Cushman & Wakefield Retained Exclusively to Sell Mixed-Use Loft Building near Union Square
Cushman & Wakefield has been retained on an exclusive basis to sell a loft building at 9 East 16th Street, located between Fifth Avenue and Union Square West in the Ladies’ Mile Historic District of Manhattan. The asking price is $30,000,000.
The seven-story elevator-serviced building contains approximately 30,680 square feet and sits on a 50’ x 92’ lot. It consists of 15 huge loft units, of which 12 are fair market and three are rent stabilized, and one ground floor commercial unit currently occupied by a restaurant.
Located just off of Union Square, the building is ideal for continued operation as a rental investment or suitable for an immediate condominium conversion.
The property is being marketed exclusively by Cushman & Wakefield’s John Ciraulo and Paul Smadbeck.