Xeno Lighting Sells Retail Property In New York's TriBeCa For $4.5M

An investment property located at 1 Worth Street in New York has been sold for $4.5 million. This retail property spans over 7,356 square feet and is situated in the affluent neighborhood of TriBeCa. Despite its raw condition, the location's demographics attracted multiple bids from various retail categories. The property's sale was announced by Marcus & Millichap, with Trever Gallina from the Brooklyn office serving as the broker.

Summary of transaction details

• Property Type: Retail
• Sale Price: $4,500,000
• Square Footage: 7,356
• Price per Square Foot: $612
• Address: 1 Worth Street, New York

Trever Gallina, a retail investment specialist at Marcus & Millichap's Brooklyn office, played a significant role in facilitating the sale of this retail property. The raw condition of the building did not deter buyers, thanks to its prime location in TriBeCa and the affluent demographics of the area. The property garnered attention from various retail categories, leading to multiple bids.