300 WEST 122 STREET

Elite ListingRetail Condo ManhattanHarlem

$24,000,000

Price

4.6%

Cap Rate

2

Units

$1,100,000

NOI


Property located at 300 WEST 122 STREETIc expand

Lee & Associates NYC is pleased to exclusively present the opportunity to acquire the retail condominium units located at 300 West 122nd Street in the Harlem neighborhood of New York, NY.​ Located at the base of a newly constructed residential building, the retail space is broken up into two units, one above grade with a portion of the below-grade space leased to Lincoln Market, a grocer that allows the space to qualify for the FRESH program and associated tax abatements, and one below grade unit in the process of being leased.​ The spaces combine for approximately +/-27,303 sf, with about 16,244 above grade and 11,059 below grade.​ The acquisition opportunity provides a retail investor or 1031-exchange peace of mind investing in a recession and pandemic proof anchor grocer tenant with a long-term in-place lease supplemented by the benefits of the FRESH program tax incentives.​

Property Details

Block/Lot:1948/35
Lot Dimensions 207.37 x 99.0
Lot Area23,521 sq.ft
Zoning: R8A
FAR as Built:0.17
Max FAR:6.0

Exclusive Agent

George Steffani

Lee & Associates NYC

Contact AgentView Setup

Sales & Transactions

AddressNeighborhoodBuilding ClassSale PriceSale Date
620 WEST 153 STREETHARLEM-UPPERR5$22,500,00002/22/2018
1810 THIRD AVENUEHARLEM-EAST $2,200,00005/25/2016
1825 MADISON AVENUEHARLEM-CENTRALRK$6,000,00005/04/2016
227 WEST 116 STREETHARLEM-CENTRALRK$1,410,00004/04/2016
2110 FREDERICK DOUGLASS BHARLEM-CENTRALRK-10/23/2015
479 WEST 152 STREETHARLEM-UPPERRK$1010/12/2015
1967 ADAM C POWELL BLVDHARLEM-CENTRALRK-07/17/2015
1967 ADAM C POWELL BLVDHARLEM-CENTRALRK$3,445,00007/17/2015
1967 ADAM C POWELL BLVDHARLEM-CENTRALRK-07/17/2015
1967 ADAM C POWELL BLVDHARLEM-CENTRALRK-07/17/2015