Former home of HSBC Bank and Manhattan Kid’s Club
Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been hired to market for sale, the 17,000 +/-square foot, retail condo with 160’ of wraparound frontage, located at 350 6th Avenue, also known as 88 Washington Place, on the North East Corner of Sixth Avenue.
The property consists of two separate condo units. The ground floor, with 15’ ceilings, is approximately 8,000+/- square feet and ready for immediate occupancy. It is vented for possible food and beverage use. The 2nd floor, with its private elevator and separate entrance is zoned for community facility use and was licensed for childcare. Both units will be delivered vacant, offering a blank canvas for an owner-user, or national brand who will appreciate the multi-faceted possibilities.
This offering presents a purchaser with the opportunity to own an iconic, flagship, property on a well-trafficked avenue. The space is divisible, and most uses are permitted including vented cooking. Ideal for any type of retail including, home furnishings, apparel, fitness, medical or health and wellness, 350 6th Avenue is an exceptional choice.
“This high profile, real estate presents an ideal situation for individual tenanted use as well as any combination of retail, medical, educational and office uses,” Polsinelli commented.
The property is located steps from iconic Washington Square Park, New York University and may other well-known Greenwich Village historic destinations. The property is flanked on either side by the West 4th Street Transit hub connecting over seven main train lines as well as buses.
Neighbors include several national chains such as; Chase, Capital One Bank, CVS, and CitiMD, to name a few.
“Fortunately, we are finally seeing signs of a strong retail resurgence as more businesses and organizations, are realizing that owning their real estate has significant advantages,” noted Polsinelli. “This is especially true today as interest rates are still at all-time lows. The renewed boost in real estate activity is just what New York City needed to remind businesses that we are in a “once in a cycle” buying opportunity,” 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 $1.5 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 $1.95 Billion in revenue, and $77 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.
