2710 BroadwayNew York, NY 10025

For Sale
Call for price

Fully Leased, High-Traffic Location

Overview

Added:
Feb 13
Days on market:
29
This exceptional three-story retail property at 2710 Broadway, New York, NY 10025, offers 14,871 square feet of net rentable space, currently 100% occupied. Boasting a strong NOI of $1,058,733, the building features a highly desirable corner lot with 140 feet of wraparound frontage on Broadway and 104th Street, providing unparalleled visibility. Its prime location is steps from Columbia University and directly across from the 1-Train subway entrance, ensuring high foot traffic. The property includes a diverse tenant mix: a CityMD on the ground floor, the NY Language Center on the second floor, and a fencing studio on the third floor. All tenants benefit from a long-term lease with 3% annual escalations, resulting in a weighted average lease term (WALT) of 8.8 years. Adding significant value is the inclusion of approximately 21,968 square feet of transferable air rights, a unique opportunity given the building's landmark status and recent zoning changes. The property sits on a 4,876 square foot lot and is zoned R9A, EC-3, C1-5 (IH), Individual Landmark. This meticulously maintained asset presents a low-risk investment opportunity in a thriving Manhattan location. The total building square footage is 16,200 square feet. This is a fully leased commercial asset with strong credit-rated tenants.

Highlights

  • Fully leased, three-story retail building totaling 14,871 square feet of net rentable area.
  • Strong tenant creditworthiness with a weighted average lease term (WALT) of 8.8 years and 3% annual rent escalations.
  • Prime Manhattan location steps from Columbia University, offering high visibility and foot traffic on a major thoroughfare.
  • Corner lot with 140 feet of wraparound frontage and adjacency to a subway entrance.
  • 21,968 square feet of transferable air rights, adding significant development potential.

Property Details for 2710 Broadway

Property type
Other retail properties, Retail properties
Square Feet
16,200 SF
Stories
3

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7994388
Longitude
-73.9679358
2710 Broadway, New York, New York

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2710 Broadway
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