111 Murray St Ground Floor Office
- 2,700 SQFT
- $2,900,000
Presenting a rare investment opportunity in the heart of Tribeca, this 2,700-square-foot retail condo occupies a prominent corner location within a luxury high-rise, offering prime visibility and accessibility in one of New York City’s most prestigious neighborhoods. Located on the first floor, this fully leased retail space is 100% occupied with long-term tenants, ensuring immediate and steady cash flow for the prospective buyer.
With an attractive cap rate of 6.3%, this property offers solid returns enhanced by annual rental increases, making it a strong choice for investors seeking long-term stability in a highly desirable area. The high foot traffic of Tribeca, combined with the affluence of the surrounding neighborhood, adds further value, positioning this retail condo as a high-demand asset.
Surrounded by high-end residences, upscale boutiques, dining establishments, and cultural landmarks, this property benefits from the vibrant atmosphere that characterizes Tribeca. This condo offers a blend of luxury, security, and income-generating potential, presenting a compelling investment with growth potential in a continually sought-after area of Manhattan.
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