{"id":1004185483,"date":"2017-07-31T05:31:31","date_gmt":"2017-07-31T13:31:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185483"},"modified":"2017-07-31T05:31:31","modified_gmt":"2017-07-31T13:31:31","slug":"manhattan-retail-condo-commands-25m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manhattan-retail-condo-commands-25m\/","title":{"rendered":"Manhattan Retail Condo Commands $25M"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004185488\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/808-Broadway-Email.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004185488\" data-attachment-id=\"1004185488\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/manhattan-retail-condo-commands-25m\/808-broadway-email\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/808-Broadway-Email.jpg\" data-orig-size=\"888,666\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;CHRISTIAN GARIBALDI&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;COPYRIGHT 2017 GARIBALDI IMAGINEERING LLC&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"808 Broadway, New York City\" data-image-description=\"&lt;p&gt;808 Broadway, New York City&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;808 Broadway, New York City&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/808-Broadway-Email.jpg?w=888\" class=\"wp-image-1004185488 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/808-Broadway-Email.jpg\" alt=\"808 Broadway, New York City\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/808-Broadway-Email.jpg 888w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/808-Broadway-Email.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/808-Broadway-Email.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004185488\" class=\"wp-caption-text\">808 Broadway, New York City<\/p><\/div>\n<p>Dallas-based Delos Shipping has sold a 26,401-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-retail-asset-lands-32m-refi\/\">retail condominium<\/a> for $24.6 million, public data shows. The buyer was 808 Broadway Associates LLC, an entity affiliated with Rubie&#8217;s Costume Co. The sale included a $12.5 million CMBS loan assumption financed by U.S. Bank.<\/p>\n<p>The property spans two adjacent buildings sited at 808 Broadway and 104-110 4<sup>th<\/sup> Ave., built in 1888 and 1981, respectively. The three-story retail unit is fully leased to New York City\u2019s largest costume store, New York Costumes and Halloween Adventure.<\/p>\n<h2>Amenity-filled neighborhood<\/h2>\n<p>Located in Manhattan\u2019s Greenwich Village neighborhood, the unit offers 153 feet of frontage on Broadway and 4<sup>th<\/sup> Avenue. Neighborhood amenities include retailers, eateries and art galleries. The building is surrounded by the Strand Bookstore and New York University, Stuyvesant Town, Washington Square, the Bowery and Tompkins Square. Transportation is facilitated by the Union Square subway station and Astor Place station, both located within walking distance.<\/p>\n<p>HFF Senior Managing Director Andrew Scandalios, Managing Director Rob Rizzi and Director Steven Rutman facilitated the transaction.<\/p>\n<p>\u201c<em>We received a tremendous amount of interest from both private and institutional investors for this unique asset on a section of Broadway that is currently undergoing an impressive transformation,<\/em>\u201d Rizzi said in a prepared statement.\u00a0\u201c<em>New York Costumes is an iconic New York company, and their success is a testament to retailers that are thriving in the ever-changing retail environment.<\/em>\u201d<\/p>\n<p><em>Image courtesy of\u00a0HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rubie&#8217;s Costume Co. purchased the 26,401-square-foot space that is currently fully occupied by New York City\u2019s largest costume store. The sale included an additional $12.5 million loan assumption. <\/p>\n","protected":false},"author":241,"featured_media":1004185488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,1600,21742,10,21749],"tags":[37023,32871,32792],"class_list":["post-1004185483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-new-york","category-latest","category-northeast","category-retail","tag-delos-shipping","tag-greenwich-village","tag-hff"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Manhattan Retail Condo Commands $25M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-retail-condo-commands-25m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manhattan Retail Condo Commands $25M\" \/>\n<meta property=\"og:description\" content=\"Rubie&#039;s Costume Co. purchased the 26,401-square-foot space that is currently fully occupied by New York City\u2019s largest costume store. 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