Thursday, October 31, 2013

180 Second Ave. is for sale

There's a new listing for 180 Second Ave., the 5-story building between East 11th Street and East 12th Street that houses the New Orleans-themed bar the Ninth Ward on the ground floor.

Details from Massey Knakal:

[T]his 5 story mixed-use property is currently configured with a restaurant/bar on the ground floor, leased until 2020 and offices above. The retail tenant’s space features a solarium that is used for outdoor seating. Their rent is under market on an Avenue that commands rents upwards of $135/SF. The property also benefits from additional air rights. This is a prime investment or user opportunity.
As for those air rights: 2,784 square feet are available. Building price (air rights included!): $7.65 million.

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