New York, NY – Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market two mixed-use buildings totaling 20,204 square feet located at 108 and 119 South Street for sale.
Cushman & Wakefield’s Maurice Suede and Daniel Soyak will be leading the marketing efforts on behalf of the seller.
“119 and 108 South Street are two great opportunities for an investor to acquire a property with stable and current cash flow and the ability to improve rents by renovating some of the units,” said Suede. “Combined, the buildings feature 19 free market residential units and two commercial units on long-term leases. The rental market in New York City has continued to improve with occupancy and median rents exceeding pre-pandemic levels.”
108 South Street is a five-story, 6,251-square-foot property that features three residential units and a retail unit comprised of the ground and second floors.
119 South Street is a five-story, 14,053-square-foot property that features 16 residential units, one ground floor retail unit and an in-building laundry facility.
The properties are located in the Seaport neighborhood, within walking distance to an array of retail, dining and entertainment options as well as major subway lines, providing easy access to the surrounding neighborhoods. The assets are just steps from Pier 17 and the Tin Building, both part of Howard Hughes Corporation’s revitalization of the South Street Seaport.
Cushman & Wakefield Retained to Market Two Mixed-Use Buildings in South Street Seaport for Sale
Jayden Lapin-Tatman • 2/21/2023
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.