New York Convenience Stores For Sale

59 E 1st St

Bayonne, NJ 07002

Convenience Store
Industrial for Sale
112,000 SF

Bayonne Industrial for Sale - Hudson Waterfront

This industrial warehouse offers 112,000 square feet of functional space on a 6-acre lot, providing ample room for operations and logistics. The facility features heavy power capacity with 3,000 amps, ceiling heights ranging from 16 to 20 feet, and approximately 8,000 square feet of office space. Designed for efficiency, it includes six dock-high loading doors and one drive-in overhead door, along with ample parking for employees and trucks. Strategically located just minutes from the Verrazzano Bridge, the property offers excellent connectivity to New York City, the I-95 Corridor, and major highways including I-78, I-278, and I-95. This prime location makes it ideal for distribution, manufacturing, or logistics operations seeking convenience and accessibility. Bring all Offers!!!

Contact:

Greiner-Maltz of New Jersey LLC

Property Subtype:

Warehouse

Date on Market:

2025-06-06

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358-360 Broome St

New York, NY 10013

Convenience Store
Multifamily for Sale
19,157 SF

Air Conditioning
Controlled Access
Kitchen
Smoke Detector

New York Multifamily for Sale - Soho

The Forray Team at The Corcoran Group is pleased to present 358-360 Broome St. A remarkable well-maintained prewar mixed-use building in heart of vibrant Nolita. Phenomenal location in a bustling retail corridor, the property features two (2) commercial retail tenants with current uses as convenience store & e-bike along with thirty-four (34) rent-stabilized residential units above. Twenty-five (25) of those units have been updated. This exclusive listing presents a coveted offering of an existing mixed-use brick/masonry property (C7 Building Class) built on a colossal 49.08 X 85.67ft lot providing incredible frontage. The existing six (6) story building boast approx. gross total building square footage of 23,198SF. Within C6-2G zoning in Little Italy special district, an additional +/- 8,260SF can be expanded upon the property, offering a maximum usable FAR of 28,144! This landmarked building is perfect for new ownership/investor looking for an exceptional investment and significant value to their existing portfolio. The retail rents are under-market and underutilized and with ownership delivering six (6) vacant units, there is plenty of potential to maximize upside. 358-360 Broome St offers easy access to vibrant landmarks, parks, food markets, museums, art galleries, bars/restaurants, nightlife, and hotspots. In center of it all with close proximity to Tribeca, Soho, Noho, Little Italy, Chinatown, Greenwich Village, East Village, and Lower East Side makes it easy to experience all of Downtown. Commuters will appreciate proximity to the Manhattan/Brooklyn/Williamsburg Bridges, FDR Drive, and BQE, along with nearby B/D/J/N/Q/R/W/Z/6 subways (Bowery, Spring St, Grand St, Canal St, and Prince St) easy to access anywhere in Manhattan, Brooklyn, and Queens. Popular nearby establishments include Musket Room, Emilio's Ballato, Estela, Rubirosa , Peasant, Wayan, Kimika, Torrisi, Pasquale Jones, Caf Gitane, Caf Habana, Pietro, Egg Shop, Thai Diner, and La Esquina to name just a few. Please reach out to exclusive listing brokers to request a sales memorandum and discuss this remarkable opportunity.

Contact:

The Corcoran Group

Property Subtype:

Apartment

Date on Market:

