83 Murray St Ground Floor Office
- 3,667 SQFT
- $3,600,000
Located at 83 Murray Street in the vibrant Tribeca neighborhood, this expansive 3,667-square-foot commercial condominium presents a prime opportunity for investors or end-users seeking a versatile, vented retail space. Priced at $3,600,000, this two-story unit spans the ground floor and basement levels, providing ample room for a range of business types. With 1,882 square feet on the ground level and 1,785 square feet in the basement, this unit offers flexibility for layout and use.
Situated at the base of a five-unit residential building, the property is ideally positioned in a high-traffic area, just steps away from key Downtown landmarks such as the World Trade Center, Battery Park City, and several major transit options. The neighborhood’s demographics make this an exceptional location for a quick-service restaurant, café, juice bar, or pizzeria, with over 20,000 residents nearby, an average household income of $400,000+, and an estimated 250,000 daily workers and 2,000+ hotel rooms within walking distance.
Zoned C6-3, the property allows for various commercial uses, catering to food and beverage operations and other retail needs. The space is to be delivered vacant, offering a blank canvas ready for customization to suit the needs of its future occupant.
Financially, the property is an attractive investment with a projected Year 1 NOI of $237,302 and a cap rate of 6.6%, supported by manageable expenses, including $24,000 in common charges and $26,697.80 in annual real estate taxes. This rare Tribeca property provides substantial income potential and is set in one of New York City’s most desirable and affluent districts, making it an outstanding choice for both investors and business owners.
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