{"id":5,"date":"2016-08-25T15:46:00","date_gmt":"2016-08-25T15:46:00","guid":{"rendered":"https:\/\/www.hubbnyc.com\/blog\/2016\/08\/25\/hubb-nyc-properties-picks-up-tribeca-mixed-use-building-for-16m\/"},"modified":"2023-02-10T06:53:45","modified_gmt":"2023-02-10T06:53:45","slug":"hubb-nyc-properties-picks-up-tribeca-mixed-use-building-for-16m","status":"publish","type":"post","link":"https:\/\/www.hubbnyc.com\/blog\/2016\/08\/25\/hubb-nyc-properties-picks-up-tribeca-mixed-use-building-for-16m\/","title":{"rendered":"HUBB NYC PROPERTIES PICKS UP TRIBECA MIXED-USE BUILDING FOR $16M"},"content":{"rendered":"
Commercial Observer<\/p>\n
Written by: Liam La Guerre<\/p>\n
Midtown-based real estate investment firm Hubb NYC Properties has purchased a five-story mixed-use building at 121 Chambers Street from Ackerman Realty for $16.2 million, according to Marcus & Millichap.<\/p>\n
The 18,750-square-foot Tribeca building between West Broadway and Church Street is comprised of 3,200 square feet of retail divided into two units on the ground floor, a 3,200-square-foot office space occupied by artists and designers on the second floor and five residential apartments on the third through fifth floors. An upholstery store with a lease expiring at the end of September is in one of the ground-floor retail units, and the other is vacant.<\/p>\n