New York, NY – April 10, 2018 – Cushman & Wakefield today announced that the real estate services firm has been retained on an exclusive basis to market a 25’ wide, 5-story mixed-use property located at 304 Columbus Avenue between 74th and 75th Street. The asking price for the property is $9,950,000.
A Cushman & Wakefield team consisting of Senior Managing Director Paul Smadbeck, Associate Director Conrad Martin, and Senior Associate Bryan Smadbeck will be leading the marketing efforts on behalf of the property’s seller.
“This property is perfectly situated on the Upper West Side’s high-end retail strip on Columbus Avenue and is surrounded by an eclectic mix of restaurants, top-tier retail and iconic New York institutions,” said Paul Smadbeck of Cushman & Wakefield. “It’s ideal location and retail and residential tenant potential makes 304 Columbus Avenue a quality investment opportunity in one of Manhattan’s most sought-after neighborhoods.”
304 Columbus Avenue totals 12,258 square feet and consists of 13 residential units and two commercial units. The residential units consist of five free market apartments, two owner-occupied units, five rent stabilized apartments, and one rent controlled apartment, ranging from studios to two bedrooms. The commercial spaces include a prime, ground level 2,000 square foot property currently leased and occupied by Jonathan Adler Home Décor, and a 1,700 square foot lower-level retail space with street-level access and exposure, which will be delivered vacant.
Located on the west side of Columbus Avenue between 74th and 75th Streets, this property neighbors retailers such as Farrow & Ball, Chase, Swatch, and Vince. It is in the heart of the Upper West Side, surrounded by some of New York’s landmarks, including the American Museum of Natural History, The Beacon Theater, Lincoln Center, and Central Park. The property is also highly transit accessible with the B,C,1,2, and 3 subway stations, as well as multiple bus lines, in close proximity.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.