Property summary
This exceptional 3,086 square foot retail condominium, located at 102 Chambers Street in New York City's coveted Tribeca submarket, presents a unique investment opportunity. Situated on the ground floor of a newly constructed, twelve-story luxury residential building, this property boasts approximately 125 feet of wraparound frontage along Church and Chambers Streets, providing unparalleled visibility and street presence. The space features a stunning glass build-out with impressive 20-foot ceilings, creating a bright and spacious environment ideal for a variety of retail uses. Minimal use restrictions allow for flexibility in tenant selection. The property benefits from strong co-tenancy within the vibrant neighborhood, offering a synergistic environment for businesses. Tribeca's "Live-Work-Play" atmosphere attracts a high-density population, ensuring a robust customer base. This prime location offers exceptional accessibility, with proximity to several subway lines including the 1, 2, 3, A, C, R, and W trains. The asking price for this remarkable retail space is $5,500,000. This is a rare opportunity to acquire a high-profile retail property in one of Manhattan's most desirable neighborhoods.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C63A · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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