Skip to content
Logo
  • Leases
    • Industrial
    • Office
    • Retail
    • All Leases
  • Finance
    • Acquisition
    • CMBS
    • Construction
    • Refinance
    • All Finance
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
    • All Sales
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
    • All Design + Construction
  • Technology
  • More
    • Features
    • Columnists
    • Analysis
    • Research
    • Partner Insights
    • Industry
    • Legal
    • Players
    • Transportation
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Brooklyn
    • Queens
    • Bronx
    • National
    • Washington DC
  • Videos
    • On-Demand Events
    • Leasing + Sales
    • Retail
    • All Videos
  • Weekly Issue
  • Events
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
Logo
  • Leases
    • Industrial
    • Office
    • Retail
    • All
  • Finance
    • Acquisition
    • Construction
    • CMBS
    • Refinance
    • All
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
    • All
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
    • All
  • Technology
  • More
    • Features
    • Columnists
    • Analysis
    • Research
    • Partner Insights
    • Industry
    • Legal
    • Players
    • Transportation
    • All
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Brooklyn
    • Queens
    • Bronx
    • National
    • Washington DC
  • Videos
    • On-Demand Events
    • Leasing + Sales
    • Retail
    • All Videos
  • Weekly Issue
  • Events
  • Advertise
  • Contact
  • Reprints
  • Commercial Observer Video
  • Power 50 List
  • Power 100
  • Owners Magazine
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout

© 2017 Observer Media · Terms · Privacy

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.

SEE ALSO: Sabet Group Buys Broome Street Building for $21M 

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.

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, Castellan Real Estate Partners, David Schechtman, Lipa Lieberman, Meridian Capital Group, Sponsored, sponsored-link, TriBeCa
 
Trending Stories
Finance  ·  Construction
New York City

Columbia Pacific Lends $28M to Refi Site of LIC Self-Storage Project

Finance  ·  Technology
National

Lenders Pioneer With Structures and Terms Amid Mature Market

Technology  ·  Industry
New York City

Industry Leaders Say It’s Time to Get Innovative

Leases  ·  Retail
New York City

Target Hitting Times Square With Small-Format Store



Sales  ·  Commercial
Los Angeles

Skanska Launches LA Development Practice

By Greg Cornfield
Leases  ·  Sales
Washington DC

Tysons Office Leased to Freddie Mac Commands $81M

By Keith Loria
Sales  ·  Commercial
Los Angeles

Griffin Capital Unloads Office Property in El Segundo for $64M

By Greg Cornfield

  • Leases
    • Industrial
    • Retail
    • Office
  • Finance
    • Acquisition
    • Construction
    • CMBS
    • Refinance
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
  • Technology
  • More
    • Features
    • Columnists
    • Analysis
    • Research
    • Industry
    • Legal
    • Players
    • Transportation
  • About
    • Advertise
    • Contact
    • Reprints

Read the latest edition of the Commercial Observer online!

Example Issue Cover
© 2019 Observer Media · Terms · Privacy