ONE WEST END, New York, New York
100,000 SF COMMERCIAL UNIT FOR SALE
UPLAND PROPERTY ADVISORS, as exclusive agent, is pleased to offer an opportunity to acquire more than 100,000 square feet of prime commercial space at the base of the recently-completed One West End Avenue luxury condominium building (“the Property”). The high-end 30,000 square foot Morton Williams flagship grocery store is leased through 2043 and the below-grade 450-space parking garage is leased to Icon Parking. The Property is situated at the center of a massive residential development boom, where more than 8,000 new units are creating substantial new retail and parking demand.
433 Fifth Avenue New York, NY
BOUTIQUE OFFICE AND RETAIL BUILDING FOR SALE
Upland Property Advisors, as exclusive agent, is pleased to offer for sale the fee simple interest in 433 Fifth Avenue (the “Property”), a beautiful 23,354 square foot Fifth Avenue office and retail building located one block south of Bryant Park. The Property is anchored by a recent 10-year, 9,359 square foot mixed-use lease with a leading national retailer. The Property’s Fifth Avenue/Bryant Park location delivers powerful demand drivers and enduring value, making 433 Fifth Avenue an ideal wealth preservation vehicle with immediate upside potential. Additional upside can be unlocked through the sale or utilization of the Property’s 30,000 square feet of excess development rights.
142 DUANE STREET, NYC
PRIME TRIBECA FASHION HEADQUARTERS FOR SALE
Upland Property Advisors, as exclusive agent, is pleased to offer for sale the commercial cooperative unit at 142 Duane Street (the “Property”). Situated in the heart of fashionable Tribeca, the Property is a 7,503 square foot three-level unit occupied in its entirety by world-renowned fashion brand Nili Lotan through 2028. Located on the south side of Duane Street between West Broadway and Church Street, the Property features 40 feet of prime frontage. Comprehensively renovated by Nili Lotan in 2019, the space presents an open-plan layout that delivers a cutting-edge fashion experience to its private shoppers and industry buyers. This investment opportunity delivers an ideal combination of low-risk competitive yields, steady contractual rent growth, and outstanding appreciation potential in one of Manhattan’s most desirable retail and office locations.
866 United Nations Plaza, New York, NY
CREDIT-LEASED PARKING GARAGE ADJACENT TO THE UNITED NATIONS
UPLAND PROPERTY ADVISORS, as exclusive agent, is pleased to offer for sale the parking garage condominium unit at 866 United Nations Plaza, New York, NY (the “Property”). The 41,482 square foot facility enjoys a truly irreplaceable location immediately adjacent to the United Nations Headquarters complex, establishing 866 UN Plaza as the single most convenient parking garage in the district. Captive recession-proof demand for parking at the Property is generated by United Nations staff, area residents, tourists, and diplomats, including those living and working in Class A mixed-use tower above the garage. The Property is fully leased through 2026 by credit tenant ABM Industries (NYSE Ticker ABM), a publicly-traded Facilities Solutions company with a market capitalization in excess of $2.5 billion and 2019 revenues of $6.5 billion.
738 BROADWAY, New York, NY
HIGH-TRAFFIC NOHO RETAIL UNIT FOR SALE
UPLAND PROPERTY ADVISORS, as exclusive agent, is pleased to offer for sale the 3,877 square foot retail condominium unit at 738 Broadway in NoHo (the “Property”). Located along the east side of Broadway between Astor Place and Waverly Place at the base of a recent luxury condominium conversion, the Property enjoys truly exceptional visibility and foot traffic, with an entrance into the Eighth Street-NYU subway station immediately outside the Property. Strong year-round retail demand is delivered by NoHo’s wealthy residents, tourists, TAMI office workers, and NYU students. This offering presents a unique opportunity to acquire one of NoHo’s most attractive and well-located retail assets at price point that is manageable for both investors and owner/occupiers.
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