Featured Listings

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.

167 BOWERY, New York, New York

Prime Boutique Loft Building in the Heart of the Bowery

UPLAND PROPERTY ADVISORS, as exclusive agent, is pleased to offer for sale 167 Bowery (the “Property”), a boutique loft building situated along one of Manhattan’s most fashionable and rapidly evolving mixed-use corridors. Located on the east side of the Bowery between Broome and Delancey Streets, the existing four-story commercial loft structure comprises 28,736 square feet, with an additional 14,634 zoning square feet of available development rights. This offering presents an outstanding opportunity for a user/buyer, allowing a mid-sized business to own and occupy all or part of the building. The benefits of ownership include eliminating future leasing risk, building equity, and participating in future asset appreciation.

The Property is also very well positioned for future redevelopment, with value-add strategies that include (i) renovating the building for lease, (ii) adding floors above the existing structure, or (iii) creating a new ground-up development.  This offering presents a rare opportunity to participate in the Bowery’s ongoing improvement at a manageable level of capital investment, with cash flow generated by the existing commercial tenants.

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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Talk to our team to find out how Upland can help you achieve your real estate goals.

Upland Property Advisors, LLC
59 East 54th Street
Suite 52
New York, NY 10022

Yoav Oelsner
Managing Partner
Office: +1 646.908.4990
Cell: +1 917.400.8050
Email: yoav@upanyc.com

Glenn Tolchin
Managing Partner
Office: +1 646.908.4989
Cell: +1 917.359.6727
Email: glenn@upanyc.com