Investment Highlights
Executive Summary
Rare Opportunity to own a premier, well situated, mixed-use property on Prestigious Greenwich Ave, in Greenwich CT.? Apple, Restoration Hardware, Richard's, Athleta, Todd Smith, Allbirds, Ba&sh, Aesop, Rodd & Gunn, Herman Miller, Kissaki, Starbucks - all located on the block.? The ground floor Retail space is currently occupied?by Ruby & Jenna, a regional ladies fashion tenant with 13 locations - who has a lease through December 31, 2025.? The Landlord?has a termination?right with 90 days notice, offering tremendous flexibility for the Buyer to take Possession earlier, in the event they would like to do so.??Second floor was recently renovated and is occupied by one office Tenant.? Ruby & Jenna?occupies?a portion of 2nd floor, however they?do not pay rent on this space - in essence offering more upside.? Third floor is a 3 bedroom, 988 SF apartment, which offers?immediate upside - as the unit is currently occupied by a month to month tenant, and is yet to be renovated.Both the 2nd & 3rd floors can be expanded by approximately 800 SF each in the rear, leaving additional development upside to prospective buyer - bringing projected NOI to $389,000?+/-Ideal 1031 Opportunity
