For Sale
$1,500,000

44 Exchange PlNew York, NY 10004

2,216 SF Storefront, High-Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 2,216-square-foot retail condominium at 44 Exchange Place in New York City's Financial District presents a compelling investment opportunity. Currently leased to Rosetta Wines & Liquors until May 2033, this ground-level storefront offers predictable cash flow with built-in annual rent escalations. The tenant is responsible for utilities and real estate taxes above the 2020/2022 base year, minimizing landlord responsibilities. Located in a vibrant submarket, the property benefits from its proximity to major transportation hubs, including the Rector Street, Wall Street, and Broad Street subway stations (less than a four-minute walk). The property's prestigious location is further enhanced by its proximity to high-end retailers such as Hermes, Tiffany & Co., and Cipriani. The asking price is $1,500,000, translating to $676.90 per square foot. This single-unit property (APN 25-1002) offers a stable, low-maintenance investment with significant upside potential in a prime Manhattan location. The property's strong tenant and desirable location make it an ideal addition to any investment portfolio.

Highlights

  • Stable in-place lease with predictable cash flow and built-in annual rent increases.
  • Less than a four-minute walk to Rector Street, Wall Street, and Broad Street subway stations.
  • Prestigious neighboring tenants include Hermes, Tiffany & Co., and Cipriani.

Property Details for 44 Exchange Pl

Property type
Retail properties, Retail space
Square Feet
2,216 SF
Units
1

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7059513
Longitude
-74.0104513
44 Exchange Pl, New York, New York

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44 Exchange Pl
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