4311 BroadwayNew York, NY 10033

Property Details for 4311 Broadway

Year built

1956

Property size (Sq ft)

2,722 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 2,722-square-foot retail building, situated on a prime corner lot in Washington Heights, Manhattan, presents a compelling investment opportunity. Currently configured as a supermarket, the property will be delivered vacant, allowing for immediate customization to suit a variety of retail uses. The single-story structure, built in 1956 and renovated in 1960, features four on-site parking spaces and additional basement office space. A significant advantage is the inclusion of 4,240 square feet of unused floor area ratio (FAR), offering substantial potential for expansion or redevelopment. The property sits on a 3,475-square-foot lot and is zoned R7-2, C8-3. Its strategic location near the 181st Street (A) subway station ensures excellent accessibility and high visibility. The asking price is $2,750,000, translating to $1,010.29 per square foot and $892.08 per square foot for the land value. This property offers a rare blend of immediate income potential and long-term growth prospects in a thriving Manhattan neighborhood. The building's convenient location provides easy access to local amenities, including nearby colleges, parks, and various retail establishments. This presents a unique chance to acquire a well-positioned retail asset with significant upside potential in a highly desirable area.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.852

Longitude

-73.9349

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