2082 Frederick Douglass Blvd - Apartments CONDO FOR SALE


New York, NY 10026- Central Harlem
$925,000 USD
917-539-0402
2082 Frederick Douglass Blvd, New York, NY for Sale
$925,000 USD
Apartments CONDO - FOR SALE
1/11
null | 6.74% Cap Rate

2082 Frederick Douglass Blvd
New York, NY 10026
Central Harlem


OVERVIEW

The subject offering is a 464-square-foot retail condominium located on Frederick Douglass Boulevard between West 112th and West 113th Streets in Upper Manhattan’s Harlem neighborhood. The unit has a total square footage of 833 with 464 square feet at grade with an additional 369-squarefoot lower level. The unit has 17 feet of retail frontage along Frederick Douglass Boulevard. The offering is leased to Harlem Amor on a ten-year lease that runs through July 2034. The tenant has three percent annual increases and reimburses for real estate taxes above base year (2024/2025). The unit has gas and venting in place, in addition to no use restrictions. The offering occupies the ground floor of a five-story, 14-unit hybrid building that was converted to condominiums in 2007. This is an opportunity to acquire a 100 percent occupied retail asset in a high-foot traffic area and no-use restrictions. The property is three blocks away from the B, C, and D subway lines. Thousands of housing units are located within just a few blocks.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$1,850 USD /SF

CAP RATE

6.74%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net-Leased Bar/Restaurant

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

8,555 SF

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,426 SF

ZONING

R7-2, New York (C7)

APN/PARCEL ID

1828-1408,1828-1410,1828-1415

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.