The Real Deal New York

Related’s Tribeca Park rental building could sell for $300M

Property in Battery Park City also includes 2,700 square feet of retail space
April 16, 2014 10:05AM

The Related Companies’ Tribeca Park rental building in Battery Park City hit the market — and is expected to sell for $300 million.

Eastdil Secured brokers Adam Spies and Doug Harmon were tapped to market the 325,365-square-foot property at 400 Chambers Street and North End Avenue.

The 27-story site also has a 123-space parking garage and nearly 2,000 square feet of retail.

If Tribeca Park were to undergo a conversion to condominiums, 80 percent of the units would be eligible because it is an 80/20 building. Rents range from $3,575 to $4,995 per month. Robert A.M. Stern designed the building, which also offers a private garden, playroom, indoor pool, and roof deck with a barbecuing station. [NYP, 2nd item]Mark Maurer