September 10, 2008

ABS Partners Real Estate, LLC has been appointed to exclusively market a loft building at 372 Broadway in Tribeca. Once the industrial heart of the City, Tribeca's factories and unique cast iron fronted warehouses have been converted to spacious lofts, apartments and condos. The neighborhood has become a haven for artists who found the loft spaces in these old buildings perfectly suited for studios. With its trendy art scene, hot restaurants and boutiques, and some of the city's top real estate, Tribeca has evolved into a prime neighborhood of Manhattan.

The building is located between White Street and Franklin Street and goes through the block to Cortland Alley. The 5-story, 18,750 SF building has high ceilings throughout and will be delivered with full possession. Approximately 4,400 SF of air rights exist and are included in the sale.

The 3,750 SF of retail space with a selling basement and sub-basement below presents a terrific opportunity for a fashion forward user to own a piece of this emerging retail corridor.

ABS is exploring several different options for the owners of 372 Broadway including:

a) Outright sale or joint venture
b) Lease the Retail space
c) Sale of the retail space as a condominium unit with the basement and sub-basement.

Anand Melwani, Randy Modell, Alan Cohen and Steve Hornstock of the ABS team are handling all inquiries for 372 Broadway. All four can be reached at (212) 400-6060.




372 Broadway, New York, NY