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1325 Fifth Ave
New York, NY 10029 East Harlem

$16,750,000 USD

Apartments Condo For Sale  •  33,047 SF

Property Details

  • Property Type Apartments
  • Total Building Size 116,592 SF
  • Lot Size 1.44 AC
  • Building Class B
  • Year Built 1989
  • Zoning C1-4
100 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 1-13 Retail 33,047 SF $16,750,000 USD
  • Unit Size: 33,047 SF
  • Condo Use: Retail
  • Price: $16,750,000 USD
  • Sale Type: Investment
  • Price/SF: $506.85 USD
Description
13 retail condos totaling 33,047 rentable square-feet

Sale Notes
Prime Investment Opportunity. 13 retail condos at the base of luxury residential development. 400' of Frontage

Description

GFI Realty Services, LLC is pleased to offer the opportunity to acquire the retail condo package at the base of The Fifth Avenue, South Harlem’s newest luxury condo development. The package is comprised of thirteen retail condo units along Fifth Avenue between 111th and 112th Streets. The units in total contain 33,047 square-feet of retail space and provide 400 linear feet of Fifth Avenue retail frontage. 

The subject offerings are situated at the base of two newly renovated (6)-story elevator condominium buildings, known as The Fifth Avenue. The twin buildings are ideally located steps from Central Park and just north of Museum Mile. The assets occupy both sides of prominent Fifth Avenue and each building features a total of 200 feet of Fifth Avenue retail frontage.  

The properties are located within one block of Central Park, shopping, eateries and in close proximity to Museum Mile. Harlem remains one of the most vibrant neighborhoods in New York City. There are many new commercial and residential developments that are joining museums, art galleries, elegantly refurbished brownstones, a variety of retail stores and fine restaurants. In addition to the surrounding attractions, the location of the assets also offers immediate access 
to the 2, 3, & 6 subway lines, various bus routes and Citi Bike stations.

The retail condo units at The Fifth Avenue, comprised of 33,000 square-feet and 400 feet of retail frontage, are guaranteed to benefit from the demand for a more dynamic retail experience close to Central Park.  The demand can be attributed to the continuous change in demographics and the increase of pedestrian traffic.

Highlights

13 retail condos totaling 33,047 rentable square-feet
Located one block north of Central Park & Museum Mile
Situated at the base of two premiere block-front (6)-story elevator condo buildings
Assets occupy both sides of prominent Fifth Avenue
Retail space boasts 400 linear feet of Fifth Avenue retail frontage

Amenities

  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min 16 min 0.8 mi
Yankees-E 153rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 7 min - 2.4 mi
Transit/SubwayDriveWalkDistance
Central Park North (110 Street) (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 3 min 6 min 0.3 mi
110 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 7 min 0.4 mi
116 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
116 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
103 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 15 min - 6.7 mi
John F Kennedy International 28 min - 18.0 mi
Newark Liberty International 31 min - 18.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Traci-Lea Dixon 212-837-4665 GFI Realty Services
Traci-Lea Dixon 212-837-4665 GFI Realty Services