Retail Condominiums 1380 Madison Ave. Multi-Family FOR SALE


New York, NY - East Harlem
$5,250,000 USD
646-245-3254
, New York, NY for Sale
$5,250,000 USD
Multi-Family - FOR SALE
1/5
null | 4.69% Cap Rate

Retail Condominiums 1380 Madison Ave.
New York, NY
East Harlem


HIGHLIGHTS

  • Prime Upper East Side Madison Avenue frontage in an iconic neighborhood setting.
  • Surrounded by high-income residential blocks and steady daily pedestrian movement.
  • Close proximity to Central Park, Museum Mile, and multiple cultural institutions.
  • Strong transit access with nearby 4/5/6 and Q subway lines supporting customer draw.
  • Two nationally recognized, credit-worthy tenants.

OVERVIEW

This rare opportunity consists of two high-quality retail condominium units offered together at a combined purchase price of $5,250,000. The assets are anchored by two nationally recognized, credit-worthy tenants: Bank of America and Van Leeuwen Ice Cream. Both tenants recently executed new long-term leases, providing the incoming investor with stable income and minimal near-term rollover. The property benefits from strong tenant branding, established customer traffic, and essential-service draw. Bank of America offers long-term credit stability, while Van Leeuwen adds a modern, experience-driven retail component that appeals to a wide demographic. The pairing creates an attractive and diversified income stream. The asset is projected to generate a 2026 Net Operating Income of $240,000, offering investors durable cash flow backed by reputable operators. With new leases in place, minimal capital requirements, and two well-performing tenants, this offering is ideally suited for investors seeking secure, low-management retail income.

ASK ABOUT THIS PROPERTY

Jamison WeinerJamison Commercial REMore Info
646-245-3254

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Jamison WeinerJamison Commercial REMore Info
646-245-3254

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