New York, NY – An opportunity to acquire an immediately reposition a vacant, five-story 6,285-square-foot commercial loft building that could, as of right, allow for 16,650 buildable square feet, is available through Eastern Consolidated.
Tapped by seller Richmond Properties LLC, Eastern is promoting the strategically-located, rare-to-the-market property at 1145 Broadway, situated only one block from Madison Square Park in the heart of Manhattan’s Flatiron submarket, between West 26th and 27th Streets.
Eastern Consolidated Director Gabriel Saffioti with Associate Director Nicole Rabinowitsch are spearheading the marketing initiative for the sale of the building featuring approximately 1,500 square feet of ground floor retail space with office and commercial space on floors 2-5. The property is located within the Madison Park North Historic District.
“Foot traffic generated by such trendy hotels as the Ace and NoMad, not to mention destinations like Eataly, and Shake Shack, is tremendous,” said Mr. Saffioti.
“Only SoHo rivals the 24/7 action that NoMad/Flatiron enjoys due to its expanding housing stock, fabulous hotels, boutiques, restaurants and sought-after office space, particularly from tech and creative tenants.”
“The new owner can immediately reposition this property, no down time whatsoever, and limited supply should see competitive bidding for this exciting offering,” added Mrs. Rabinowitsch.
The neighborhood has emerged as one of the hottest all Manhattan. It’s in close proximity to the N and R trains at 23rd Street and equidistant to the Lexington and 7th Avenue lines, also on East and West 23rd Street respectively.
Founded in 1981, Manhattan-based Eastern Consolidated is one of the country’s preeminent full-service real estate investment services firms, offering unrivaled expertise in the greater New York marketplace to an impressive worldwide roster of institutional and private investor clients. The 40-person team of brokers, who, combined, offer fluency in 11 languages, come from a wide diversity of entrepreneurial and professional backgrounds. With annual sales up to $4 billion, Eastern Consolidated focuses on the acquisition, disposition and finance of all types of properties.