Retail

An exceptional investment opportunity, part of a high-value portfolio, in Manhattan’s bustling Central Business District (CBD). Listed at $25,000,000 ($763.13/SF), this 2-star retail property offers significant potential for investors or operators seeking a well-located asset in a thriving commercial corridor.

Property Overview:

• Address: 391 Avenue of the Americas, New York, NY, 10014
• Listing Price: $25,000,000
• Sale Type: Investment (Part of a Portfolio)
• Property Type: 2-Star Retail/Restaurant
• Location: Central Business District (CBD), Manhattan
• Gross Leasable Area (GLA): 6,600 SF
• Stories: 1
• Typical Floor Size: 3,300 SF
• Class: C
• Ceiling Height: 10’5″
• Docks: None
• Construction: Reinforced Concrete

Key Features:

• Prime Commercial Location: Situated in the heart of Manhattan’s CBD, the property is surrounded by a vibrant mix of retail, dining, and residential developments.
• Spacious Layout: The 6,600 SF space is designed for retail or restaurant use, offering flexibility and efficient utilization of space with 10’5″ ceiling heights.
• Strong Investment Potential: As part of a portfolio sale, this property provides an excellent opportunity for long-term returns in a high-demand market.
• Robust Construction: Built with reinforced concrete, the property ensures durability and supports a variety of commercial uses.
• Accessible Design: A single-story layout with 3,300 SF floor plates enhances usability for tenants and ease of customer access.

Conclusion:

391 Avenue of the Americas is a rare investment opportunity, perfectly positioned in a high-traffic, high-demand area of Manhattan. With its versatile retail/restaurant design and excellent location, this property offers substantial upside for investors or business operators.