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385 First Ave - Retail Condominium at CODA Local commercial | 864 m² | 10 336 560 € | À vendre | New York, NY 10010
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- In-Place Cash Flow
- Fully Leased Asset
- Excellent Accessibility
- Valuable Corner Retail Frontage
- Diverse Consumer Base
1 Lot disponible
- Lot
- Surface du lot
- Usage du lot en coprop.
- Prix
- RNE
| Type de vente | Investissement |
| Type de vente | Investissement |
Description
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of the retail condominium at CODA, located at 385 First Avenue (“The Property”) in Gramercy Park, Manhattan. The three (3) prime commercial spaces occupy the entire base of the building, situated at the southwest corner of East 23rd Street and First Avenue. With ~200’ of wraparound corner frontage, the Property offers exceptional visibility and access to a diverse customer base of residents, professionals, and students from nearby institutions.
Notes sur la vente
Manhattan’s retail market has demonstrated impressive resilience and growth
throughout 2025 and into Q1 2026, with key leasing metrics indicating a strong
recovery. The annualized average prime asking rents in Manhattan’s retail
corridors rose by 6.7% year-over-year, while direct ground floor availabilities
across the borough’s premier shopping areas hit a new record low of 13.7%.
This “top down” trend in retail leasing suggests that as prime locations become
fully occupied, we can expect increased leasing activity and rising rents in
quality neighborhood retail spaces along busy corridors such as First Avenue
and the 23rd Street thoroughfare.
The fully occupied ground floor retail at 385 First Avenue in Midtown
exemplifies the strength of Manhattan’s retail resurgence. Gramercy’s diverse
mix of residents, office employees, medical industry professionals, and students
provides a robust customer base for the current tenants, while the area’s
reputation for both mainstream and boutique retail aligns with current trends
favoring convenient and unique shopping experiences. The success of these
retailers demonstrates the enduring appeal of well-positioned retail spaces in
high-traffic locations
throughout 2025 and into Q1 2026, with key leasing metrics indicating a strong
recovery. The annualized average prime asking rents in Manhattan’s retail
corridors rose by 6.7% year-over-year, while direct ground floor availabilities
across the borough’s premier shopping areas hit a new record low of 13.7%.
This “top down” trend in retail leasing suggests that as prime locations become
fully occupied, we can expect increased leasing activity and rising rents in
quality neighborhood retail spaces along busy corridors such as First Avenue
and the 23rd Street thoroughfare.
The fully occupied ground floor retail at 385 First Avenue in Midtown
exemplifies the strength of Manhattan’s retail resurgence. Gramercy’s diverse
mix of residents, office employees, medical industry professionals, and students
provides a robust customer base for the current tenants, while the area’s
reputation for both mainstream and boutique retail aligns with current trends
favoring convenient and unique shopping experiences. The success of these
retailers demonstrates the enduring appeal of well-positioned retail spaces in
high-traffic locations
| Lot | Surface du lot | Usage du lot en coprop. | Prix | RNE |
| Lot 3 | 864 m² | Local commercial | 10 336 560 € (11 964,92 €/m²) | - |
Lot 3
| Surface du lot |
| 864 m² |
| Usage du lot en coprop. |
| Local commercial |
| Prix |
| 10 336 560 € (11 964,92 €/m²) |
| RNE |
| - |
1 sur 0
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
Lot 3
| Surface du lot | 864 m² |
| Usage du lot en coprop. | Local commercial |
| Prix | 10 336 560 € (11 964,92 €/m²) |
| RNE | - |
| Type de vente | Investissement |
| Description | |
| Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of the retail condominium at CODA, located at 385 First Avenue (“The Property”) in Gramercy Park, Manhattan. The three (3) prime commercial spaces occupy the entire base of the building, situated at the southwest corner of East 23rd Street and First Avenue. With ~200’ of wraparound corner frontage, the Property offers exceptional visibility and access to a diverse customer base of residents, professionals, and students from nearby institutions.</li></ul> | |
| Notes sur la vente | |
| Manhattan’s retail market has demonstrated impressive resilience and growth <br> throughout 2025 and into Q1 2026, with key leasing metrics indicating a strong <br> recovery. The annualized average prime asking rents in Manhattan’s retail <br> corridors rose by 6.7% year-over-year, while direct ground floor availabilities <br> across the borough’s premier shopping areas hit a new record low of 13.7%. <br> This “top down” trend in retail leasing suggests that as prime locations become <br> fully occupied, we can expect increased leasing activity and rising rents in <br> quality neighborhood retail spaces along busy corridors such as First Avenue <br> and the 23rd Street thoroughfare.<br> <br> The fully occupied ground floor retail at 385 First Avenue in Midtown <br> exemplifies the strength of Manhattan’s retail resurgence. Gramercy’s diverse <br> mix of residents, office employees, medical industry professionals, and students <br> provides a robust customer base for the current tenants, while the area’s <br> reputation for both mainstream and boutique retail aligns with current trends <br> favoring convenient and unique shopping experiences. The success of these <br> retailers demonstrates the enduring appeal of well-positioned retail spaces in <br> high-traffic locations</li></ul> |
Informations sur l’immeuble
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
Caractéristiques
Caractéristiques du site
- Accès 24 h/24
- Accès contrôlé
- Centre de fitness
- Property Manager sur place
- CVC contrôlé par l’occupant
- Portier
- Salle de jeux
- Grill
- Service d’emballage
- Sentiers pédestres et cyclables
- Terrasse sur le toit
- Ascenseur
- Lounge
- Entretien sur site
- Solarium
1 1
Exceptionnellement praticable à pied
100/100
Relativement adapté aux voitures
50/100
Transports en commun exceptionnels
100/100
Exceptionnellement praticable à vélo
90/100
1 sur 7
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
385 First Ave - Retail Condominium at CODA
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