City Hall Large Full-floor Condo for Sale
Up on market, low-floor 8,000-square-foot full floor commercial condo for sale near Centre Street. A downtown landlord has recently decided to partition a former tenant building into several medium-sized office condominiums in this Class-C Property, turn-of-the-century, loft-style structure a stone’s throw from neo-classical City Hall. On the third floor, the space offers a SoHo feel in a lower-rent district: exposed beamed ceilings, concrete loading bearing floors and elevators that open directly onto the office, but without the informality of a loft space.
The space is waiting a rebuilt to suit – a clean slate by which to work from, originally consisting of a mix of private offices and a central open work space.
Ideally suiting the New York bureaus of small nongovernmental organizations, global think tanks or local government agencies, this space nonetheless needs some work. More pressing reconstruction would consist of a new HVAC system and some plumbing work. The rest of the work is toward the cosmetic end, and could be completed in phases. All original, the floors need a new finish; the ceilings require stripping and painting – or just stripping; and the exposed brick could likely use a sealant or be covered over with a finished wall. A kitchen is slightly outdated, but usable, as is a large conference room – with the addition of glass doors and Herman Miller furniture would really make this space pop as a 21st-century office. Depending on the needs of the association, each condo needs rewiring for broadband and telecoms.
Though substantial work is required, new tenants have carte blanche to suit the space to their needs. Also, New York’s Commercial Revitalization Program (CRP) increases commercial tenant occupancy in older buildings in lower Manhattan by providing tax incentives through abatement and a Commercial Rent Tax Special Reduction.
The building itself offers 24/7 access and is accessed by Key-card and Video Intercom, steps from Fulton St, Wall St. Subways; 4, 5, A, C, 1, 2, 3…
| SIZE | BASE RENT |
|---|---|
| 8,000sq ft | Request |
For Sale
Type
Office /
Loft
Sharon Feldman
212-967-3354
Email
John Bruce
212-967-3354
Email
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