Key facts
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| Number of units | 1 |
Property description
JLL has been retained on an exclusive basis to arrange for the sale of the ground floor commercial co-op unit at 28 West 38th Street. The subject property is located on the south side of West 38th Street between Fifth and Sixth Avenues. Just two blocks from Bryant Park, the retail co-op is situated at the bottom of a 51,870 SF, 12-story live/work building and contains 3,009 SF across the ground and lower levels. The space features ~20 feet of frontage with 18 foot ceilings, hardwood floors and natural light. In addition, it has its own air conditioning, 24-hour video surveillance system and is ADA compliant. Currently, the unit uses Time Warner with 100 x 10 mbps and FIOS is also available. The unit is scheduled to be delivered vacant, presenting a unique opportunity for investors to lease up the unit at market rent or users to build out the space to their needs.
Investment highlights
Delivered Vacant
20' Feet of Frontage
18' High, Loft-Like Ceilings
Conveniently Location in Close Proximity to Bryan Park
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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