NEW YORK CITY- In Tribeca's East Historic District, 36 Walker St., a five-story walk-up building that retains its original tin ceilings, windows and interior brick walls, has sold for $8.75 million. The property was delivered vacant. Marcus & Millichap arranged the transaction.

The mixed-use site offers the undisclosed buyer an 11,336-square-foot redevelopment opportunity. Barbara Dansker, of Marcus & Millichap's Manhattan office, exclusively represented the seller, a private investor. Dansker also procured the buyer, an active owner and manager in New York City.

According to a recent GlobeSt.com article, TriBeCa has seen upped activity as of recent. Between Greenwich and Hudson streets in Manhattan's TriBeCa neighborhood, a seven-story boutique office building at 177 Franklin St. has traded for $16.75 million. The property is the flagship store of Shinola, an American lifestyle brand.

TriBeCa has become a highly desired neighborhood among investors, according to Principal and Head of Tri-State Investment Sales James Nelson who led the transaction. "The Shinola building at 177 Franklin Street benefits from its great location as well as state-of-the-art technology and architectural landmark details throughout. This deal is also another demonstration of our solid track record in this neighborhood and ability to find the right buyer," he said.

Instant Insights /

TriBeCa Historic District Property Gets New Ownership

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