417 W 126th St - Office FOR SALE


New York, NY 10027
$4,950,000 USD
443-695-0345
417 W 126th St, New York, NY for Sale
$4,950,000 USD
Office - FOR SALE
1/18
null | Request Cap Rate

417 W 126th St
New York, NY 10027


OVERVIEW

JLL has been retained on an exclusive basis to arrange for the sale of 417 West 126th Street (a.k.a. 412 West 127th Street), a 3-story, 12,420 GSF, block-through commercial property situated between Morningside and Amsterdam Avenues. The property measures ~28’ wide on West 126th Street and slightly tapers to a ~25’ rear facade on West 127th Street. The property benefits from its location in the heart of both Columbia University’s Manhattanville campus expansion and Janus Property Group’s brand new Manhattanville Factory District revelopment. The entire building is currently owner occupied and can be delivered vacant. The ground floor features curb cuts on both West 126th and West 127th Streets and offers indoor parking for 10-15 cars / trucks. The second and third floors are configured as office space with a series of conference and meeting rooms. The building is serviced by a central freight elevator capable of bringing heavy equipment from the ground floor to the levels above. Originally constructed as two separate buildings, the property possesses independent driveways and entrances on both 126th and 127th Streets and can be easily partitioned per the owner’s preference. This allows a potential purchaser to retain a portion of the property for their own use while collecting supplemental income from the remaining space. The property possesses flexible R7-2 / M1-5 / MX-15 zoning which allows for Residential, Commercial and Community Facility development ranging from 16,300-26,488 BSF. In addition to its flexible zoning the site also benefits from its location within an Opportunity Zone. 417 West 126th Street will appeal to end-users interested in relocating to a property that they solely control, developers looking for a site with close proximity to large neighborhood institutions and investors who are looking to diversify their portfolios. 417 West 126th Street will be sold on an as-is where is basis. Ownership would also consider a 50% interest sale.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

M1-5/R7-2/MX-15

APN/PARCEL ID

1967-0015

ASK ABOUT THIS PROPERTY

Hall OsterJLLMore Info
443-695-0345

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

Hall OsterJLLMore Info
443-695-0345

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