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111 Murray St
2,700 SF Retail Condo Units Offered at $2,900,000 Per Unit in New York, NY 10007
Investment Highlights
- Prime Tribeca Corner Luxury High-Rise
- Ask: 6.3% CAP w/ annual increases
- 100% Occupied Retail w/ long leases
Executive Summary
Rare Sale, Prime Tribeca corner location in a new construction luxury high-rise. 2 separate condos with 2 tenants, 100% occupied w/ annual increases. Rare outdoor plaza for clients of the business, located on a busy corner. NOI: $189k, Price: $3 million / 6.3% CAP Rate Contact Josh for more info: Jg@highcapgroup.com
Property Facts
| Price | $2,900,000 | Building Class | A |
| Unit Size | 2,700 SF | Floors | 63 |
| No. Units | 2 | Typical Floor Size | 6,000 SF |
| Total Building Size | 433,000 SF | Year Built | 2018 |
| Property Type | Multifamily | Lot Size | 0.71 AC |
| Property Subtype | Apartment |
| Price | $2,900,000 |
| Unit Size | 2,700 SF |
| No. Units | 2 |
| Total Building Size | 433,000 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 63 |
| Typical Floor Size | 6,000 SF |
| Year Built | 2018 |
| Lot Size | 0.71 AC |
2 Units Available
Unit 1 Retail
| Unit Size | 2,700 SF | Sale Type | Investment |
| Price | $2,900,000 | Cap Rate | 6.50% |
| Price Per SF | $1,074.07 | NOI | $188,567 |
| Condo Use | Retail |
| Unit Size | 2,700 SF |
| Price | $2,900,000 |
| Price Per SF | $1,074.07 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $188,567 |
Description
2 ground floor retail condos
Sale Notes
Ground floor retail condos, 100% occupied w/ annual increases, outdoor plaza access, busy Tribeca corner
Unit 2 Retail
| Unit Size | 2,700 SF | Sale Type | Investment |
| Price | $2,900,000 | Cap Rate | 6.50% |
| Price Per SF | $1,074.07 | NOI | $188,567 |
| Condo Use | Retail |
| Unit Size | 2,700 SF |
| Price | $2,900,000 |
| Price Per SF | $1,074.07 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $188,567 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 755 |
| 1+1 | 37 | - | 792 - 829 |
| 2+2.5 | 60 | - | 1,593 |
| 3+3.5 | 40 | - | 2,221 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Concierge
- Fitness Center
- Pool
- Property Manager on Site
- Sauna
- Spa
- Waterfront
- Doorman
- Gameroom
- Media Center/Movie Theatre
- Package Service
- Bicycle Storage
- Elevator
- Lounge
- Maintenance on site
- Green Community
zoning
| Zoning Code | C6-4 |
| C6-4 |
Presented by
111 Murray St
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