New York, NY – September 26, 2019 – Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to arrange for the sale of 311 Church Street, an 8,740-square-foot mixed-use building in the TriBeCa neighborhood of Manhattan.
A Cushman & Wakefield team of Robert Burton, Maurice Suede, Bobby Carrozzo, Daniel Soyak and Vinny Puzio will be leading the marketing efforts on behalf of the property’s seller.
“This property features an excellent investment opportunity for a mixed-use building in Lower Manhattan,” said Robert Burton of Cushman & Wakefield. “Because retail and residential spaces continue to remain in high demand in TriBeCa, this building will continue to grow in value.”
311 Church Street is a five-story, mixed-use building located on the east side of Church Street in between Lispenard and Walker Streets in TriBeCa. The building is comprised of a ground retail unit with a basement and four free market residential units. The retail unit has been occupied by Macao for 12 years, an established restaurant with a lease expiring in March 2023. All residential units are currently occupied and feature a washer and dryer, boiler, security camera with a screen, oversized living rooms, virtual doorman and ceiling heights ranging from nine feet five inches to 11 feet.
The property is within walking distance to the Canal Street and Franklin Street subway stations with access to the 1, A, C, E, N, Q, R and W trains, as well as numerous restaurants, parks and retail options in the neighborhood.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.