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108-110 4th Ave
New York, NY 10003
108-110 4th Avenue · Retail Property For Sale
Investment Highlights
- Conveniently located near public transportation
- Short walk away from multiple retailers, restaurants, and cafe's
Property Facts
| Total Building Size | 104,722 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,409 SF |
| Property Subtype | Apartment | Year Built | 1982 |
| Building Class | B | Lot Size | 0.40 AC |
| Zoning | C6-1 - Community Commercial and Residential | ||
| Total Building Size | 104,722 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 7 |
| Typical Floor Size | 4,409 SF |
| Year Built | 1982 |
| Lot Size | 0.40 AC |
| Zoning | C6-1 - Community Commercial and Residential |
1 Unit Available
Unit Ground & L
| Unit Size | 25,498 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail |
| Unit Size | 25,498 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
Description
Colliers has been exclusively retained to market the sale of the block-through commercial condominium unit at 808 Broadway (including 108-110 4th Avenue) in the NoHo neighborhood of Manhattan, NY (the “Property”). Located at the base of the Renwick Condominium, the 7-story, 61-unit residential condominium building. Originally completed in 1888, this pre-war building was designed by James Renwick, the famed architect responsible for St. Patrick’s Cathedral and the adjacent Grace Church.
The offering features two retail spaces; 808 Broadway - a 25,498 square foot commercial condominium of which 8,723 square feet is on the ground floor, and 108-110 4th Avenue - a non-contiguous 2,364 square foot commercial condominium of which 1,734 square feet is located on the ground floor. With storefronts on Broadway and 4th Avenue between East 11th and East 12th Streets, the Property enjoys excellent proximity to Union Square Park, Astor Place, and Washington Square Park where one can shop, dine and exercise at some of New York’s finest boutiques, restaurants and fitness studios as well as take in some of New York’s best Off-Broadway Shows like Titanique and Blue Man Group and Wegman’s first Manhattan location.
Situated on the borders of Manhattan’s Union Square, Greenwich Village, NoHo and East Village neighborhoods, The Property’s highly desirable location is home to unique residential buildings, chic art galleries, fine dining, world renowned fitness studios, higher educational institutions and modern/spacious grocery stores which has attracted artists, celebrities, wealthy professionals and students to live and shop.
808 Broadway is well-connected with abundant public transportation options, including the 4/5/6, N/Q/R/W, F and L trains, numerous busstops, and CitiBike terminals just steps away
Sale Notes
ASSUMABLE FINANCING AVAILABLE Seller is offering a buyer the ability to assume the existing note which features below market interest payments.
UNIQUE BLOCK-THROUGH POSITIONING The Property sit at the base of The Renwick, a luxury, block through condominium building that offers dual storefronts on both Broadway and 4th Avenue. This distinguishing feature will allow the Properties to command higher rents relative to comparable spaces.
SIGNIFICANT RENT UPSIDE & INPLACE CASH FLOW The current tenant at 808 Broadway signed a short-term, below-market lease, offering in-place cash flow to cover carry costs while new Owner finalizes business plan and rent upside upon lease expiration.
HIGH CEILINGS WITH AMPLE LOWER-LEVEL STORAGE SPACE 808 Broadway features 14-16 foot ceilings on grade and over 15,000 square feet of convenient lower-level storage space perfect for an owner/operator or an investment grade tenant.
DESIRABLE NOHO / UNION SQUARE / GREENWICH VILLAGE LOCATION The neighborhood is home to wealthy individuals and celebrities, giving it the distinction of having one of the wealthiest zip codes in the country.
HIGHLY TRAFFICKED CORRIDOR The Property is adjacent to retail destinations in Wegman’s, Flight Club, Target, and Whole Foods, as well as the luxury residential building at The Stewart House and the new office building at 799 Broadway, ensuring consistent foot traffic and demand for the Properties’ retail tenant.
EXCEPTIONAL PUBLIC TRANSIT The Properties offer exceptional public transportation options with short walks to the 4/5/6, N/Q/R/W, F and L subway lines. In addition, the Union Square/14th Street subway station is the third largest transportation hub in New York City serving over 35 million travelers annually
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 67 | - | - |
