Sales  ·  Commercial

Adjacent Tribeca Retail Condos Sell for $8.35 Million


Eastern Consolidated sold two Tribeca retail condominiums housing popular restaurants, The Commercial Observer has learned.

Adelaide Polsinelli, a senior director at the firm, represented the seller, LaGuardia Tribeca Associates, LLC in the sale of the adjacent 355 and 361 Greenwich Street for $8.35 million. The properties house The Harrison and  Tablao restaurants, respectively. Ms. Polsinelli also procured the purchaser, a local investor.

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The Harrison
The Harrison

Eastern was tapped to sell the buildings, along with 496 LaGuardia Place, back in May. 355 Greenwich Street has 2,300 square feet above grade, while 361 Greenwich Street is 2,225 square feet. At the time, Ms. Polsinelli said neighborhood standby and critical hit The Harrison was in the middle of its lease. Tablao opened just last month, replacing Flor del Sol.

“The Greenwich Street corridor – linking the Financial District, Battery Park City and Tribeca – is one of the most significant emerging retail thoroughfares in Manhattan today,” Ms. Polsinelli said in a prepared statement. “The new ownership is bound to benefit from the incredible growth of new residents and visitors in Lower Manhattan.”

Ms. Polsinelli could not immediately be reached for further comment.