27 CLIFF STREET
27 CLIFF STREET MIXED-USE BUILDING FINANCIAL DISTRICT For Sale
Building Features Block/ Lot Lot Dimensions Stories Lot Size
76 / 7 26’ x 164’ 5 4,782
(Approx.)
Total Existing SF
21,519 (Approx.)
Available Development Rights
26,301 (Approx.)
Total Buildable SF
47,820 (Approx.)
Zoning
C6-4
Historic District
None
R.E Taxes (16/17)
$106,944
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 27 Cliff Street, a 5-story elevator building with 26 feet of frontage on Cliff Street and a block-thru to Ryders Alley between John and Fulton Streets. The property features approximately 21,519 SF above grade with an additional 26,301 SF (approx.) of air rights. The property will be delivered vacant with an exception to the 4th floor which has a lease until December 31, 2019 paying $164,352 (approx.) per year. The current C6-4 zoning allows for multiple use configurations including residential and commercial tenancy. The building is located a few blocks from the Fulton Center, which is home to approximately 300,000 daily riders on the A,C,J,R,Z,2,3,4 & 5 metro lines. The property offers an outstanding opportunity for a user, investor, or developer to add value to the asset with additional air rights and below market rents. Located right near the epicenter of the Financial District, the area has seen a 154% increase in population since 2000 and 14.9 million tourist anticipated to visit in 2017. ASKING PRICE
$19,995,000 Will Suarez Senior Director 212.660.7753 [email protected]
Maurice Suede Associate Director 212.589.5131 [email protected]
Sean Rucker Associate 212.589.5113 [email protected]
Cushman & Wakefield 275 Madison Ave 3rd Fl. New York, NY, 10016 nyinvestmentsales.com
Cushman & Wakefield copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Building Features Block/ Lot Lot Dimensions Stories Lot Size
76 / 7 26’ x 164’ 5 4,782
(Approx.)
Total Existing SF
21,519 (Approx.)
Available Development Rights
26,301 (Approx.)
Total Buildable SF
47,820 (Approx.)
Zoning
C6-4
Historic District
None
R.E Taxes (16/17)
$106,944
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 27 Cliff Street, a 5-story elevator building with 26 feet of frontage on Cliff Street and a block-thru to Ryders Alley between John and Fulton Streets. The property features approximately 21,519 SF above grade with an additional 26,301 SF (approx.) of air rights. The property will be delivered vacant with an exception to the 4th floor which has a lease until December 31, 2019 paying $164,352 (approx.) per year. The current C6-4 zoning allows for multiple use configurations including residential and commercial tenancy. The building is located a few blocks from the Fulton Center, which is home to approximately 300,000 daily riders on the A,C,J,R,Z,2,3,4 & 5 metro lines. The property offers an outstanding opportunity for a user, investor, or developer to add value to the asset with additional air rights and below market rents. Located right near the epicenter of the Financial District, the area has seen a 154% increase in population since 2000 and 14.9 million tourist anticipated to visit in 2017. ASKING PRICE
$19,995,000 Will Suarez Senior Director 212.660.7753 [email protected]
Maurice Suede Associate Director 212.589.5131 [email protected]
Sean Rucker Associate 212.589.5113 [email protected]
Cushman & Wakefield 275 Madison Ave 3rd Fl. New York, NY, 10016 nyinvestmentsales.com
Cushman & Wakefield copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
