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61 Lenox Ave - Corner Net-Leased Harlem Retail Unité de condo • Commerce de détail • 1 440 pi² • À vendre 877 659 $ CAD • New York, NY 10026
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Corner retail condominium on Lenox Avenue and W. 113th Street, just three blocks from Central Park and the 110th Street (2 & 3 trains) subway station.
- No use restrictions and venting permitted, offering strong adaptability for future tenants
- 100% occupied by Dry Clean NYC under a 10-year lease through January 2032, with 3% annual increases and tax reimbursements.
- Dense residential base with thousands of housing units within a few blocks, driving consistent foot traffic and customer base.
FAITS SUR LA PROPRIÉTÉ
COMMODITÉS
COMMODITÉS DES UNITÉS
- Chauffage
- Cuisine
- Four
- Fourchette
COMMODITÉS DU SITE
- Édifice d'époque
1 UNITÉ DISPONIBLE
Unité Retail
| Taille de l’unité | 1 440 pi² | Type de vente | Investissement |
| Prix | 877 659 $ CAD | Taux de capitalisation | 6,35% |
| Prix par pi² | 609,49 $ CAD | Revenu net d’exploitation | 55 734,77 $ CAD |
| Utilisation du condo | Commerce de détail |
| Taille de l’unité | 1 440 pi² |
| Prix | 877 659 $ CAD |
| Prix par pi² | 609,49 $ CAD |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement |
| Taux de capitalisation | 6,35% |
| Revenu net d’exploitation | 55 734,77 $ CAD |
DESCRIPTION
The subject offering is a 1,430-square-foot retail condominium located on the corner of Lenox Avenue and W. 113th Street in Upper Manhattan’s Harlem
neighborhood. The unit has a total square footage of 2,757 SF, with 1,430 SF at grade and an additional 1,327-square-foot lower level. The unit is built 50 x 29,
with fifty feet of retail frontage along Lenox Avenue.
The offering is leased to Dry Clean NYC on a ten-year lease that runs through January 2032. The tenant has 3% annual increases and reimburses for real estate taxes above the base year (2022/2023). There are no options to renew. Dry Clean NYC operates five locations between Manhattan and the Bronx. This is a dropoff only site; no actual dry cleaning is performed on the premises.
NOTES SUR LA VENTE
This unit has no use restrictions, and venting is permitted. The offering occupies the ground floor of the Parc Vues, a five-story, 15-unit pre-war building that was
converted to condominiums in 2006.
This is an opportunity to acquire a corner, 100% occupied retail asset with below-market rent and no use restrictions. The property is three blocks from Central Park and three blocks from the 110th Street Train Station (2 and 3 Trains). Thousands of housing units are located within just a few blocks.
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61 Lenox Ave - Corner Net-Leased Harlem Retail
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