This Multifamily Property is no longer advertised on LoopNet.com.

597 Broadway
New York, NY 10012
Multifamily Property For Sale · 9 Units

Executive Summary

Meridian Investment Sales is pleased to present the Exclusive Offering for 170 Mercer Street – a retail condominium located in between Houston Street and Prince Street in prime Soho. Consisting of 1,950 square feet, the Offering presents a favorable Triple Net lease to Shamballa Jewelry – a high-end jewelry brand featured in 25 stores worldwide. 170 Mercer Street is designated as its flagship location, as it had its Grand Opening in Fall 2017. Shamballa signed for a 10 year term with 3% annual increases. The tenant pays for all electricity, gas, fuel, water, hot water and real estate taxes, and has a one-time right to terminate the lease on the 5th anniversary of rent commencement. 170 Mercer Street offers an unrivaled location between Houston and Prince Streets. Stores in immediate proximity include Apple, Victoria’s Secret, Under Armour and Polo Ralph Lauren, in addition to the seven subway trains in a three block radius.

Property Facts

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.11 AC
Building Size 27,615 SF
Average Occupancy 100%
No. Stories 5
Year Built 1900
APN / Parcel ID
0512-1101
  • 0512-1102
  • 0512-7502
Zoning R5 - Medium density district with a height limit of 40 feet
  • Listing ID: 9885938

  • Date on Market: 11/6/2017

  • Last Updated:

  • Address: 597 Broadway, New York, NY 10012

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}