Updated 11 years ago
Sold
16-18 North Moore Street
Tribeca, Manhattan | Hudson Street & Varick Street
Income Property
$8,100,000
floors / apts5 / 18
Lot Size50'4"x150'1"
Built Size50'x75'
ZoneC6-2A
Building TypeLow-Rise
RE Taxes$48,894
Listing Features
- Gas Heat
Building Amenities
- Voice Intercom
Property Description for 16-18 North Moore Street
> The subject property consists of two (2) 5-story mixed-use buildings located on the Southwest corner of North Moore and Varick Street in TriBeCa.
> The ground floor commercial space of both properties is interconnected and occupied by the famous neighborhood restaurant, Walkers Grill and Bar.
> There are a total of eighteen (18) residential apartments of which three (3) are studios, seven (7) are one bedrooms and eight (8) are two bedrooms.
> The tenancy mix consists of seven (7) are rent stabilized units, two (2) rent controlled units and nine (9) free market units.
> The rent regulated units are currently renting for approximately $20 per square foot and the free market units are currently renting for approximately $49 per square foot indicating that on average the rent regulated units are renting for approximately (57.3%) below market.
> The buildings share one gas heater and are individually metered for electric.
> The property is Landmarked and lies in the TriBeCa West Historic District.
> Neighboring famous restaurants include Bouley, Nobu, Thalassa and Churrascaria.
Listing History for 16-18 North Moore Street
Now
04/12/2010
$8,100,000
Sold and Closed by Robert Knakal
Cushman & Wakefield
02/19/2010
$8,100,000 [-$1,150,000] [12.4%]
Price Drop by Robert Knakal
Cushman & Wakefield
Building Details for 16-18 North Moore Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AccessWalk-up
Floors/Apts5/18
Transit and Citi Bike
Subway
Franklin St
0.03 miles
Canal St
0.12 miles
Canal St
0.22 miles
Canal St
0.28 miles
Chambers St
0.31 miles
Citi Bike
Franklin St & W Broadway
0.04 miles
Hudson St & N Moore St
0.08 miles
Tribeca | Manhattan
Quick Profile
TriBeCa, named after the small geographic triangle below Canal Street. It’s not really a triangle, it's a quadrilateral and it's bounded by West Street, Broadway, and Chambers Street. It’s a little too late for a name change and besides, QuaBeCa doesn't sound half as cool as Tribeca.
One of New York City’s more notable acronymed neighborhoods, TriBeCa is known for its trendy boutiques, fabolous restaurants, historical landmarks, and resident celebrity lofts. It still holds the title of one of the coolest places to live in New York City.
TriBeCa is one of the first residential neighborhoods of New York City. Way back in 1700’s wealthy New Yorkers built homes and maintained gardens in what is now TriBeca.
Later in history it shifted from residential to warehouses, commerce and markets. After the Civil War, shipping hubs moved from the East River to the Hudson River and revitalized areas like the South Street Seaport and TriBeca. When shipping and commerce increased, the area soon became a favorite spot for wholesalers to store their goods in large industrial warehouses.
Just like its neighbor SoHo, TriBeCa boasts one of the world’s largest collections of wrought-iron facades and Neo-Grecian architecture.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 30022TH
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