Winick Realty Group Exclusively Markets the Retail at 15 Union Square West
Winick Realty Group has been selected to exclusively represent a retail opportunity at 15 Union Square West, located between Union Square West and Fifth Avenue in the heart of Union Square.
President Steven E. Baker, Kenneth Hochhauser and Charles Rapuano are marketing the property on behalf of the State Teachers Retirement System of Ohio, one of the largest domestic pension funds in the United States.
“It is our pleasure to bring to market what is truly a one-of-a-kind retail site in the heart of one of Manhattan’s busiest neighborhoods,” said Baker, “and we are delighted to do so on behalf of such a prestigious organization.”
The retail at 15 Union Square West is located at the base of the former Tiffany Building and still retains some of the original features from that era, including unique ironwork on the ceiling. Currently a high-end luxury condominium, the building is ideally situated across the street from bustling Union Square, where 350,000 daily pedestrian and 35 million annual subway passengers converge.
The space comprises approximately 2,880 square feet on the ground floor, 980 square feet in the mezzanine, and 900 square feet in the basement. The previous tenant invested a great deal of capital into the build out of the space, installing black iron venting, an HVAC system, an ADA bathroom and lift, a walk in fridge and freezer, and more infrastructure improvements. All of their installations remain in place for the next tenant.
“This location is ideal for an experienced operator who knows the neighborhood,” said Rapuano. Baker, Hochhauser and Rapuano are marketing the space to all use groups, including restaurants that can take advantage of the incredible and infrastructure and build-out already in place. They have already seen strong interest in the site, including from well-known New York restaurateurs.
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Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.