This Retail Property is Off-Market.

1 Wall Street Court
New York, NY 10005 ·

11,500 SF · Retail For Sale

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Manhattan Retail Condominiums

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 11,500 SF Cap Rate 6.04%
Property Type Retail Tenancy Multiple
Property Sub-type Restaurant
Listing ID: 17965873 Date Created: 01/03/2013 Last Updated: 06/24/2013

Description

The Property is currently under a 421-g Real Estate Tax Abatement, which 100% exempts the property from Real Estate Taxes until July 2016.

Located in the Financial District, 1 Wall Street Court is a remarkably restored neo-Renaissance style building tucked away just south of Wall Street, where Pearl and Beaver Streets converge. Completed in 1904, the building is landmarked as a notable example of a medium-height, turn-of-the-century skyscraper on the narrow streets of lower Manhattan. The flat-iron shaped structure is renowned as home to the New York Cocoa Exchange from 1931 to 1972. This was the world' s first and foremost cocoa futures market amidst the United States' emergence as the world' s largest cocoa consumer.

The subject property is a rare opportunity to acquire two floors of a historical New York City landmark. Located at 1 Wall Street Court, New York, NY, this property is at the juncture of Beaver and Pearl Streets in the Manhattan Financial District. One Wall Street Court, previously known as Beaver Building, is a historically renowned 15-story steel-framed, original flatiron building.

This property benefits from its location, with nearly 100,000 people residing within a 1-mile radius of the location, and more than 800,000 residents within a 3-mile radius.

The daytime population within a 1-mile radius of the subject restaurants is more than triple the amounts of residents in the area at a booming 300,000 people. Within the same area, average household income is an astonishing $150,000+, more than double the national average. Haru and Fino is just a short walk from all various major subway locations, with the 2, 3, A, and C trains all within 5 blocks of the restaurants.

Research

1 Wall Street Court, New York, NY 10005 (New York County)

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