2025-05-15

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2066 85th St

Brooklyn, NY 11214

Convenience Store
Medical for Sale
1,520 SF
1 Unit Available

Brooklyn Multifamily for Sale - South Brooklyn

MOTIVATED! SELLERS WILL CONSIDER ALL OFFERS. Low taxes with ICAP tax abatement approved Community Facility Use - Medical Office / Dental / Day Care / Senior Care / Religious Located in the lively and culturally rich Bensonhurst neighborhood of Brooklyn, New York, this property, completed in 2022, has never been occupied and is a rare opportunity now available for sale. Perfectly positioned just one block from the 20th Avenue subway station and a short distance to the bustling 86th Street corridor, the property offers exceptional convenience with access to public transportation, retail, dining, and other essential services. This lower-level space spans an impressive 1,520 square feet and is move-in ready, featuring finished walls and floors along with a stylish glass entrance that enhances its visibility and appeal. Designed with accessibility in mind, the property includes an ADA-compliant restroom, ensuring it meets modern accessibility standards. Whether you're looking to establish a new venture or expand your operations, this versatile and thoughtfully designed space offers endless potential in a highly sought-after Brooklyn location. Block/Lot: 6346/1001 Maintenance: Estimated approx $365 (after adjustment) ICAP tax abatement approved!

Contact:

Modern Spaces

Property Subtype:

Apartment

Date on Market:

2025-04-16

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More details for 2615 4th St, Astoria, NY - Multifamily for Sale

Astoria Riverview - 2615 4th St

Astoria, NY 11102

Convenience Store
Office/Retail and Retail for Sale
1,586 - 7,295 SF
13 Units Available

Air Conditioning
Bicycle Storage
Doorman
24 Hour Access
Fitness Center
Conference Rooms
Controlled Access
Waterfront
Wheelchair Accessible

Astoria Multifamily for Sale - Northwest Queens

Brand-new mixed-use high-rise condominium at 26-01 4th Street, Astoria, NY 11102 Prime Location – Astoria Waterfront Situated in one of Queens’ fastest-growing neighborhoods, with excellent connectivity to Manhattan and Long Island City. The Astoria waterfront is experiencing rapid growth, with new housing, retail, and infrastructure projects continuously shaping a vibrant urban neighborhood. Surrounded by a dense residential population and strong community demand. Second Floor: A total of 12 community facility / office condo units for sale or lease ranging from 1,500 SF up to 40,000 SF ( Entire 2nd Floor ) . Perfect for school, medical office, clinic, daycare ,or professional services. Eligible for 15-Years ICAP . Independent Entrance :Direct and separate access exclusively for the 2nd floor. 2 ADA compliant elevators designed to meet full accessibility standards, providing convenience for all users. Dedicated Facilities include : Reception lobby / front desk , mail room , bicycle storage room, general storage room. Upper Floors: 143 residential condominium units, offering strong built-in demand and customer base for the retail and office components. On-site parking spaces available .

Contact:

Elaine Tian

Property Subtype:

Apartment

Date on Market:

2025-04-14

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36-46 35th St

Long Island City, NY 11106

Convenience Store
Industrial for Sale
2,900 SF

24 Hour Access
Roof Terrace

Long Island City Industrial for Sale - Northwest Queens

This stunning 2,900 SF WAREHOUSE with 2nd floor live/work/office space in Long Island City offers the perfect blend of comfort and functionality. Very functional warehouse and a private entrance to 2nd fl studio for added convenience and privacy, as well as a spacious balcony. With its versatile layout, this warehouse/office studio is perfect for use as an art studio, studio office, contractor or any creative endeavor. Located only 1.5 blocks from the multiple subway lines, close to major roadways ; Northern Blvd, Queens Blvd, BQE, and LIE. Call Eitan to schedule tour at 917-716-7751

Contact:

Greiner-Maltz Company of New York, Inc.

Property Subtype:

Warehouse

Date on Market:

2025-03-28

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More details for 1475 Hylan Blvd, Staten Island, NY - Retail for Sale

Corner Location w Retail/Office/Warehouse - 1475 Hylan Blvd

Staten Island, NY 10305

Convenience Store
Retail for Sale
6,760 SF

Staten Island Retail for Sale

PreReal Real Estate is pleased to present 1475 Hylan Blvd, a highly unique, corner property strategically located at the intersection of Hylan Blvd & Benton Ave in the desirable Dongan Hills neighborhood. This versatile building offers an exceptional mix of retail, warehouse, and office space, making it an ideal opportunity for investors, owner occupant, or a combination of both. Strategic Flexibility: 1475 Hylan Blvd has been long occupied by family-run businesses and can be delivered occupied or potentially vacant, allowing for: - Full owner-occupancy for businesses needing a prime location with built-in infrastructure - Partial owner-use with passive rental income - A fully leased investment with strong potential upside - Unmatched Accessibility & Convenience: - Close proximity to the Verrazzano-Narrows Bridge, providing easy access to Brooklyn & Manhattan. Easily accessible by all major transportation routes. - Surrounded by thriving retail, restaurants, and essential services.

