335-337 Malcolm X Blvd 6,648 SF 70% Leased Retail Building New York, NY 10027 $9,188,775 CAD ($1,382.19 CAD/SF)

This 3 story, mixed-use, corner building awaits a new owner to capitalize on the opportunity this location affords. Redeveloped in 2005, this property has over 106 ft of frontage. It is comprised of 6,648 sq ft and is a 100% free market building. It is comprised of 2,216 sq. ft. of ground floor retail space currently connected plus, below grade basement space and, four apartments @ 1108 sq ft each.
The sale of this property is timely. New commercial tenants at this location will be among Central Harlem’s newest retailers: Pandora, Target, Trader Joe’s and Sephora which opened their doors in Summer 2024. This property and its new commercial tenants are the next coming attraction. Rent growth in secondary real estate markets like Harlem will continue to accelerate as tenants are priced out of higher rent submarkets.
This property is book-ended at the corner of Harlem’s restaurant row. Currently, configured as a medical office, this property can be repurposed to meet the needs of Harlem’s existing residents, over 171 new inhabitants, tourists and the over 1000 employees expected to arrive with the new Urban Empowerment Center to include: National Urban League's headquarters, a 17 story residential tower, 110,000 sq ft of retail, 70,000 sq ft of Class A office space and, a new Urban Civil Rights Museum. Located on a highly trafficked commercial block, this property is poised for new ownership and tenancy to usher this property into the next wave of urban transformation.
The transit oriented location creates added value potential. Situated on Harlem’s bustling Lenox Avenue corridor just 2 blocks of the 125th Street ?? express subway station, the property benefits from tremendous access to public transportation in one of NYCs most sought-after regional centers, culinary destinations and NYC’s fastest growing commercial corridor.
The neighborhood is known for its local institutions and historic architecture, the influx of large-scale development has transformed the area into a 24/7 hub for residents, professionals and tourists alike. Historic landmarks include: Studio Museum in Harlem, Apollo Theatre, Schomburg Center for Research and Black Culture and, the new Renaissance Hotel. Notable restaurants and bars: the Victoria, Sylvia’s, Red Rooster, Corner Social, Sette Pani, Starbucks. Local Shopping: Whole Foods, AT &T, Wells Fargo Bank, TD Bank, Marshalls, TJ Maxx, Victoria’s Secret, Just Salad and much much more.
Own a piece of Harlem Today!