261 Broadway Office,Retail Space
- 14,262 SQFT
- $14,000,000
Located at the coveted corner of Broadway and Warren Street, 261 Broadway offers a premier retail investment opportunity in the heart of Tribeca, Manhattan. This expansive 14,262-square-foot commercial condominium spans the ground and lower levels of a luxury residential building, positioned prominently across from Zuccotti Park and City Hall. The ground level features over 8,500 square feet of prime retail space, currently generating immediate cash flow through its tenant, De Janeiro—a popular women’s fashion brand occupying over 3,000 square feet with a lease expiring in 2028.
A significant value-add opportunity awaits with 5,500 square feet of high-exposure corner retail space on Broadway, which was previously occupied by Bank of America. With no landmark restrictions, this area provides an enticing chance to reconfigure the storefront and divide it into smaller, more efficient retail spaces, maximizing rental income potential. Additionally, investors can capture further revenue from the 5,725 square feet of basement space available for lease.
The property’s 215 feet of wraparound frontage along Broadway and Warren Street ensures constant foot traffic, supported by the proximity to major subway lines, including the 1, 2, 3, 4, 5, 6, R, W, J, and Z trains, as well as the Fulton Center retail hub. Tribeca’s renowned appeal—home to upscale shopping, dining, and cultural attractions like the Tribeca Film Festival and close to landmarks such as the One World Observatory and South Street Seaport—further solidifies this location as an essential downtown destination.
Priced at $14,000,000 this retail condo is an exceptional opportunity for investors seeking a mix of current income and future growth in one of Manhattan’s most desirable submarkets.
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