For Sale
$10,500,000

3809 BroadwayNew York, NY 10032

Prime NYC location, strong tenants, redevelopment potential

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional 15,700 square foot retail property at 3809-3819 Broadway in New York City's Washington Heights presents a compelling investment opportunity. Currently housing Apple Bank and McDonald's, the property boasts a prominent corner location with 190 feet of combined frontage on Broadway and West 159th Street. The Apple Bank space is available, offering significant redevelopment potential, while McDonald's, a credit tenant, is under a corporate lease extending through 2030, providing stable income. The C4-4 zoning (4.00 FAR) allows for a substantial 38,000 square foot buildable area, opening doors to various development scenarios. This multi-tenant property benefits from a triple net (NNN) lease structure and is situated near excellent transportation options, including the 1 and C trains. The surrounding area features a vibrant mix of businesses, including Dunkin', Chipotle, Planet Fitness, and Subway, ensuring high foot traffic and visibility. This unique asset is ideal for owner-users seeking expansion or investors looking for a strong return in a prime New York City location. The asking price is $10,500,000.

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8353651
Longitude
-73.944455
3809 Broadway, New York, New York

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3809 Broadway
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