Contact:

PreReal

Property Subtype:

Freestanding

Date on Market:

2025-03-12

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8746 20th Ave

Brooklyn, NY 11214

Convenience Store
Office for Sale
16,489 SF

Natural Light

Brooklyn Office for Sale - South Brooklyn

Office Building for Sale Presenting a modern, newly built office building, constructed in 2018, located in a prime Brooklyn location. This property features high ceilings, central air conditioning, and an elevator for seamless accessibility, ensuring a sophisticated and functional space for professional use. Situated near the Belt Parkway, the building offers excellent connectivity, enhancing convenience for clients and employees. Its contemporary design and strategic location make it an exceptional investment opportunity for businesses or portfolios seeking quality and versatility. - Sub-Lower Level: Vacant - Lower Level: Physical Therapy: Oct 2021 - Oct 2031, + 5 Yr Option - First Floor: Northwell Hospital: Nov 2023 - Oct 2028 - Second Floor: Vacant - Third Floor: Pediatrics: Oct 2023 - Sep 2028 Contact the listing agent for further details or to arrange a private viewing.

Contact:

Momentum Realty Group

Property Subtype:

Medical

Date on Market:

2024-12-16

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633 Third Ave

New York, NY 10017

Convenience Store
Office/Medical for Sale
2,030 - 19,729 SF
7 Units Available

Natural Light
Security System
Drop Ceiling
24 Hour Access
Fitness Center
Controlled Access
Metro/Subway
Restaurant

New York Office for Sale - Grand Central

Address: 633 Third Avenue, New York, NY 10017 Location: Entire Easterly block front of Third Avenue between 40th & 41st Streets Building Type: Class A Building Size: Approximately 1,000,000 square feet Building Height: 41 stories Year Built: 1962, designed by Harrison and Abramowitz Lobby: Double height lobby, renovated in 1996, designed by Kohn, Pederson, Fox Construction: Steel frame and concrete slab floors Ceiling Heights: Slab-to-slab heights are 11'-10"

Contact:

Time Equities, Inc.

Date on Market:

2024-08-22

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633 Third Ave Condo Units

Convenience Store
Office for Sale
101,750 SF
5 Office Properties

New York Portfolio of properties for Sale - Grand Central

Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire floors 33, 34, 35, 36, and 37 at 633 Third Avenue (“The Property”). The Class A office condominiuma are located on Third Avenue within one of the most highly desired submarkets in Manhattan, the Grand Central submarket, just east of Bryant Park and west of the United Nations. The Property is being sold by Time Equities (“Owner” or “TE”), the original Sponsor who converted the office tower to condominium in 1995. The floors will be delivered vacant allowing immediate possession. Each floor in 633 Third Avenue is a separate condominium unit. Time Equities owns the 33rd through 37th floors and the associated common areas, representing an approximate 10.024% condominium ownership interest in the building. The subject units are identified as Block 1314, Lots 1432, 1433, 1434, 1435, and 1436 on the tax maps of NYC. Each floor measures approximately 19,729 RSF for a total contiguous block of 98,645 RSF. Floors 33-34 are interconnected via an internal staircase and floors 35-37 are interconnected via an internal staircase making seamless interconnectivity for two and three floor tenants. Other Owners of condominium interests in the building include Memorial Sloan-Kettering Cancer Center, the New York State Governor’s Office, the Consulate General of Switzerland and Austria, UNICEF, The World Zionist Organization as well as many other consulates, missions, For- and Not-For-Profit organizations.

