158 Franklin St New York, NY 10013
- Retail space
- 3,363 SF
Current Use by Public Records
- Urban Archaeology / Lighting Store / Bathroom Supply Store
Property Details for 158 Franklin St
- Property size
- 3,363 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional retail condominium, located at 158 Franklin Street in the coveted Tribeca South Historic District, offers a compelling investment opportunity. The property encompasses 3,363 square feet across two units, situated on the ground and lower levels of a six-story residential building. Unit A, totaling 1,706 square feet, is located on the ground floor. Unit B, comprising 1,657 square feet, is on the lower level and is conveniently accessible via an internal staircase or an elevator through the residential lobby. The property features a small rear yard abutting Unit B. Benefitting from a fully leased status, this offering provides immediate cash flow. The location, between West Broadway and Hudson Street, ensures high foot traffic due to the dense residential and retail environment. Multiple transportation options provide convenient access. The property's skylit spaces and sellable lower level add to its significant appeal for both investors and potential end-users. This is a rare chance to acquire a prime retail space in one of Manhattan's most desirable neighborhoods.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0081067
- Latitude
- 40.7194446
