Available For Sale - Retail

577 SF | Show Pricing $

Retail Space in New York for sale

AVAILABILITY DETAILS

Size
577 SF
Price/SF
Show Pricing $
Listing ID
SA481823
Notes
Description

Lee & Associates NYC is pleased to exclusively present the opportunity to acquire the retail condominium unit located at 214 West 72nd Street in the Upper West Side neighborhood of New York, NY. Located at the base of a newly constructed residential building, the retail space has been tenanted with a successful operator on a new 15 year lease. The tenant, Ignite Convenience, is a high end convenience store operator with several locations throughout the city.

The building, Parker West, consists of 18 units with exceptional, private full-floor homes. The 22-story new construction building reimagines sophisticated, boutique living in one of New York’s most iconic neighborhoods. Residential units in the building sell at approximately $2,000 per square foot.

Highlights

5.05% Cap Rate

Prime frontage on West 72nd Street just off Broadway

Neighbors include Trader Joe’s, Bloomingdale’s The Outlet Store, UPS, The North Face, Bank of America, Duane Reade, Chipotle, Mattress Firm, AT&T, The Vitamin Shoppe, and JackRabbit Sports

One of the most electric retail corridors on the Upper West Side, 72nd Street’s foot traffic is spurred by the double-wide street and unmatched access to transit, all just three blocks from Central Park

Steps away from the 1, 2, and 3 subway lines with 12,879,887 riders annually
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
George Steffani, Lee & Associates