Harlem Amor - Net-Leased Bar/Restaurant — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10026

Investment Figures

Cap rate
6.74%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The subject offering is a 464-square-foot retail condominium located on Frederick Douglass Boulevard between West 112th and West 113th Streets in Upper Manhattan’s Harlem neighborhood. The unit has a total square footage of 833 with 464 square feet at grade with an additional 369-squarefoot lower level. The unit has 17 feet of retail frontage along Frederick Douglass Boulevard. The offering is leased to Harlem Amor on a ten-year lease that runs through July 2034. The tenant has three percent annual increases and reimburses for real estate taxes above base year (2024/2025). The unit has gas and venting in place, in addition to no use restrictions. The offering occupies the ground floor of a five-story, 14-unit hybrid building that was converted to condominiums in 2007. This is an opportunity to acquire a 100 percent occupied retail asset in a high-foot traffic area and no-use restrictions. The property is three blocks away from the B, C, and D subway lines. Thousands of housing units are located within just a few blocks. Investment Highlights: • 100% Occupied Ground-Floor Retail Condo Located One Building Off the Corner of 112th Street on Frederick Douglass Blvd in Manhattan's Harlem Neighborhood. • Fully-Vented Bar/Restaurant. Tenant, Harlem Amor, has a Lease Through 2034 With 3% Annual Increases. • Incredibly Cheap Annual Tax Bill and Located Just a few Blocks Away From the Subway and Central Park. Minimal Management Retail Asset and Valuable Vented Retail Space.

Market Context

This food service in New York, NY is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing food service assets. It has been on the market for 99 days. Compare it against other food service listings for sale in New York, NY — view the full market.

Contact

  • Scott Plasky
  • Chase Friedman

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