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Image 1 - 56 Thomas Street, New York, NY 10013, USA - Condo for sale
Image 2 - 56 Thomas Street, New York, NY 10013, USA - Condo for sale
Image 3 - 56 Thomas Street, New York, NY 10013, USA - Condo for sale
Image 4 - 56 Thomas Street, New York, NY 10013, USA - Condo for sale
Image 5 - 56 Thomas Street, New York, NY 10013, USA - Condo for sale
Image 6 - 56 Thomas Street, New York, NY 10013, USA - Condo for sale
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Image 8 - 56 Thomas Street, New York, NY 10013, USA - Condo for sale
Condo For Sale In New York, New York
56 Thomas Street, New York, NY 10013, USA

Condo For Sale In New York, New York

condo for sale
views
Listed: 03/21/24

56 Thomas Street, New York, NY 10013, USA

Studio Bed:
1 Bath:
1,000 Sq Ft Living Area:
Price
$ 1,98M
Sold

About This Condo

Calling all Investors: Prime investment opportunity in the heart of TriBeCa - up to 6.5% CAP! The retail condominium space at 129 Duane Street was leased on September1, 2023to an upscale vintage furniture gallery and interior design firm. The lease is for 5 years with an option to extend. Gross rental income is$144, 000for the first year with 3% annual rent escalations thereafter . period annual rent September1, 2023August31, 2024 $144, 000.00September1, 2024August31, 2025 $148, 320.00September1, 2025August31, 2026 $152, 769.60September1, 2026August31, 2027 $157, 352.69This is an outstanding opportunity for an investor to acquire a prime retail condominium, immediately benefit from strong cash flow, future rent increases, and to take advantage of further substantial upside at the end of the lease …  Full description

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