Contact:

Cushman & Wakefield

Date on Market:

2024-08-07

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More details for 54 Preston Ave, Staten Island, NY - Health Care for Sale

54 Preston Ave - 54 Preston Ave

Staten Island, NY 10312

Convenience Store
Health Care for Sale
$1,504,217 CAD
2,538 SF

Staten Island Health Care for Sale

Welcome to a rare opportunity in the heart of Eltingville! This beautifully maintained mixed-use property offers endless potential for both end-users and investors. The main level features a spacious, fully cleared medical suite, ideal for a variety of medical practice uses, while the upper level boasts a stunning, updated 3-bedroom, 1.5-bath apartment with generous natural light and a modern layout, recent renovations and off street parking. Perfectly situated in one of Staten Island's most desirable neighborhoods, this property combines convenience, versatility, and comfort. Whether you're looking for a home with income potential, a space for your business, or a smart long-term investment, this unique setup delivers exceptional value. Close to shopping, transportation, and local amenities. A must-see property with opportunities you won't find often in the area!

Contact:

Keller Williams Realty Staten Island

Date on Market:

2025-12-05

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141-19 Rockaway Blvd

Jamaica, NY 11436

Convenience Store
Retail for Sale
$1,092,609 CAD
1,920 SF

Jamaica Retail for Sale - South Queens

Prime mixed-use property at 141-19 Rockaway Blvd, Jamaica, NY 11436, offered at $799,000. This two-story building features two residential units and a commercial storefront, ideal for an owner-user or investor seeking rental income. Located on a high-traffic corridor near JFK Airport, major highways, and shopping, the property offers excellent visibility and convenience. Zoned R5D/C1-3, with a building size of 1,920 sq. ft. and annual taxes around $4,000, this is a rare opportunity in a thriving neighborhood.

Contact:

Liberty Realty Corp

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-11-14

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135 W 136th St

New York, NY 10030

Convenience Store
Specialty for Sale
$2,734,940 CAD
3,600 SF

New York Specialty for Sale - Harlem/North Manhattan

This elegant three-family townhouse in Central Harlem offers over a 4% cap rate—a rare opportunity to own a fully leased, 100% free-market property with strong income and long-term growth potential. It can also be reimagined as a beautiful single-family home. With 3,552 sq ft of interior space (including an 888 sq ft finished basement with a half bath), the residence features soaring ceilings, expansive rooms, and individual central AC controls for each unit. Set on a charming tree-lined street, the property combines old-world Harlem character with modern convenience. Just moments from the 2/3 and A/B/C trains and multiple bus lines (M1, M2, M7, M102), it offers effortless access to Midtown and beyond. Located in a rapidly appreciating pocket of Harlem, it represents both stability and upside for investors and end-users alike. Behind its stately 1910 façade and welcoming front stoop, the triplex offers three spacious bedrooms, two bathrooms, and an open kitchen that flows seamlessly to a sun-filled dining area and private garden—perfect for entertaining or quiet reflection. A full-size washer/dryer and abundant storage complete the home. The newly finished basement includes a half bath and is currently configured as an art studio, easily adaptable to a home office or recreation room. Updated mechanicals and a separate utility room add function and peace of mind. Beyond the property itself, this neighborhood tells a story of culture, community, and momentum. Around the corner are Harlem’s celebrated landmarks—the Schomburg Center, local theaters, and galleries—alongside everyday conveniences and Harlem’s vibrant culinary scene. Enjoy destinations like Red Rooster, Renaissance Harlem, Ponty Bistro, Maison Harlem, and Lido, each reflecting the spirit of Harlem’s creative renaissance. This townhouse embodies the best of historic charm, income potential, and modern Harlem living—a smart, soulful investment.

