Property Description for 141 Grand Street, New York, NY, 10013
Prime Investment Opportunity in SoHo
Address: 141 Grand Street, New York, NY, 10013
Price: $6,000,000 ($1,500.00/SF)
Cap Rate: 4.17%
Type: 2-Star Retail Storefront Retail/Office
Gross Leasable Area (GLA): 4,000 SF
Stories: 4
Typical Floor Area: 1,000 SF
Class: C
Location: CBD (Central Business District)
Construction: Masonry
Overview:
Situated in the heart of SoHo, this 4-story masonry retail and office property presents an exceptional investment opportunity in one of Manhattan’s most sought-after commercial districts. With a Gross Leasable Area (GLA) of 4,000 SF and a cap rate of 4.17%, this property offers stable income potential and significant upside for investors.
Read More
Key Features:
Prime SoHo Location:
Located on Grand Street, the property benefits from high visibility and foot traffic in SoHo’s vibrant retail and business hub, surrounded by trendy boutiques, art galleries, and upscale restaurants.
Versatile Space:
This Class C building features a storefront retail/office configuration, making it suitable for a variety of tenants, from boutique retailers to creative workspaces.
Efficient Layout:
With four stories and a typical floor size of 1,000 SF, the property offers functional spaces that can be customized to meet tenant needs.
Investment Stability:
The 4.17% cap rate reflects steady income potential from this well-positioned asset in a high-demand market.
Construction and Accessibility:
Built with durable masonry construction, the property ensures long-term structural integrity. Its central location provides easy access to public transit and major thoroughfares, enhancing tenant and customer convenience.
Highlights:
This 2-star retail/office building in SoHo offers investors a rare chance to own a piece of one of Manhattan’s premier commercial neighborhoods. Whether utilized for retail or office tenants, the property’s prime location and robust demand for SoHo spaces position it as a smart, long-term investment.
Capitalize on this opportunity to secure a high-profile asset in New York City’s thriving SoHo district.
