Skip to content
  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Land
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All Leases
  • Finance
    • Acquisition
    • CMBS
    • Construction Financing
    • Distress
    • Refinance
    • Deals of the Week
    • All Finance
  • Investments
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All Sales
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All Development
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All Capital Markets
  • Tech
  • Weekly Issue
  • Events
  • Power
  • More
    • Players
    • Legal
    • Policy
    • Features
    • Research & Analysis
    • Columnists
    • Partner Insights
    • Transportation
    • Videos
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
Commercial Observer
  • Industry
  • Residential
    • Multifamily
    • Homebuilding
    • Condo
    • Hotel Condo
    • Student Housing
    • Single-Family Rental
    • Short-Term Rental
    • Senior Living
  • Office
    • Coworking
    • Flex
  • Retail
    • Shopping Centers
    • Outlet/Factory Malls
    • Supermarkets/Grocery Stores
    • Showrooms/Dealerships
    • Street Retail
  • Industrial
    • Data Centers
    • Distribution Centers
    • Industrial Outdoor Storage
    • Manufacturing
    • Self-Storage
    • Studios/Soundstages
    • Warehouse
  • Hospitality
    • Casinos
    • Convention Centers
    • Hotel/Resort
    • Restaurants
  • Land
    • Farm Land
    • Parking Lots
  • Healthcare
    • Hospitals
    • Medical Offices
    • Nursing Homes & Assisted Living
  • Life Sciences
  • Special Purpose
    • Air Rights
    • Arenas/Stadiums
    • Development Rights
    • Educational
    • Government/Military
    • Museums
    • Place of Worship
    • Theaters
  • Infrastructure
    • Airports
    • Bridges/Tunnels
    • Highways
    • Railways
  • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
    • Deals of the Week
    • All
  • Investments & Sales
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All
  • Technology
  • Policy
    • Housing
    • Transportation
    • Urban Planning
    • Zoning
  • Legal
  • Weekly Issue
  • Events
  • Power Series
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Partner Insights
    • Players
    • Videos
  • Advertise
  • Contact
  • Reprints
  • Newsletters
  • Power Finance
  • Power 100
  • Owners Magazine
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
  • © 2025 Observer Media · Terms · Privacy

Investments & Sales
Tribeca

Presented By: Meridian Capital Group

Meridian Investment Sales Team Sells Property at 90 Chambers Street for $10.7 Million

By Meridian Capital Group May 17, 2017 11:57 am
reprints


Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, exclusively represented the seller, Chambers Fish LLC and procured the buyer, Castellan Real Estate Partners. Meridian’s Lipa Lieberman, Abie Kassin, and David Schechtman, exclusively represented the seller and procured the buyer. Meridian Capital Group Vice President, Judah Hammer, negotiated the assumption of the existing loan on the property on behalf of Castellan Real Estate Partners.

The five-story mixed-use property, located at 90 Chambers Street in the heart of Manhattan’s popular Tribeca neighborhood, consists of five residential units and 2,175 square feet of ground floor retail space. The walk-up property’s second, third and fourth floors are loft apartments, the fifth floor has two residential units and the building has approximately 5,000 square feet of air rights. Each unit features an open kitchen with stainless steel appliances, in-unit washer and dryer, and marble bathrooms. Situated on a heavily trafficked block between Broadway and Church Street, 90 Chamber Street’s façade was renovated and painted, the roof was recently replaced and there is an existing elevator shaft, which can be recommissioned as a value-add opportunity by the new owner. The property is a fully leased building with strong cash flow and offers an excellent opportunity for a condominium conversion, in a neighborhood, where demand continues to outpace supply.

SEE ALSO: Elme Communities to Dissolve After $1.6B Multifamily Sale to Cortland

Located in prime Tribeca, 90 Chambers Street is less than a block from City Hall Park and offers close proximity to some of Downtown Manhattan’s most sought after tourist attractions. It is also within walking distance from a variety of restaurants, shops, a popular nightlife scene and the Hudson River Park. Tribeca has become an increasingly desirable neighborhood for home seekers, due to an abundance of reputable schools, and access to public transportation, including the A, C, N, R, J, Z, 1, 2, 3, 4, 5, and 6 subway lines.

“Tribeca is rapidly expanding and there is a strong need for additional residential and retail supply,” said Mr. Lieberman. “90 Chamber Street’s premier location offers residents and visitors some of the city’s most sought after attractions, adding foot traffic and making this fully-leased property a hard to come by investment opportunity.”

90 Chambers Street, Abie Kassin, David Schechtman, Lipa Lieberman, Sponsored, sponsored-link, Castellan Real Estate Partners, Meridian Capital Group
 
Trending Stories
Residential · Finance
New York City

Madison Realty Capital Lends $57M for SoHo Condo Tower Development

Residential · Investments & Sales
Washington DC

Elme Communities to Dissolve After $1.6B Multifamily Sale to Cortland

Office · Development
New York City

Metro Loft, Quantum Pacific Plan 337 Units for 767 Third Avenue Conversion

Mixed-Use · Investments & Sales
New York City

Landmarked Bowery Savings Bank Building Sells For $21M

Cortland CEO Steve DeFrancis and The Wellington apartment complex in Arlington, Va.
Residential · Investments & Sales
Washington DC

Elme Communities to Dissolve After $1.6B Multifamily Sale to Cortland

By Nick Trombola
David Schectman of Meridian Capital (top), Michelle Abramov of RIPCO (bottom), and 130 Bowery.
Mixed-Use · Investments & Sales
New York City

Landmarked Bowery Savings Bank Building Sells For $21M

By Larry Getlen
Modera Skylar in Miami.
Residential · Investments & Sales
Florida

Mill Creek Sells Miami Rental Complex for $73M

By Julia Echikson
More

  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Infrastructure
    • Mixed-Use
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
  • Investments
    • Development Site
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
  • Technology
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Legal
    • Players
    • Transportation
  • About
    • Membership
    • Advertise
    • Newsletters
    • Contact
    • Reprints

Read the latest edition of the Commercial Observer online!

July 28th 2020 Magazine Issue Cover
© 2025 Observer Media Terms Privacy Cookie Settings Do not sell my data Sitemap