CBRE is pleased to offer for sale 2710 Broadway, (“the Property”), a fully occupied, corner, three-story, ~14,700 square-foot commercial property in the heart of Manhattan just steps away from Columbia University.
The Property boasts 140’ of wraparound frontage along the southeast corner of 104th Street and Broadway, and is located directly in front of the entrance to the 1-Train Subway stop, providing tremendous visibility and presence to thousands of residents and commuters on a daily basis.
The ground floor retail is occupied by a highly utilized CityMD and secured by a long-term lease with 3% annual escalations. The Second-floor tenant is the NY Language Center which has flourishing business and multiple locations across New York City. The Third Floor boasts high ceilings and is an ideal layout for the buildings newest tenant which operates a thriving Fencing Studio.
2710 Broadway contains ~23,000 square feet in additional air rights. Given the property’s landmark status, and the recent passing of the City of Yes, the air rights add substantial value and have the unique ability to be transferred to an expansive amount of receiving sites.
The sale of 2710 Broadway represents an excellent opportunity for an investor to acquire a fully leased, meticulously maintained, low risk asset in New York City.