Overview

Description

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 3809-3819 BROADWAY — New York, NY.

Situated on a prime corner of Washington Heights, 3801-3819 Broadway is a 15,700 SF commercial building consisting of two units at the corner of Broadway and West 159th Street. The main commercial space is currently occupied by Apple Bank, operating as a bank branch for customers with offices for administrative staff. The secondary commercial space is currently occupied by McDonald’s, a credit tenant on a corporate lease through 2030.

The property’s zoning allows for both residential and commercial redevelopment, or for the property to continue operating as a commercial building. With the current anchor tenant’s unit being delivered vacant, this unique asset is ideal for an owner user looking to expand their business as well as reap the benefits of having a credit tenant on one of Northern Manhattan’s busiest retail corridors.

Highlights

• Financing available for qualified sponsor
• License Agreement for limited time providing cash-flow post-closing
• Existing Footprint is 15,700 SF (88’ x 100’)
• 190’ of Combined Retail Frontage Along Broadway and Fort Washington Avenue at West 159th Street
• Anchor tenant’s space delivered vacant, offering significant redevelopment potential
• Delivered with Credit Tenant McDonald’s On corporate lease through 2031
• Conveniently Located Near Several Transportation Options Including The Train at the 157 Street Station and the Train at the 163 Street Station

Documents

---