Stan Johnson tapped to market $39.5M UWS retail condo, formerly home to Ollie’s

TRD New York /
Feb.February 08, 2013 01:30 PM

The Oklahoma-based commercial brokerage Stan Johnson Company has been tapped to exclusively market the Class A retail condominium located at 1991 Broadway for $39.5 million, according to a company release. Jason Maier, a Stan Johnson director, and associate Jeff Karp, are in charge of the marketing.

The condo boasts 7,500 square feet, broken down into 3,000 square feet of ground-floor retail, 2,000 square feet on the mezzanine level and 2,500 square feet in the basement, which is usable, Maier told The Real Deal.

The space also includes an interior atrium with public seating, which Maier said could be bought back from the Department of Buildings, to increase rentable square feet.

As previously reported, the space was formerly occupied by Chinese food eatery Ollie’s. Union Square Hospitality Group CEO Danny Meyer was reportedly eyeing the condo, which is between West 67th and West 68th streets and adjacent to an Apple store.

Some banks and national clothing retailers are interested in the space, Maier said, but declined to comment further. Previous reports said that Nike, Anthropologie, Patagonia and other eatery chains such as Junior’s and the Cheesecake Factory have voiced their interest.

“We haven’t accepted anything,” Maier said. “We haven’t negotiated anything.”

The condo has 60 feet of frontage on Broadway and vaulted ceilings.

Jeffrey Roseman of Newmark Grubb Knight Frank Retail is the leasing agent at the retail condo. —Zachary Kussin

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