Vacant Spaces are Second Generation Restaurant Space - Located in the Heart of the Financial District just Two Blocks South of the World Trade Center - Unparalleled access to local transit as it is directly adjacent to the Rector Street subway stop and minutes away from several subway stations servicing the 1, R, W, 4 & 5 lines

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

2

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retail Only

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

C6-4CR

APN/PARCEL ID

0018-1040,0018-1066,0018-1070,0018-1073,0018-1078,0018-1083,0018-1089,0018-1094,0018-1096,0018-1099,0018-1100,0018-1103,0018-1112,0018-1115,0018-1122,0018-1124,0018-1154,0018-1164,0018-1165,0018-1176,0018-1180,0018-1183,0018-1184,0018-1185,0018-1191,0018-1194,0018-1196,0018-1197,0018-1198,0018-1199,0018-1213,0018-1214,0018-1233,0018-1238,0018-1247,0018-1256,0018-1260,0018-1261,0018-1262,0018-1263,0018-1271,0018-1276,0018-1307,0018-1331,0018-1337,0018-1367,0018-1368,0018-1370,0018-1378,0018-1393,0018-1405,0018-1408,0018-1410,0018-1414,0018-1421,0018-1424,0018-1428,0018-1432,0018-1445,0018-1448,0018-1450,0018-1451,0018-1452

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Christine FellingNewmarkMore Info
212-655-0678

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Christine FellingNewmarkMore Info
212-655-0678

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