Mixed-Use Seaport Property Comes to Market
Cushman & Wakefield has been retained to sell 257 Water St., also known as 23 Peck Slip, a 27,522-square-foot mixed-use building located in the Seaport District. The team of Maurice Suede and Daniel Soyak will lead marketing efforts on behalf of the seller, Churchill Real Estate.
“257 Water St. is a great opportunity for an investor to acquire a property with stable and current cash flow today and the ability to improve rents by renovating some of the units,” said Suede. “The building features more than 7,000 square feet of air rights that could be used to add an additional floor to the building.”
The property consists of two conjoined buildings that total 27,522 square feet with 20 free market residential units and two commercial units. One of the commercial spaces is occupied by Mark Joseph Steakhouse, while the other retail space is currently vacant.
- ◦Sale/Acquisition