Contact:

COMPASS

Property Subtype:

Residential Income

Date on Market:

2025-11-07

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7 Hillside Ave

New York, NY 10040

Convenience Store
Retail for Sale
$1,982,832 CAD
1,302 SF

New York Retail for Sale - Harlem/North Manhattan

7-9 Hillside Ave, New York, NY 10040. Investment with Strong Income and Future Development Potential Prime investment opportunity located in the heart of Inwood/Washington Heights. This one-story commercial property is currently leased to a well-established deli, offering consistent rental income and significant long-term redevelopment potential under R7-2 zoning. The property sits on a 25 × 100 ft lot (2,500sqft) with the ability to build up to approximately 8,600 sq ft. The existing structure is around 2,500sqft and in solid condition. The current tenant operates a successful neighborhood deli under a 5 year remaining lease, paying $6,000/month ($72,000/year). Estimated Net Operating Income (NOI) is approximately $61,200/year, offering attractive returns depending on final negotiated price. This property presents a rare opportunity for both passive investors seeking stable cash flow and developers looking for future upside. R7-2 zoning allows for potential multi-family or mixed-use development when the current lease expires. Located steps away from the A and 1 subway lines, parks, and major retail corridors, the property benefits from strong foot traffic, excellent visibility, and access to local amenities. Property Highlights: •Asking Price: $1,450,000 (Negotiable) •Lot Size: 25 × 100 ft (2,500 sq ft) •Buildable Area: ~8,600 sq ft (R7-2 zoning) •Existing Tenant: Established Deli (5 years remaining) •Current Rent: $6,000/month ($72,000/year) •Stable income with future redevelopment potential •Excellent location near subways, schools, and residential buildings

Contact:

ADCNY REALTY CORP

Property Subtype:

Convenience

Date on Market:

2025-10-30

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More details for 6647 Sedgwick Plz, Brooklyn, NY - Land for Sale

6647 Sedgwick Place Brooklyn,NY 11220 - 6647 Sedgwick Plz

Brooklyn, NY 11220

Convenience Store
Land for Sale
$1,504,217 CAD
0.09 AC Lot

Brooklyn Land for Sale - South Brooklyn

Exceptional Opportunity in Bay Ridge! Sedgwick Place between 67 Street and Wakeman Place near Ferry and Owl's Park. Presenting a rare chance to build a custom 5,300 sq. ft. single-family in one of Bay Ridge’s most convenient and desirable locations. This future home site offers stunning panoramic views of the Manhattan skyline, including the Statue of Liberty. The design allows for private underground parking and a driveway (approx. 800 sq. ft.), providing convenience and exclusivity. This property offers an incredible blend of luxury potential, location, and lifestyle. Don’t miss this rare opportunity.

Contact:

A.P. Services Inc

Property Subtype:

Residential

Date on Market:

2025-10-29

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5024 10th Ave

Brooklyn, NY 11219

Convenience Store
Medical for Sale
$955,862 CAD
1,755 SF
1 Unit Available

Air Conditioning
24 Hour Access
Controlled Access
Kitchen
Smoke Detector

Brooklyn Multifamily for Sale - South Brooklyn

Prime Medical Office Condo in Borough Park Presenting a rare opportunity to acquire a 1,755 sq ft medical office condominium situated in the heart of Borough Park, Brooklyn. This ground-level unit is located just two blocks from Maimonides Medical Center—Brooklyn’s largest hospital and a nationally recognized leader in healthcare innovation. Located in an elevator building, the condo features two private entrances, offering flexibility and privacy for both staff and patients. Its prime location ensures excellent accessibility via public transportation, with the D train (Fort Hamilton Parkway and 50th Street stations) and the B35 bus line just minutes away. Surrounded by 13th Avenue and other key neighborhood streets, the area is a hub of restaurants, shops, and community services, making it an ideal setting for healthcare professionals. Community Facility Use: This property also benefits from community facility zoning, making it suitable not only for medical use but also for social service agencies, child care centers, and other community-based uses. Whether you're expanding your practice or investing in a flexible-use commercial space, this property combines size, location, and convenience in one of Brooklyn’s most established medical corridors. For more information or to schedule a viewing, contact Exclusive Broker.

