Commercial Real Estate in 10069
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100 Freedom Place South
New York, NY
TROPHY AFFORDABLE HOUSINGFinest affordable housing development in New York City, with superior construction, design, and amenities. ASSUMABLE DEBTHighly-accretive existing $9,485,000 non-recourse loan, with fixed 4.52% interest rate, interest-only payments though 2031, and term through 2036. VALUE ACQUISITIONThe Property can be acquired for less than $200 per rentable square foot, a tremendous value at a fraction of construction cost. BOND-LIKE CASH FLOWConsistent 100% occupancy, with virtually no roll over and an initial waiting list of more than 5,000 applicants. 421A TAX ABATEMENTReal estate tax abatement through tax year 2038/39, with 100% tax abatement on improvements through tax year 2030/31. SUBSIDIZED OPERATING COSTSThe luxury condominium tower makes an annual contribution to the Property to offset a portion of the Property’s condominium charges. EASY TO MANAGEThe luxury condominium tower handles most of the building’s maintenance. 1031 OPPORTUNITYLow-risk, easy-to-manage cash flow, with significant depreciation benefits from the assumable loan. DEREGULATION UPSIDEIn the event that New York City affordable housing regulations become less stringent in the future, tremendous upside would be unlocked due to the Property’s superior quality, location, and amenities
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WATERLINE SQUARE
475 West 61st Street
Upper West Side, Manhattan, NY
ONE OF THE FASTEST GROWING NEIGHBORHOODS IN NYC
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1,185 SF -
3,275 SF
3,275 SF
50 Riverside
50 Riverside Blvd
Upper West Side, New York, NY
Property: Prime Corner Community Spaces
Location: Southeast corner of Riverside Blvd and 62nd Street
Northeast corner of Riverside Blvd and 61st Street
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1,325 SF -
1,567 SF
1,567 SF
200 Riverside Boulevard
200 Riverside Blvd
Upper West Side, New York, NY
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60 Riverside Boulevard
60 Riverside Blvd
Upper West Side, New York, NY
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Market Stats
10069 has 10 commercial real estate spaces for lease, representing 20,395 sqft space.
Metropolitan areas that include 10069
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