This listing presents an investment opportunity in two retail condos, 27 North Moore Street and 22 Ericcson Place, leased long-term to a school. Both units are physically attached, offering a combined space of approximately 6,024 square feet. Located in the bustling neighborhood of Tribeca, these units boast dual frontages and high visibility on a heavily foot-trafficked street, ideal for various uses including school, community, or retail purposes. The property features a successful educational tenant, the Tribeca Community School, operating on a long-term lease, providing a stable income stream for investors. With a gross income of $607,868 per annum and a net income of $532,417.56, this investment offers a competitive cap rate and excellent potential for long-term growth.

The retail condos have 14-foot ceiling heights and retain prewar details such as original red brick, enhancing their charm and character. The school, one of downtown Manhattan's largest nursery schools, has been in existence for 20 years and enjoys consistently increasing enrollment, with a waitlist for admissions. Both units include basement space, with the restaurant unit featuring approximately 850 square feet of storage and preparation kitchen facilities, while the retail unit offers around 450 square feet of storage.

Situated in Tribeca's affluent "Gold Coast," these units benefit from proximity to major transportation hubs and upscale amenities, contributing to the neighborhood's vibrant atmosphere. The long-term lease with a successful tenant provides stability and security for investors, making this an attractive opportunity for those seeking a reliable income stream in a prime location. Showings are available day and night, offering interested parties the chance to explore the potential of these well-located retail condos further. Contact us today for more information or to schedule a viewing.

Space Features:

• Investment opportunity in two retail condos
• Physically attached units with combined space of 6,024 sq. ft.
• Excellent 1031 Opportunity
  
• Fully Leased - Secured by Long Lease
  
• Competitive Cap Rate
  
• Tenant Responsible For Many Charges
  
• Highly Successful Educational Tenant (The Portfolio School)
• Located in bustling Tribeca neighborhood
• High visibility on heavily foot-trafficked street
• Ideal for school, community, or retail use
• Stable income from long-term lease to successful educational tenant
• Competitive cap rate and potential for long-term growth
• 14-foot ceiling heights and prewar details
• Proximity to major transportation hubs and upscale amenities
• Basement space included for storage and preparation
• Situated in affluent "Gold Coast" of Tribeca
• Showings available day and night for exploration