Your email has been sent.
109 Norfolk St 2,610 SF Retail Condo Unit Offered at $2,000,000 in New York, NY 10002
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Twenty-Three feet of frontage plus roll-down gate for security.
- Lots of natural light
PROPERTY FACTS
| Total Building Size | 12,307 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,051 SF |
| Property Subtype | Apartment | Year Built | 2014 |
| Building Class | B | Lot Size | 0.06 AC |
| Zoning | R7A C4-4A | ||
| Total Building Size | 12,307 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 2,051 SF |
| Year Built | 2014 |
| Lot Size | 0.06 AC |
| Zoning | R7A C4-4A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Elevator
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 2,610 SF | Sale Type | Investment or Owner User |
| Price | $2,000,000 | Cap Rate | 6.00% |
| Price Per SF | $766.28 | NOI | $120,000 |
| Condo Use | Retail |
| Unit Size | 2,610 SF |
| Price | $2,000,000 |
| Price Per SF | $766.28 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.00% |
| NOI | $120,000 |
DESCRIPTION
Prime Lower East Side Commercial Space Investment Opportunity! There is currently a Tenant in place already generating income. This duplex, open loft space is currently being used as a gallery, but has a ton of potential for other end uses. Large open space at (approx.) 2,610 square foot loft is sun-flooded with an oversized skylight and beautifully designed drop ceiling, featuring track lighting fixtures throughout the space. The mezzanine, accessed by an industrial staircase with metal railing opens up onto the lower floor to give a very bright and airy view of the lower level. The flooring is a neat concrete polished look, giving the entire commercial space an industrial chic feel to fit the neighborhood perfectly.
The store front space can be opened in its totality providing direct access to the Norfolk Street sidewalk with three large floor-to-ceiling windows, which are all retractable to the sides. The Switch Building pioneered modern architecture and luxury boutique living in the Lower East Side. This commercial space is attractive and extremely versatile with the potential to be anything from offices, any type of non-profit, or Community Use . Commercial space is designated/zoned as Community Use.
SALE NOTES
Prime investment opportunity in the Lower East side. There are many new modern commercial and residential buildings in this neighborhood. It is near the Essex Market,and there are a number of restaurants and boutiques close by. At present there is a tenant in place that has four years remaining on their lease. The space is in excellent condition. The condominium was built in 2014. There is one occupant per floor.
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Hollis Gallery |
-
|
Jan 0000
|
Presented by
Susan B. Anthony Real Estate
109 Norfolk St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.