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Owner-User or Development Opportunity 31 W 138th St 4,696 SF 100% Leased Retail Building New York, NY 10037 $3,244,551 CAD ($690.92 CAD/SF)
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale 31 West 138th Street, New York, NY 10037 (the “Property”). Currently a vacant two story industrial/storage property in the heart of Central Harlem, the Property represents the opportunity to acquire an asset with immediate potential for an owner-user or developer. Situated on a 2,348 square foot lot within an R7-2 zoning district, the property offers flexibility for continued industrial/storage uses while also presenting long-term redevelopment potential in one of Upper Manhattan’s steadily evolving residential corridors.
Located just off Fifth Avenue and near the 2/3 and B/C subway lines, 31 West 138th Street combines near-term functionality with future development upside in a growing Manhattan neighborhood where opportunities for flexible industrial space and redevelopment sites have become increasingly limited.
Located just off Fifth Avenue and near the 2/3 and B/C subway lines, 31 West 138th Street combines near-term functionality with future development upside in a growing Manhattan neighborhood where opportunities for flexible industrial space and redevelopment sites have become increasingly limited.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,696 SF
Building Class
C
Year Built
1920
Price
$3,244,551 CAD
Price Per SF
$690.92 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.26 AC
Zoning
R7-2
Frontage
25’ on 138th St
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1736-0026 | Improvements Assessment | $190,241 CAD |
| Land Assessment | $155,324 CAD | Total Assessment | $345,565 CAD |
Property Taxes
Parcel Number
1736-0026
Land Assessment
$155,324 CAD
Improvements Assessment
$190,241 CAD
Total Assessment
$345,565 CAD
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Owner-User or Development Opportunity | 31 W 138th St
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