1 Wall StNew York, NY 10005

Property Details for 1 Wall St

Year built

1930

Property size (Sq ft)

184,469 SF

Zone code

C5-5

Property type

Retail space

APN

00023-1002

APU

231002

Description

This exceptional offering presents two distinct retail condominium units totaling 7,500 square feet, located at the prestigious 1 Wall Street Court in New York City's Financial District. This highly coveted corner location boasts an impressive 200 feet of frontage, providing unparalleled visibility and accessibility. The property is situated at the strategic intersection of Wall Street, Pearl Street, and Beaver Street, placing it within the heart of a bustling commercial hub. Both units are currently delivered in a fully vacant condition, offering immediate occupancy and customization opportunities for prospective buyers. Each unit is individually available for purchase, or they can be acquired together as a single portfolio. A significant feature is the inclusion of a fully equipped kitchen with existing venting, adding versatility to potential uses. The building itself is architecturally significant, offering a unique and desirable setting for a variety of retail businesses. This presents a rare opportunity to acquire prime retail space in one of New York City's most iconic and high-traffic locations. The flexible acquisition options cater to a range of investment strategies, making this an attractive proposition for both individual and larger-scale investors.

• CAP approach

  CAP return

  Valuation

  6%

  $44,832,408

  6.5%

  $41,383,760

  7%

  $38,427,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $60,738,852

  Geo Method

  $60,738,852

• Alternative Use

  Use

  Valuation

  Residential

  $34,908,748

  Hospitality

  $31,976,228

  Educational

  $26,603,846

  Medical

  $27,518,792

  Retail

  $41,383,760

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7071

Longitude

-74.0118

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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