1941-1943 Madison Ave 24,511 SF 100% Leased Retail Building New York, NY 10035 $27,535,601 CAD ($1,123.40 CAD/SF) 5% Cap Rate

Discover a unique development opportunity in East Harlem! This assemblage of three commercial building sits in a prime location, perfectly positioned for mixed-use or retail development. With multiple floors and flexible space options, the building allows for a creative redesign to suit various business needs. This property is surrounded by high-traffic areas, residential developments, and established retail spaces, ensuring a steady flow of foot traffic and visibility. Close to public transit and main thoroughfares, it’s ideal for businesses looking to establish a presence in the vibrant East Harlem neighborhood. Don’t miss out on this chance to invest in one of Manhattan’s most dynamic areas with strong growth potential. The property is currently fully leased out and income producing with the yearly leases and demolition clauses in the leases.
Key Highlights:
• Location: Prime East Harlem, Manhattan
• Zoning: Flexible for mixed-use development
• Proximity: Near public transportation and busy shopping areas
• Potential Uses: Retail, office space, residential above retail
• Development Opportunity: Total square footage 46,992 Sq Ft