Contact:

Coldwell Banker Reliable Real Estate

Property Subtype:

Apartment

Date on Market:

2025-10-27

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More details for 31-16 Linden Pl, Flushing, NY - Hospitality for Sale

Flushing Garden Hotel - 31-16 Linden Pl

Flushing, NY 11354

Convenience Store
Hospitality for Sale
$14,358,435 CAD
14,786 SF

Flushing Hospitality for Sale - Northeast Queens

An outstanding hospitality investment is available at 31-16 Linden Place, Flushing, Queens, NY. The offering consists of a five-story boutique hotel with 30 guest rooms and dedicated on-site parking, set on a 6,250 SF parcel with a 14,786 SF building footprint. The location is highly advantageous, situated just minutes from the Whitestone Expressway and I-678, allowing quick connectivity to LaGuardia Airport, Citi Field, and Flushing’s Main Street transit hub. The property also benefits from being surrounded by established, high-traffic retailers such as Stop & Shop, McDonald’s, and Wendy’s, ensuring consistent exposure and demand. Rated 3 stars, the hotel offers a balance of affordability and convenience, appealing to a wide traveler base. The strong visibility, combined with its positioning in a rapidly developing corridor of Queens, creates exceptional potential for both steady income generation and long-term value growth. This property represents a rare chance to secure a profitable and well-located hospitality asset in one of New York City’s most dynamic neighborhoods.

Contact:

Tony & Williams Real Estate Brotherhood Group Inc

Property Subtype:

Hotel

Date on Market:

2025-10-21

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More details for 7523 Fort Hamilton Pky, Brooklyn, NY - Office for Sale

Prime Mixed-Use - 7523 Fort Hamilton Pky

Brooklyn, NY 11228

Convenience Store
Office for Sale
$2,596,826 CAD
3,300 SF

Brooklyn Office for Sale - South Brooklyn

Prime Mixed-Use Opportunity! This versatile property features one beautifully maintained apartment and a spacious duplex level ideal for professional or commercial use. Perfect for a medical office, legal practice, or day care center. the space offers flexibility, visibility, and convenience. Whether you're looking to live where you work or invest in a high-demand location, this property delivers both comfort and potential. Includes a detached private garage.

Contact:

Ben Bay Realty Company of Bay Ridge

Property Subtype:

Office/Residential

Date on Market:

2025-10-19

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2102 Avenue T

Brooklyn, NY 11229

Convenience Store
Specialty for Sale
$13,674,700 CAD
8,878 SF

Brooklyn Specialty for Sale - South Brooklyn

2102 Avenue T- Rare opportunity! Introducing a remarkable 60 x 100 lot in prime Brooklyn, located at 2102 Avenue T, offering unique features and immense potential. Per the owner, this property already possesses a certificate of occupancy, allowing for a house of worship, day care center/school, and dormitory. Notably, the NEW APPROVED PLANS, as per the owner, include the exciting addition of two extra floors atop the existing building, which houses the synagogue. Each floor will accommodate three spacious classrooms, providing an excellent educational space. Additionally, the dormitory will see an expansion with an approved plan for one more floor, featuring six rooms. Currently, the establishment boasts 16 bedrooms (equivalent to 32 beds). However, with the upcoming construction of an additional floor, the accommodation capacity will expand by 6 bedrooms, resulting in a total of 22 rooms and 44 beds. In accordance with the owner's vision, the expansion will also introduce 6 extra classrooms, bringing the total to 12. These improvements will allow the facility to accommodate an impressive number of students, ranging from approximately 180 to 200 individuals. Moreover, the inclusion of a 44-bedroom dormitory further enhances the convenience. This unique offering presents an exceptional opportunity for educational institutions or investors seeking to establish a thriving campus. Embrace this chance to make a mark in the education sector by capitalizing on this approved plan and extraordinary property. ADDED BONUS there are two FULLY-DETACHED HOMES- 2110 & 2112 Avenue T (25X100-Single family & 30X100-two family) available for extra charge. Combined, the lot size is 11,500 square feet and 100 x 115. The zoning is R4- with a 2.0 FAR. The 100 x 115 Lot will accommodate a building of 23,000 SQUARE FEET. If you are looking to build or expand your school- this is the place to do it! Call today for a showing. (If you would like a copy of the plans and/or survey- please reach out to us).

