New York Skyline.
NEW YORK CITY- In Tribeca's East Historic District, 36 Walker St., a five-story walk-up building that retains its original tin ceilings, windows and interior brick walls, has sold for $8.75 million. The property was delivered vacant. Marcus & Millichap arranged the transaction.
The mixed-use site offers the undisclosed buyer an 11,336-square-foot redevelopment opportunity. Barbara Dansker, of Marcus & Millichap's Manhattan office, exclusively represented the seller, a private investor. Dansker also procured the buyer, an active owner and manager in New York City.
According to a recent GlobeSt.com article, TriBeCa has seen upped activity as of recent. Between Greenwich and Hudson streets in Manhattan's TriBeCa neighborhood, a seven-story boutique office building at 177 Franklin St. has traded for $16.75 million. The property is the flagship store of Shinola, an American lifestyle brand.
TriBeCa has become a highly desired neighborhood among investors, according to Principal and Head of Tri-State Investment Sales James Nelson who led the transaction. "The Shinola building at 177 Franklin Street benefits from its great location as well as state-of-the-art technology and architectural landmark details throughout. This deal is also another demonstration of our solid track record in this neighborhood and ability to find the right buyer," he said.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
