Property profile

44 Exchange Pl New York, NY 10004

OFF-MARKET
Retail properties & Spaces
2,216 SF
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Property summary

AI-generated overview

This exceptional 2,216-square-foot retail condominium at 44 Exchange Place in New York City's Financial District presents a compelling investment opportunity. Currently leased to Rosetta Wines & Liquors until May 2033, this ground-level storefront offers predictable cash flow with built-in annual rent escalations. The tenant is responsible for utilities and real estate taxes above the 2020/2022 base year, minimizing landlord responsibilities. Located in a vibrant submarket, the property benefits from its proximity to major transportation hubs, including the Rector Street, Wall Street, and Broad Street subway stations (less than a four-minute walk). The property's prestigious location is further enhanced by its proximity to high-end retailers such as Hermes, Tiffany & Co., and Cipriani. The asking price is $1,500,000, translating to $676.90 per square foot. This single-unit property (APN 25-1002) offers a stable, low-maintenance investment with significant upside potential in a prime Manhattan location. The property's strong tenant and desirable location make it an ideal addition to any investment portfolio.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,216 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nightclub Music Venue
  • Specialty Food Shop Wine and Liquor Store
  • Newspaper & Magazine Television Studio

Location

44 Exchange Pl New York, NY 10004
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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