Keystone Group lists retail co-op at the De Soto

Space in UWS building was formerly occupied by Capital One Bank

From left: 2460 Broadway, Glenn Tolchin and Yoav Oelsner
From left: 2460 Broadway, Glenn Tolchin and Yoav Oelsner

UPDATED, 11:42 a.m., March 21: Erez Itzhaki’s Keystone Group put the retail co-op at the De Soto building on the Upper West Side on the market for nearly $13 million, The Real Deal has learned.

The 8,600-square-foot space at the base of 2460 Broadway, Also Known As 215 West 91st Street, was formerly leased to Capital One Bank, but has been vacant for more than a year. The residential component of the prewar elevator building holds 89 co-op units, many of which feature 14-foot-high ceilings. Douglas Elliman Property Management serves as building manager.

Glenn Tolchin and Yoav Oelsner of Jones Lang LaSalle have the listing.

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The retail unit offers 93 feet of frontage on Broadway, and 5,700 square feet on the ground floor. The long-term master lease expires in 2085. Itzhaki, who has owned the space for about a year, said the asking rent is $275 per square feet and would ideally be occupied by a bank. Keystone specializes in acquiring retail spaces and multi-family buildings.

The 12-story property was converted to co-ops in 1979, records show.

Elsewhere uptown, retail deals have been cropping up recently. Ashenazy Acquisition Corporation bought the six-unit retail component at Cheshire Group’s Philip House in Carnegie Hill for $17 million. Real estate firm Walter & Samuels acquired a 9,550-square-foot retail condo at 2770 Broadway, a 20-story luxury building known as Opus Condominiums, for $20.3 million, as The Real Deal reported.