Selling Retail in a pandemic is getting easier!
Adelaide Polsinelli, Vice Chairman of Compass, a technology-driven real estate platform, has been hired to market an exceptional ground floor, retail property at the base of 15 East 16th Street, steps from Union Square, in the heart of the Flatiron District neighborhood in Manhattan.
The property is located midblock, on 16th Street, directly across the street from Union Square Park and all the excitement of the neighborhood. The opportunity consists of 4,000 square feet of dramatic, light-flooded ground floor retail which is duplexed with a spacious 4,000 square foot lower level. The retail unit is currently occupied and can be delivered vacant for a user.
“This superbly renovated retail co-op, with 30-feet of generous frontage and 20 foot high ceilings, has been used as a gallery and can be delivered vacant, making it ideal for an owner-user or investor,” Polsinelli said.
With a full floor to ceiling glass storefront, the space presents users with a distinctive canvass from which to showcase their brand.
“The area around Union Square has quickly become home to some of the top tech firms,” noted Polsinelli. “With the retail landscape evolving, I am seeing owner users stepping up as buyers to purchase real estate for their own business,” continued Polsinelli.
“As we turn the corner on Covid, more businesses will be placing bets on real estate”, added Polsinelli. “What better time to buy, than at the bottom of a ten year cycle?” Polsinelli concluded.
About Polsinelli: With over 30 years of experience, Polsinelli has sold over 1,500 properties, valued at over $40 billion in every asset class including multifamily, retail, office, development, note sales, air rights, partnership interests, unsold shares and retail condos. She has sold over $1.4 billion in the last few years, spanning NYC, Miami, Boston, Chicago and most of the northeast corridor. Prior to joining Compass, she was a Principal at the now defunct, Eastern Consolidated.
About Compass: is a technology-driven real estate platform dedicated to creating a seamless and intelligent buying, selling, and leasing experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. With $1 Billion in revenue, and $35 Billion in sales volume, Compass has 238 offices with locations in 122 markets, including New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen. New funding fuels international expansion, enhanced technology developments for agents and consumers. Compass was founded by Ori Allon, who sold two previous companies to Google and Twitter, and business partner Robert Reffkin, a former White House Fellow and Chief of Staff to Goldman Sachs’ President & COO.
