Multi-family

Investment Property in Tribeca

Address: 73 Leonard Street, New York, NY, 10013
For Sale: $10,950,000 ($872.51/SF)
Sale Type: Investment
Property Type: 2-Star Retail Storefront/Residential
Location: Central Business District (CBD)
Gross Leasable Area (GLA): 12,550 SF
Stories: 5
Typical Floor Size: 2,510 SF
Class: C
Construction: Masonry

Overview:
Located in the trendy and ever-growing Tribeca neighborhood, this 12,550 SF investment property offers a unique opportunity to acquire a mixed-use retail and residential building. Priced at $10,950,000 ($872.51/SF), this property combines great potential for steady income with the charm and appeal of Tribeca, one of New York City’s most desirable and upscale locations.

Key Features:

Prime Location:
73 Leonard Street is nestled in Tribeca, one of Manhattan’s most sought-after neighborhoods, offering proximity to luxury apartments, boutique shops, high-end dining, and cultural landmarks. The Central Business District (CBD) location ensures high visibility and accessibility, making it an ideal spot for both retail and residential tenants.

Mixed-Use Investment:
This five-story building offers 12,550 SF of space, with 2,510 SF per typical floor, providing flexibility for retail or residential leasing. The combination of retail storefronts on the ground floor and residential units above offers the opportunity for multiple revenue streams.

High Rental Demand:
Tribeca is renowned for its strong rental market, attracting affluent residents and businesses alike. The demand for both retail and residential spaces continues to grow, making this property an attractive investment with a high potential for long-term returns.

Masonry Construction:
Constructed with sturdy masonry, this building ensures longevity and minimal maintenance, providing peace of mind for the investor.

Class C Property:
As a Class C property, this building offers potential for renovation or repositioning, adding value through improvements or adjustments to its current layout.

Proximity to Transit:
The property is well-served by public transportation, with easy access to several subway lines, including the 1, 2, 3, A, C, and E trains, ensuring convenience for both tenants and visitors. The location is also close to the Hudson River Park, providing additional amenities for residents and businesses.

Highlights:
73 Leonard Street represents an outstanding investment opportunity in one of New York City’s most prestigious neighborhoods. With its mix of retail and residential space, prime location, and competitive pricing at $872.51/SF, this property is ideal for investors looking to capitalize on the continued growth and popularity of Tribeca.

Contact us today to schedule a tour and learn more about how this investment property can enhance your real estate portfolio!