NEW YORK, NY – November 19, 2018 — Cushman & Wakefield today announced that the firm has been retained on an exclusive basis to arrange the sale of 302 Canal Street, a five story mixed-use building with with 6,766 buildable-square-feet, in TriBeCa. The asking price is $8,790,000.
A team led by Maurice Suede, Robert Burton and Bobby Carrozzo will represent the seller in all marketing efforts.
“302 Canal Street is ideal for a user looking to occupy one or all the residential upper floors while also capitalizing on stable income from the ground floor,” said Robert Burton of Cushman & Wakefield. “This property represents a rare high-quality retail location coming to market within one of the densest and most exciting submarkets in NYC.”
Located on Canal Street block-through to Lispenard between Church Street and Broadway, the building features over 18’ of frontage on Canal Street and Lispenard Street. The current retail tenant, GNC, has a lease until December 2023, paying $18,500 per month. The second floor is configured as a live-work space, while the 3rd through 5th floors are arranged as one and two bedrooms. Additionally, all apartments are free market and have been recently renovated.
302 Canal Street is located in an area prime for residential and commercial use, with neighboring properties including The Mondrian Hotel, City Rooms SoHo, a dozen newly-developed high-end condominiums and retailers of all types. The property is steps away from the N, Q, R, 6, J, Z subway lines, servicing over 41,000 daily workers within a quarter of a mile of the property.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 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.