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2082 Frederick Douglass Blvd - Net-Leased Bar/Restaurant 500 SF Retail Condo Unit Offered at $925,000 in New York, NY 10026

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PROPERTY FACTS

Total Building Size	8,555 SF	Typical Floor Size	1,711 SF
Property Type	Multifamily (Condo)	Year Built	1910
Property Subtype	Apartment General Retail Storefront Retail/Residential	Lot Size	0.06 AC
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Floors	5
Zoning	R7-2, New York (C7) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-2 has less parking requirements.

Total Building Size	8,555 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential
Building Class	C
Floors	5
Typical Floor Size	1,711 SF
Year Built	1910
Lot Size	0.06 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R7-2, New York (C7) - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-2 has less parking requirements.

1 UNIT AVAILABLE

Unit Retail

Unit Size	500 SF	Sale Type	Investment
Price	$925,000	Cap Rate	6.74%
Price Per SF	$1,850.00	NOI	$62,345
Condo Use	Retail

Unit Size	500 SF
Price	$925,000
Price Per SF	$1,850.00
Condo Use	Retail
Sale Type	Investment
Cap Rate	6.74%
NOI	$62,345

SALE NOTES

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.