Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been hired to market for sale, the 17,000 +/- square foot, retail condo with 160’ of wraparound frontage, located at 350 6th Avenue, also known as 88 Washington Place, on the North East Corner of Sixth Avenue.
The property consists of two separate condo units. The ground floor, with 15’ ceilings, is approximately 8,000 +/- square feet and ready for immediate occupancy. It is vented for possible food and beverage use. The 2nd floor, with its private elevator and separate entrance is zoned for community facility use and was licensed for childcare. Both units will be delivered vacant, offering a blank canvas for an owner-user, or national brand who will appreciate the multi-faceted possibilities.
This offering presents a purchaser with the opportunity to own an iconic, flagship, property on a well-trafficked avenue. The space is divisible, and most uses are permitted including vented cooking. Ideal for any type of retail including, home furnishings, apparel, fitness, medical or health and wellness, 350 6th Avenue is an exceptional choice.
“This high profile, real estate presents an ideal situation for individual tenanted use as well as any combination of retail, medical, educational and office uses,” Polsinelli commented.
The property is located steps from iconic Washington Square Park, New York University and may other well-known Greenwich Village historic destinations. The property is flanked on either side by the West 4th Street Transit hub connecting over seven main train lines as well as buses.
Neighbors include several national chains such as; Chase, Capital One Bank, CVS, and CitiMD, to name a few.
“Fortunately, we are finally seeing signs of a strong retail resurgence as more businesses and organizations, are realizing that owning their real estate has significant advantages,” noted Polsinelli. “This is especially true today as interest rates are still at all-time lows. The renewed boost in real estate activity is just what New York City needed to remind businesses that we are in a “once in a cycle” buying opportunity,” Polsinelli concluded.