44 Exchange Pl New York, NY 10004
- Retail properties
- 2,216 SF
Current Use by Public Records
- midtownglobe events 44 exchange pl ny ny / Dj Service
- Rosetta Wines - Purveyors of Fine Wines & Spirits / Wine Store / Liquor Store
- Global live eye / News Service
Property Details for 44 Exchange Pl
- Property size
- 2,216 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0105
- Latitude
- 40.706
