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BP 242 Dyckman St 2,385 SF Retail Building New York, NY 10034 For Sale
INVESTMENT HIGHLIGHTS
- Six Fuel Pumps.
- Exceptional Location.
- Expiring Below Market Lease.
- 4 Garage Bays.
- Long Standing NNN Tenancy.
EXECUTIVE SUMMARY
CBRE, as an exclusive agent, is pleased to offer for sale 242 Dyckman Street (“the Property”), a prime investment opportunity located in Inwood, one of Manhattan’s most rapidly expanding neighborhoods. Located on the southwest corner of Seaman Avenue and Dyckman Street, the strategically poised property benefits from its adjacency to a major highway ramp as well as the 200’ of wraparound frontage along Dyckman Street, a highly foot-trafficked corridor.
The Property features a long standing tenancy with Getty that dates back to 1971 and currently operated by BP, a Fortune 500 energy giant. It encompasses a fully operational
gas station with six fuel dispensers, an auto repair workshop with four garage bays, and a single-story convenience store. Currently, the property is leased at a rate substantially below market value with a lease expiration date in January, 2027.
Beyond its immediate income potential, 242 Dyckman Street offers significant development upside. The property benefits from its C8-3 and R7-2 zoning providing a compelling opportunity to capitalize on the growing demand for residential, commercial, or community facility space in this thriving neighborhood. With as-of-right development potential of approximately 29,484 BSF for residential use, or up to 76,050 BSF for community facility space, the site offers significant flexibility for future projects, making it an attractive prospect for developers.
242 Dyckman Street enjoys unparalleled visibility and accessibility. Its proximity to numerous restaurants, shops, and the subway entrance just 250 feet away (a mere one-minute walk) ensures a constant flow of pedestrian and vehicular traffic. This prime location makes it an attractive destination for both current and future tenants, solidifying its long-term investment value.
This offer represents a rare chance to acquire a well-established, income-generating asset with development potential in a highly desirable location.
The Property features a long standing tenancy with Getty that dates back to 1971 and currently operated by BP, a Fortune 500 energy giant. It encompasses a fully operational
gas station with six fuel dispensers, an auto repair workshop with four garage bays, and a single-story convenience store. Currently, the property is leased at a rate substantially below market value with a lease expiration date in January, 2027.
Beyond its immediate income potential, 242 Dyckman Street offers significant development upside. The property benefits from its C8-3 and R7-2 zoning providing a compelling opportunity to capitalize on the growing demand for residential, commercial, or community facility space in this thriving neighborhood. With as-of-right development potential of approximately 29,484 BSF for residential use, or up to 76,050 BSF for community facility space, the site offers significant flexibility for future projects, making it an attractive prospect for developers.
242 Dyckman Street enjoys unparalleled visibility and accessibility. Its proximity to numerous restaurants, shops, and the subway entrance just 250 feet away (a mere one-minute walk) ensures a constant flow of pedestrian and vehicular traffic. This prime location makes it an attractive destination for both current and future tenants, solidifying its long-term investment value.
This offer represents a rare chance to acquire a well-established, income-generating asset with development potential in a highly desirable location.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,385 SF
Building Class
C
Year Built
1956
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
C8-3 / R7-2 - Commercial
Frontage
714’ on Riverside Dr
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (93)
NEARBY MAJOR RETAILERS
1 of 11
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BP | 242 Dyckman St
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