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 Your query returned 2 listing(s) |
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13331EL943
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Agents:
Edmond Levy,
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| Neighborhood: Tribeca |
Status:
Active
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Type: Sales |
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Description:
The third floor commercial condominium at 408 Greenwich Street is for sale, currently leased to Tracy Anderson (TA Studios) BUT CAN BE DELIVERED VACANT. The tenant occupies the full third floor, 12 foot ceilings, tenant controlled HVAC, and keyed elevator entry. The space has been beautifully built out as a high end fitness studio.
The building is a brand new elegant ground up development where the first 4 floors are commercial and floors 5 though 8 are residential and sold out at $1,700 – $2,200 per square foot.
Recent proposals from City Planning have included an imminent rezoning of North Tribeca which includes 408 Greenwich (see: http://www.nyc.gov/html/dcp/html/north_tribeca/north_tribeca3.shtml) . Such rezoning would allow the change of use on floors 2 through 4 from commercial to residential. That opportunity would grant the buyer the chance to buy this floor at $1,300 per foot.
In regards to the current tenant: Tracy Anderson is well known for being the personal exercise trainer of Madonna as well as many other celebrities and has since produced training videos, and diets. She has a studio in Los Angeles California and this studio in New York is her second location.
Ms. Anderson’s partners include actress Gwyneth Paltrow and Aerin Lauder daughter of Ronald Lauder of the Estee’ Lauder Companies. You can read more about her and her Studios on her website at http://action.tracyandersonmethod.com/
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| Income: $290,406.60 |
Net Income: $248,400.00 |
Ask Price: $4,475,000 |
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461DB38
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Agents:
David Birnbaum,
Roseann Margiotta,
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| Neighborhood: Lower East Side / Little Italy / Chinatown |
Status:
Active
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Type: Sales |
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Description:
Prime Chinatown mixed-use building with 7 apartments and 2 stores.
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| Income: $211,320.00 |
Net Income: $125,620.00 |
Ask Price: $4,000,000 |
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