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1325 Fifth Ave - The Retail Condos at the Fifth Avenue 33,047 SF Retail Condo Unit Offered at $23,381,661 CAD in New York, NY 10029

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INVESTMENT HIGHLIGHTS

  • 13 retail condos totaling 33,047 rentable square-feet
  • Situated at the base of two premiere block-front (6)-story elevator condo buildings
  • Retail space boasts 400 linear feet of Fifth Avenue retail frontage
  • Located one block north of Central Park & Museum Mile
  • Assets occupy both sides of prominent Fifth Avenue

EXECUTIVE SUMMARY

GFI Realty Services, LLC is pleased to offer the opportunity to acquire the retail condo package at the base of The Fifth Avenue, South Harlem’s newest luxury condo development. The package is comprised of thirteen retail condo units along Fifth Avenue between 111th and 112th Streets. The units in total contain 33,047 square-feet of retail space and provide 400 linear feet of Fifth Avenue retail frontage. The subject offerings are situated at the base of two newly renovated (6)-story elevator condominium buildings, known as The Fifth Avenue. The twin buildings are ideally located steps from Central Park and just north of Museum Mile. The assets occupy both sides of prominent Fifth Avenue and each building features a total of 200 feet of Fifth Avenue retail frontage. The properties are located within one block of Central Park, shopping, eateries and in close proximity to Museum Mile. Harlem remains one of the most vibrant neighborhoods in New York City. There are many new commercial and residential developments that are joining museums, art galleries, elegantly refurbished brownstones, a variety of retail stores and fine restaurants. In addition to the surrounding attractions, the location of the assets also offers immediate access to the 2, 3, & 6 subway lines, various bus routes and Citi Bike stations. The retail condo units at The Fifth Avenue, comprised of 33,000 square-feet and 400 feet of retail frontage, are guaranteed to benefit from the demand for a more dynamic retail experience close to Central Park. The demand can be attributed to the continuous change in demographics and the increase of pedestrian traffic.

PROPERTY FACTS

Total Building Size 116,592 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class B
Floors 6
Typical Floor Size 17,135 SF
Year Built 1989
Lot Size 1.44 AC
Zoning C1-4

AMENITIES

UNIT AMENITIES

  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range

1 UNIT AVAILABLE

Unit 1-13

Unit Size 33,047 SF
Price $23,381,661 CAD
Price Per SF $707.53 CAD
Condo Use Retail
Sale Type Investment
Cap Rate 7.50%
NOI $1,753,624.55 CAD
DESCRIPTION

13 retail condos totaling 33,047 rentable square-feet

SALE NOTES

Prime Investment Opportunity. 13 retail condos at the base of luxury residential development. 400' of Frontage

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UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 71 - -
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

MAJOR TENANT INFORMATION Click Here to Access

TENANT SF OCCUPIED LEASE END DATE
Harlem Academy - Jan 0000
Fifth Avenue Pharmacy - Jan 0000
Dear Mama - Jan 0000
K-Street Food Corp - Jan 0000
Rusy's Flavor - Jan 0000
  • Listing ID: 38305752

  • Date on Market: 2025-11-03

  • Last Updated:

  • Address: 1325 Fifth Ave, New York, NY 10029

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