73 Leonard St New York, NY 10013

Property Details for 73 Leonard St

Year built

1910

Lot size

0.06 lot acres

Property size

11,945 SF

Zone code

C62A

Property type

Investment properties

Property subtype

Live-work space

APN

00174-0009

APU

1740009

Description

This exceptional fee-simple mixed-use property, located at 73 Leonard Street in the heart of Tribeca, presents a compelling value-add investment opportunity. The 5-story, 11,945 square foot building, constructed in 1910 and renovated in 2009, boasts 25 feet of frontage and features five units, currently operating at 100% occupancy. The building's permitted commercial zoning allows for diverse uses, complementing its existing multi-family and retail components. Situated in a vibrant neighborhood known for its historic architecture, luxury residences, and high-end retail, this property offers immediate proximity to renowned restaurants, nightlife, and shopping. The building's prime location, just steps from the iconic Jenga Tower, ensures high visibility and strong rental demand. With a lot size of 2,499 square feet and a total of five units, this property represents a rare opportunity to acquire a generational asset in one of Manhattan's most desirable neighborhoods. The asking price is $10,950,000, translating to $1,000.42 per square foot. This offering presents a unique chance to capitalize on the continued growth and desirability of Tribeca's commercial real estate market. The property includes a basement and sub-basement, adding to its overall square footage and potential. The building's solid construction and recent renovation ensure a low-maintenance investment with significant upside potential.