345 Greenwich Street, Tribeca, NY 10013

Investment Highlights:

Meridian Investment Sales is pleased to exclusively present the sale of 345 Greenwich Street, a pair of 100% leased retail condominiums, well located between Harrison and Jay Streets, in the heart of Tribeca. 345 Greenwich Street is nestled in one of New York City’s most desirable and rapidly growing neighborhoods. With a WALT of over 12.5 years, the retail condominiums are secured by long-term leases with strong tenants, ensuring stable and robust cash flow for years to come. Importantly, tenants
are responsible for 100% of the increases over the 2024/2025 base year, resulting in minimal carrying costs for investors.

Unit 1A comprises 1,936 GSF of above-grade space, benefits from a 10-year lease from Repeat Nails, and features a 14’ ceiling height along with 15’ of frontage on Greenwich Street. Unit 1B comprises 2,000 GSF of above-grade space, benefits from a 15-year lease with a trendy, new restaurant from renowned chef, David Bank, and boasts a 14’ ceiling height and 15’ of frontage on Greenwich Street. Both tenants are investing significant capital to upgrade their spaces, further enhancing the appeal and value of these retail condominiums. These retail condominiums provide investors with the opportunity to capitalize on a pair of prime retail condominiums located in Tribeca, combining long-term lease security with the prestige of a prime New York City location.

Tribeca has emerged as one of the most popular and heavily trafficked areas given its proximity to major employers and new construction retail, office, and residential buildings. The neighborhood is one of the liveliest 24/7 locations in New York City and attracts residents and tourists alike. The World Trade Center Transportation Hub connects visitors to 12 different subway lines. To that end, 345 Greenwich Street is located just minutes from the recently completed Oculus, New York City Hall, One World Trade Center, and Brookfield Place. Given the presence of the new construction office and retail, there have been several recently completed luxury residential new construction buildings, including 2 Park Place, 30 Park Place, 25 Park Row, and 91 Leonard Street. Tribeca is one of the nation’s most prosperous and fashionable neighborhoods that attracts a mix of high-net-worth individuals, celebrities, and young professionals. 345 Greenwich Street is surrounded by an array of trendy eateries and global fashion boutiques providing unmatched neighborhood amenities. As a result of the extraordinary growth and demographic makeup, there is continuing demand for retail and office space. Overall, 345 Greenwich Street presents investors an excellent opportunity to acquire a pair of prime retail condominiums in one of New York City’s most iconic and prosperous locations