Contact:

Century 21 MK Realty

Property Subtype:

Schools

Date on Market:

2023-08-03

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Steinway Street Development Site

Convenience Store
Retail for Sale
9,500 SF
2 Retail Properties

Astoria Portfolio of properties for Sale - Northeast Queens

Unlock the potential o f23-01, 23-05 Steinway Street located in the heart of Astoria. This 7,500 sq. ft. lot consists of 23-01 Steinway Street, 2,500 SF(25X100ft), a three-story building with a restaurant on the ground floor and residential tenants on the second and third floors, all of which can be delivered vacant. 23-05 Steinway Street, 5,000SF(50X100ft) is a one-story automobile repair facility and can be delivered vacant. Both lots are within the R5D zone allowing a favorable floor area ration(FAR). The site offers a unique opportunity to develop a mixed-use buildable area of up to 39,227 sq. ft. under as of right allowances. This property is ideally suited for residential and retail development providing flexibility for investors or developers seeking to capitalize on the thriving Astoria market. Steps from the Q101 Bus Stop and is a short walk to the 31st Street Astoria Ditmars N/W stop, this corner development site ensures convenience and connectivity, enhancing the value of future development. Don’t miss your chance to bring your vision of life to one of New York City’s most sought-after neighborhoods.

Contact:

Helmsley Spear LLC

Date on Market:

2025-12-18

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554 Fort Washington Ave

New York, NY 10033

Convenience Store
Land for Sale
0.44 AC Lot

New York Land for Sale - Harlem/North Manhattan

CBRE has been exclusively retained to facilitate the sale of 554 Fort Washington Avenue (the “Property”), a ~160,000-square-foot development site in the Hudson Heights residential neighborhood of Northern Manhattan. The offering presents developers the unique opportunity to construct up to= ~96,700 residential square feet supported by a community facility component. The site is located on a block through 100’ x 180’ lot, spanning from Fort Washington Avenue to Overlook Terrace between 183rd and 187th Streets. The Property benefits from being located atop one of the highest points in Manhattan. Primed for development, 554 Fort Washington Avenue has a residential Floor Area Ratio (FAR) of up to 5.01 under the City of Yes framework. Due to the slope of the property, the community facility space built below grade will have access to natural light and air. When constructed, the Property will offer residents breathtaking 360° unobstructed views from nearly ground level – unachievable elsewhere. The convenience of being just 350 feet from the express subway entrance ensures easy commutes to midtown and outer boroughs. With excellent access to transportation along with abundant parks and greenery, the site is ideal for young professionals and families alike. The Property is currently occupied by Birch Family Services, a highly reputable nonprofit organization. The organization signed a 10-year triple-net (NNN) lease in 2020, currently paying $46 PSF (excluding tax contributions), with a rent escalation to $55 PSF scheduled for November 2025. Birch Family Services has expressed interest in leasing the community facility component of any future development, should it be built to suit. The site offers convenient access to the West Side Highway and the George Washington Bridge, enhancing connectivity to the greater New York area. The neighborhood features tree-lined streets, bustling retail along 181st and 187th Streets, and a diverse array of dining options, making it a vibrant community favored by families and young professionals. Its proximity to notable landmarks, including Yeshiva University, New York-Presbyterian Hospital, and the scenic Fort Tryon Park—home to the renowned Cloisters Museum overlooking the Hudson River—further enhances its appeal. In summary, 554 Fort Washington Avenue represents the premier opportunity to create significant residential and community facility development in one of the most supply-constrained markets.

Contact:

Cushman & Wakefield

Property Subtype:

Residential

Date on Market:

2025-02-26

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