price

$3,200,000

size

Ground Floor- 4,010 sf
Cellar - 1,676 sf

block/lot

820/1201

lot dimensions

50' x 92'

lot size

4,600'

common charges

$21,600 (estimated)

taxes (09/10)

$54,584 (estimated)

description

The retail condominium at
8 West 19th Street is currently occupied by Food Works until June 2014 with an additional 5-year fixed-option. The tenant is in the sixth year of its lease with rent increasing 5% per annum. The tenant is responsible for retail estate tax escalations over the base year amount of $23,809.

The condominium allows cooking use, which is a notable benefit in an area that is favored by gourmet restaurants. 19th Street is one of the primary thoroughfares connecting Flatiron and Chelsea retail. The street is flanked at Fifth Avenue by American Apparel and Aveda, and at Sixth Avenue by Sports Authority and Bed Bath & Beyond.