73 Leonard

73 Leonard St New York, NY 10013

New York
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$11,950,000
Last Verified:
Mar 27, 2023

Highlights

  • Rare 5-story multi-family opportunity in the heart of TriBeCa
  • 25 feet of frontage steps away from the Jenga Tower Skyscrape
  • IMD Building with huge value add
  • Immediate walking distance to nightlife, restaurants, and retail

Description

We are pleased to offer this fee simple generational trophy asset in prime TriBeCa, Lower Manhattan, in New York City. This is a 5-story walkup totaling almost 12,000 SF and an additional basement and sub-basement in a beautiful early 1900s construction with 25 feet of frontage located a few buildings down from the famous 60-story Jenga Tower skyscraper completed in 2017 and developed by Alexico Group.

TriBeCa is a neighborhood known for its historic architecture, luxury condominiums,
and high-end restaurants and shops. TriBeCa commercial real estate includes a mix of office spaces, retail shops, and restaurants. In recent years, TriBeCa has become a popular location for technology startups and media companies, attracted by the neighborhood’s proximity to Silicon Alley and the city’s major transportation hubs.


Year Built: 1910
Building Size: 11945sq ft
Lot Size: 0.57 acres


Documents

Confidential 73 Leonard - Tribeca NYC - Arthur Kaplan.pdf

Map of 73 Leonard St, New York, NY, 10013

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.