Public marketing for the commercial condominium identifies approximately 1,882 SF of ground-floor space, very close to the 1,887 SF figure provided here. The commercial unit also has a basement component, and previous marketing describes the overall commercial condominium as vented and suitable for food-and-beverage uses.

Key Features

• Asking Rent: $40,000/month
• Annual Base Rent: $480,000
• Available Space: Approximately 1,887 SF
• Property Type: Retail
• Location: Tribeca
• Positioning: Ground-floor retail opportunity in a highly affluent Downtown Manhattan neighborhood
• Commercial Unit: Public records identify approximately 1,882 SF at the commercial-unit level
• Venting: Commercial condominium has been marketed as vented
• Potential Uses: Retail, restaurant and other commercial uses subject to approvals and lease terms
• Zoning: C6-3 commercial zoning
• Building: Six-story boutique condominium constructed in 1924
• Nearby Areas: World Trade Center, Battery Park City, City Hall and the broader Tribeca district
• Transit Access: A/C/E and 1/2/3 trains at Chambers Street are within approximately 500 feet, with World Trade Center, PATH, Park Place and City Hall stations also nearby.

Financial

At $40,000 per month, annual base rent would total approximately $480,000.

Based on the supplied 1,887 SF figure, the asking rent equates to approximately $254.37/SF annually. Over a five-year lease with no increases or concessions, the nominal base-rent commitment would be approximately $2.4 million.

Given the substantial rent, the complete lease economics should be carefully established. This includes whether the $40,000 represents gross or net rent and whether real estate taxes, condominium/common charges, insurance, utilities, maintenance and other operating expenses are payable separately.

The exact rentable area should also be confirmed. Public marketing identifies the commercial condominium as 3,667 SF in total, consisting of approximately 1,882 SF on the ground floor and 1,785 SF in the basement. If the $40,000 asking rent includes any basement space in addition to the stated 1,887 SF, the effective rent per usable square foot would differ materially.

Location Highlights

83 Murray Street occupies a prime position in Tribeca, one of Downtown Manhattan’s most established high-end residential and commercial neighborhoods.

The property is steps from the World Trade Center and Battery Park City, providing access to a substantial combination of affluent local residents, office workers, hotel guests and visitors. Previous commercial marketing for the property specifically highlights the area’s residential demographics, daytime workforce and nearby hotel inventory as demand generators for retail and food-and-beverage concepts.

Transportation is particularly strong. The A/C/E and 1/2/3 trains at Chambers Street are within approximately 500 feet, while World Trade Center/PATH, Park Place, City Hall and Cortlandt Street stations provide additional subway and regional transportation options.

For a retail tenant, the location’s principal strengths are Tribeca’s affluent residential population, proximity to the World Trade Center, strong daytime population and exceptional transportation connectivity.

Summary

The approximately 1,887 SF retail space at 83 Murray Street is offered for $40,000 per month, equivalent to approximately $480,000 annually or $254.37/SF per year.

The property’s principal attributes are its Tribeca location, ground-floor positioning, proximity to the World Trade Center and previously marketed venting capability. The space may therefore be particularly relevant for higher-volume retail or food-and-beverage concepts, subject to permitted use and lease terms.

From a financial standpoint, the $480,000 annual base-rent commitment is substantial. Before evaluating the opportunity, the tenant should confirm whether basement space is included, the exact rentable and usable square footage, lease structure, additional rent, annual escalations, venting infrastructure and required build-out.