Multi-family

Prime Retail/Residential Condo for Sale – 8 Harrison Street, New York, NY 10013

Address: 8 Harrison Street, New York, NY, 10013
Price: $3,600,000 ($963.86/SF)
Cap Rate: 5.70%
Sale Type: Investment or Owner-User
Type: 2-Star Retail Storefront Retail/Residential Condo

Property Overview:

Situated in the heart of Tribeca, 8 Harrison Street presents an exceptional investment or owner-user opportunity in one of NYC’s most sought-after mixed-use neighborhoods. This five-story masonry building features a retail storefront combined with residential units, making it ideal for investors looking for strong rental income or business owners seeking a prime retail location.

Key Features:

Prime Tribeca Location:

• Positioned in the Tribeca Historic District, known for its cobblestone streets, high-end dining, and luxury residential buildings.
• Steps from Hudson River Park, Washington Market Park, and major corporate offices, ensuring steady foot traffic and high-demand living spaces.
• Surrounded by luxury boutiques, Michelin-starred restaurants, and creative workspaces, making it a high-value investment property.

Versatile Investment Opportunity:

• 10,493 SF mixed-use building with retail and residential spaces, allowing for diverse income streams.
• Retail storefront on the ground level, perfect for a boutique, café, wellness studio, or gallery.
• Market-rate residential units, providing stable rental income with potential for appreciation.
• Strong cap rate of 5.70%, making it a high-performing asset in a prime location.

Building Specifications:

• Five-story Class C masonry construction, offering charm, durability, and historic character.
• Typical floor size of 2,099 SF, designed for spacious residential layouts and a functional retail presence.
• Well-maintained common areas with potential for value-add improvements.

Excellent Transit & Accessibility:

• Steps from major subway lines (1, 2, 3, A, C, E, R, W, 6), ensuring seamless commuting for residents and customers.
• Highly walkable neighborhood with strong demand for retail and residential leasing.

High-Demand Market & Growth Potential:

• Tribeca remains one of Manhattan’s most desirable neighborhoods, attracting affluent professionals, creatives, and luxury tenants.
• Mixed-use properties in the area continue to appreciate, making this a strategic long-term investment.

Highlights:

✔ 10,493 SF retail/residential mixed-use property in Tribeca
✔ $3,600,000 sale price with strong appreciation and income potential
✔ Market-rate rent structure, ensuring long-term returns
✔ Retail storefront for owner-user or rental income
✔ Convenient transit access, steps from multiple subway lines and high-traffic areas

Conclusion:

8 Harrison Street presents a rare opportunity to acquire a mixed-use property in Tribeca, one of NYC’s most prestigious and high-value districts. With strong rental income potential, a prime retail storefront, and a stable cap rate, this property is perfect for investors, business owners, or buyers looking for a long-term real estate asset in Manhattan.

Contact us today to schedule a private tour and secure this exceptional investment opportunity!