Massey Knakal Realty Services has been retained on an exclusive basis to sell a retail condominium situated in a mixed-use building at 1400 Fifth Avenue. The property is located on the corner of Fifth Avenue and West 116th Street in Manhattan’s Harlem neighborhood. The asking price is $15,000,000.
The nine-unit condominium contains approximately 15,254 square feet on the ground floor with an additional 15,553 square feet of cellar space. It benefits from approximately 384 feet of frontage on two corridors with heavy vehicular and pedestrian traffic. The condominium features a credit rated tenant as the anchor complimented by neighborhood retail, providing a national and local tenant mix.
The property is conveniently located on the same block as the 2 and 3 subway stop at 116th Street and within blocks of both Central Park and Marcus Garvey Park. It is at the center of the 116th Street corridor, a retail strip that has seen investment and development in both retail and residential over the past ten years.
“We strongly believe that as the neighborhood continues its resurgence, this investment provides a unique opportunity for tremendous upside both in the near future and the long-term,” said Massey Knakal’s Lev Kimyagarov, who is exclusively marketing this property.
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Neighborhoods: Harlem