459-463 WASHINGTON St
New York, NY 10013
The John Watts · Multifamily Property For Sale · 12 Units

The Retail Condominium space at 459 Washington Street, also known as “The John Watts Condominium,” has recently come for sale on the market for $4,200,000 The property is listed exclusively by a longtime downtown Manhattan broker, Reza Namazi, proprietor of Namazi Real Estate. The layout of The John Watts Condominium is open but unique, with classic cast-iron details and a brick wall feature. With a true TriBeCa sensibility down to the storefront stairs, molding and cobblestone street -- the combination of modern and SoHo-inspired details of this space are memorable and masterful. Currently subdivided into two storefront galleries, the 4,000 SF space could either be combined or arranged so that one is for private use and the other space an income property for the new owner. The significant street frontage is notable as well: perfect for showcasing art, designer boutique displays, or otherwise aesthetically enticing inventory. The owner will have access to a private roof garden for the unit owners as well, providing an excellent opportunity for hosting upscale clientele or intimate events, and simply relaxing for a midday breath of inspiration. Beyond its beauty, the location in the hot creative hub of Hudson Square gives it an address for success. Neighbors include Spring Studios, Mr. Chow, Truffles TriBeCa, Cafe Greca, Indira Cesarine/The Untitled Space Gallery, The TriBeCa Film Festival. The influx of hotels such as the Arlo Hotel on Harrison Street and the Hugo Hotel on Greenwich Street is an indication of the area's need to accommodate tourists and business people alike. New Yorkers continue to flock to this area as well, given its proximity to the Hudson River Park and Chelsea Highline walking paths. The area is a favorite for in-the-know Manhattanites and newcomers looking for some respite amongst the bustling business-first mindset of Downtown. The creature comforts of the nearby West Village, combined with the access to unique shops and buzzy new restaurants, fuel the notion that the Hudson Square area is genuinely the investor’s gem in the city. Sophisticated residents of this neighborhood include East Coast outposts of Hollywood celebrities, Wall Street elite, and internationally renown art collectors. In other words, any business that opens its doors amongst such well-seasoned tastemakers is sure to gain recognition for its endeavors. Significant new developments in this area feature big-name expansions: namely Google’s $1-Billion new Manhattan Campus [555 Washington Street], as well as three new significant residential developments at 440 Washington Street, 444 Washington Street and 465 Washington Street; Barone Management’s new hotel at 447 Washington Street [set to open in 2021], and a massive renovation of a 120-year-old mansion at 457 Washington Street. Current tenants at 459 Washington Street include Developer Arthur Becker, who is overseeing the luxe residential condominium project at 465 Washington Street. Another showroom under the same roof is Stadium, Given the limited availability of Retail Space for sale in TriBeCa, especially with such a prestigious address, investment possibilities are looking very strong with The John Watts Condominium.