2296 Frederick Douglass Blvd - Hospitality CONDO FOR SALE


New York, NY 10027
$3,850,000 USD
646-303-9613
2296 Frederick Douglass Blvd, New York, NY for Sale
$3,850,000 USD
Hospitality CONDO - FOR SALE
1/23
null | 5.85% Cap Rate

2296 Frederick Douglass Blvd
New York, NY 10027


OVERVIEW

SAB Capital, as the exclusive broker, is proud to present the sale of the retail condominium at 2298 Frederick Douglass Blvd, located in Harlem, New York (the "Property"). Located in the heart of Harlem at the corner of Frederick Douglass Blvd and West 124th Street, the property offers 90 feet of prime frontage along the famous boulevard. The Property is currently occupied by Juno Medical, who is operating under a passive 10-year NNN lease, providing steady cash flow with minimal responsibilities for the landlord. The Property benefits from an ICIP tax abatement that runs through 2036.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$1,041 USD /SF

CAP RATE

5.85%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Juno Medical (Retail Condominium)

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

103,522 SF

STORIES

12

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R8A

APN/PARCEL ID

1929-1337

ASK ABOUT THIS PROPERTY

Asher WenigSAB CapitalMore Info
646-303-9613

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Asher WenigSAB CapitalMore Info
646-303-9613

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.