15 Park Row New York, NY 10038

This exceptional Class A retail and office condominium at 15 Park Row, New York, NY 10038 offers 34,513 square feet of space, including 19,327 square feet of vacant ground floor retail with 17-foot ceilings and a lower level, plus mezzanine space. The second floor comprises 15,186 square feet of office space, currently 100% leased to DBOX and J&R, generating approximately $700,000 in annual rental income through 2026. Located in the heart of the Financial District, this property boasts a prime location on City Hall Park, offering unparalleled visibility and access to the Fulton Transit Center. The asking price is $12,500,000, representing a pro-forma cap rate of 14.03% and a pro-forma NOI of $1,754,306. Built in 1899, this historic landmark building offers a unique opportunity for owner-users or investors seeking a value-add investment. The property benefits from a 99-year ground lease (95 years remaining) with a renewal option, and ground rent is a nominal $1.00 per year, plus pro-rata operating expenses. The property is offered unencumbered by debt on an "as-is" basis. This presents a rare chance to acquire a trophy asset in one of Manhattan's most vibrant submarkets, with significant potential for long-term lease growth and value appreciation. The combination of vacant retail space and a near-term office lease expiration provides flexibility for various uses, including owner-occupancy or repositioning for optimal returns.