New York, NY – Avison Young brings to market 53 Beach Street located in TriBeCa. The property was originally built in 1915 as a multi-story industrial warehouse and has since been converted into a fully equipped, seven-story, high-end boutique office building with a new penthouse addition and finished rooftop deck. The 43,799-square-foot (sf) property boasts 150’ of wraparound frontage along the corner of Beach Street and Collister Street.

Representing the owners are James Nelson, Charles Kingsley, David Shalom, and Alexandra Marolda, all based in Avison Young’s New York City office.

“TriBeCa is the executive hub for live, work, and play and is well known for its historic charm and iconic streetscape, which continues to drive interest for companies looking for right-sized properties where they can operate with autonomy and create a unique corporate home. This is an exceptional opportunity for owner-occupiers looking for a full-building headquarters space,” said Nelson.

A recent, full-scale renovation to the property includes a comprehensive overhaul of interior spaces, a penthouse addition with a private rooftop deck, excavation of the cellar to maximize usable space, and new mechanical, electrical and plumbing systems. The property is being offered vacant with flexible zoning for office or residential conversion. “The corner lot with great light and air makes for an ideal residential conversion and the submarket continuously outperforms itself year-over-year,” said Nelson.