This attractive retail condo offers an outstanding opportunity for a user or investor to own a piece of the American Thread Building. The unit is currently leased and operating as a dry cleaning/tailoring business with revenue equal to $6,556 per month. The current tenant has an ongoing lease to operate at the location until 2020. This retail space comes with bathroom rights, for the occupant to use.
The American Thread was built in 1894, the historic building is a spectacular Renaissance Revival masterpiece that curves gently from West Broadway to Beach. Its striking limestone and brick detail make it one of the neighborhood’s most beloved icons as well as a haven for such famous names as Isabella Rossellini, Naomi Campbell, Gisele Bndchen, Cindy Lauper, Freedom Williams, and the Etro family. Residents enjoy 24-hour doorman and concierge service, a sunny roof deck, gym, and bike room.
Tribeca is one of the most desirable neighborhoods in New York City, where both residential and commercial developments continue to spring up within this small Manhattan enclave. Flanked by beautiful Tribeca Park, the immediate neighborhood boasts a delightful plaza-like feel. In the heart of Tribeca and with SoHo just steps away, the best of Downtown living surrounds in every direction. Transportation is effortless with A/C/E, 1, J/Z, N/Q/R/W and 6 trains all within blocks.