Holliday Fenoglio Fowler, L.P (“HFF”) has been exclusively retained to arrange the sale of the newly created Leasehold Interest in 147 East 86th Retail (the “Property”), a 30,645 rentable square foot retail condominium situated at the base of the newly developed Hayworth, a 21-story, 61-unit, fully amenitized luxury condominium building. The modern glass Property with 17’2” ceiling heights on the ground floor and efficient floor plans is located on the irreplaceable corner of 86th Street and Lexington Avenue in the heart of Manhattan’s affluent Upper East Side neighborhood, and is 100% leased by JPMorgan Chase Bank (S&P: A+) and Old Navy (S&P: BB+) on a long term basis. The Property boasts 154’ square feet of frontage along the Lexington Avenue and 86th Street retail corridor and lies on top of the 86th Street subway station, which is the most residential trafficked subway station in Manhattan with 14.3 million annual riders. The Property represents a premier opportunity to acquire a stable cash flowing asset with long-term leases situated on one of the most desirable retail corridors in Manhattan.
If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.