53 Beach Street, New York, NY, 10013

53 Beach Street New York, NY 10013

53 Beach Street, New York, NY, 10013
53 Beach Street, New York, NY, 10013 53 Beach Street, New York, NY, 10013 53 Beach Street, New York, NY, 10013 53 Beach Street, New York, NY, 10013 53 Beach Street, New York, NY, 10013 53 Beach Street, New York, NY, 10013 53 Beach Street, New York, NY, 10013 53 Beach Street, New York, NY, 10013
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$40,000,000
Last Verified:
Aug 02, 2024

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Highlights

  • 43,799 RSF across 7 stories above-grade, plus the 5,000 SF cellar
  • 150 feet of wraparound frontage
  • Corner location provides excellent light and air
  • Beautifully arched windows, hard wood floors and exposed brick throughout
  • Finished outdoor roof deck

Description

Avison Young is pleased to present, for the first time in almost 30 years, the opportunity to acquire 53 Beach Street (the “Property”), a beautiful and architecturally significant historic corner building located in prime Tribeca, between Greenwich Street and Collister Street. Originally built in 1915 as a 6-story industrial warehouse, ownership invested substantial capital in the Property in 2018, converting it to a high-end boutique office building topped with a stunning penthouse addition and rooftop deck. Today, the 7-story commercial property is comprised of 32,900 GSF above-grade (43,799 RSF) and boasts over 150 feet of wraparound frontage. The Property will be delivered vacant and flexible zoning allows for a multitude of value-add opportunities by way of a lease-up strategy across the stunningly built out office space, a conversion to luxury residential, or creating a blank canvas for a user.

Manhattan

Building Size: 43799sq ft
Building Class: A
Lot Size: 0.12 acres

Map of 53 Beach Street, 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.