New York, NY
- 138,268 rentable sf
Acquired by Normandy on an off-market basis, 799 Broadway is a six story office building located at the corner of 11th St and Broadway in Manhattan’s Greenwich Village submarket, which has the lowest vacancy rate in Manhattan, abundant amenities, and excellent transportation access. The building has approximately 32,000 sf of excess as-of-right air rights, and is occupied by tenants with flexible short-term leases. The investment offers business plan optionality including the renovation or expansion of the existing building and entitlement and construction a new building. Normandy is currently evaluating the various options to react to tenant demand and market conditions.