AVAILABILITY DETAILS
- Size
- 7,954 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA387934
- Notes
- Cap Rate 5.78%
NOI $2,425,719
Building Size 7,954 sqft
Units 3
Year Built 1912
Trophy Asset | Pride of Ownership | Located at the “A+” Intersection of Broadway (Internationally Known) & 81st Street in the highly affluent, Upper West Side of Manhattan
Bank of America is a Publicly Traded Company (NYSE: BAC) | Investment Grade Tenant (S&P A-)
Irreplaceable Real Estate & Visibility - 103 Feet of Frontage along the Iconic Broadway
Flexibility & Upside with Four (4) Separate Condominium Units (Bank of America currently occupies two (2) units)
100% Leased Asset | Long-Term Stability with Upside from Rental Increases & Below Market Rent
Prime Residential Market | Surrounded by both Historic & Newly Developed Residential Projects
Extremely Dense Urban Infill Location Supported by Mass Transit and a Walk-Friendly City Layout
High Barrier-to-Entry Trade Area
Friction-Free Investment with Minimal Landlord Responsibilities
- Uses
- Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Matt Brooks, Feris Lee Investment