SOLD
Xeno Lighting Sells Retail Property In New York's TriBeCa For $4.5M
1 Worth Street
Retail
7,356 SF
7,356 SF
Sold 291 days ago
Summary
Sale
NEW YORK
Retail
7,356 sqft
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.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Trever Gallina
DATE: 04/25/2023
ADDRESS: 1 Worth Street
MARKET: New York
ASSET TYPE: Retail
SELLER: Xeno Lighting
BROKER: Trever Gallina (@Trever_Gallina_CRE_RetailSales) - Marcus & Millichap (@MarcusMillichap_NY)
SALE PRICE: $4,500,000
SF: 7,356 ~ PPSF: $612
NOTE: Marcus & Millichap announced the sale of a 7,356 square-foot retail property in New York, selling for $4.5 million. Despite the building's raw condition, the property attracted multiple bids from different retail categories due to its location in TriBeCa's affluent demographics, according to Trever Gallina, a retail investment specialist in Marcus & Millichap's Brooklyn office.View on map
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Address1 Worth Street
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