8 Beach Street

Cushman & Wakefield has been retained on an exclusive basis for the sale of 8 Beach Street, an 8 story elevator property located in the heart of TriBeCa. The approximate 14,176 SF asset is currently configured with commercial tenants on the first three floors, and residential tenants on floors four and above. The second and third floor units can be converted to residential as per zoning. Lease roll overs begin 6/30/2018 until 3/31/2021, not including the AT&T antenna on the roof that has a lease until 2021 and the ground floor retail tenant who has a lease until 2028. All residential units are fair market besides a rent stabilized tenant on the seventh floor. The second floor commercial unit is currently vacant. The units feature high ceilings, oversized living and dining area, and large windows with incredible views of the city. Also, every unit has its own direct access into the unit from the elevator. The property is walking distance to the Franklin Street metro station with service on the 1 line as well as the Canal Street Station with service on the A, C, E metro station. In summary, potential investors are given a chance to own a mid-rise building with significant cash flow in one of the most exclusive sections in NYC.