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Deals & Dealmakers

Adelaide Polsinelli Hired to Sell Iconic Tribeca Retail Condo

Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been hired to sell, or lease, the 4,100 +/-square foot, retail condo with 15’ of frontage, at 11 Jay Street, in Tribeca, one of the most sought after, trendy and creative neighborhoods in New York City.

The property is a very rare, loft-style duplex, commercial condominium located on the historic quintessential Jay Street. This is a unique, one of a kind opportunity to purchase or lease a magnificent creative space designed for many versatile uses.

11 Jay is one of a handful of buildings located on this quaint cobblestoned residential block. 11 Jay Street is located between Hudson and Greenwich Streets and is intersected by Staple Street, one of the most photographed locations in New York City.

This location is known as the Tribeca West Historic District and is one of the most desired and visited areas in Tribeca. This property is located within walking distance to Duane Park, Goldman Sachs, Citibank, St. Johns Terminal which houses Google and Disney, as well as many other new developments, hotels, fine dining and open air spaces.

Having a generous 15 feet of frontage, the property consists of 2000sf on the ground floor with four glass offices and glass conference room enhanced with light-flooding skylights. There is one newly renovated bathroom on this level. The lower level consists of 2000sf of legal lower level suites, full pantry and two newly renovated bathrooms.

11 Jay Street was built in 1920 as an egg and cheese warehouse. The wood joist and beam building was converted to condominium In 1985. It is located on a stunning, old world cobblestone street flooded with some of the city’s most elegant multi-million dollar residences. This opportunity presents a purchaser several exceptional options such as retail, office and other creative purposes. Its past uses were high-end production offices, with boutique retail and gallery spaces.

“Fortunately, we are finally seeing signs of a strong retail resurgence as more businesses and organizations, are realizing that owning their real estate, is far more advantageous,” commented Polsinelli. “This is especially true today as real estate is one of the greatest hedges against inflation,” Polsinell concluded.

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