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1461 St Nicholas Ave
New York, NY 10033 Fort George

$17,500,000 USD

Schools For Sale  •  33,779 SF

Property Details

• Property Type Schools
• Total Building Size 33,779 SF
• Lot Size 0.26 AC
• Building Class C
• Year Built 1928
• Zoning R7-2

100 Transit Score

100 Walk Score

Highlights

Fully Occupied · Cash Flowing 100% leased to three established tenants across 33,779 SF. The building has been fully occupied for decades, producing s

Government-Backed Anchor Tenant Anchor tenant occupies 30,779 SF (91%) under a government lease expiring July 2027. Tenant has been at this location f

Tax Reimbursements Boost Yield Tenants reimburse $378,631 per year in property taxes, materially boosting effective yield. Total EGI including reimbur

Prime Washington Heights Corner 175' of wraparound frontage at the high-traffic corner of St Nicholas Avenue and West 183rd Street. Steps from the Geo

Mark-to-Market Rent Upside The anchor tenant's lease ($36/SF) is well below market, presenting significant rent growth optionality at expiration in Ju

Ideal 1031 Exchange Vehicle Fully occupied, government-anchored asset with zero near-term leasing risk and a strong, tax-reimbursement-enhanced yield

Public Transportation

Commuter Rail	Drive	Walk	Distance
	5 min	-	1.6 mi
University Heights Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North))	5 min	-	2.0 mi
Transit/Subway	Drive	Walk	Distance
181 Street (1 Line) (1 - New York MTA Subway (The Subway))	1 min	2 min	0.1 mi
181 Street (A Line) (A - New York MTA Subway (The Subway))	2 min	7 min	0.3 mi
191 Street (1 - New York MTA Subway (The Subway))	2 min	7 min	0.4 mi
175 Street (A - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
190 Street (A - New York MTA Subway (The Subway))	3 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	19 min	-	9.3 mi
Newark Liberty International	24 min	-	20.5 mi
John F Kennedy International	33 min	-	20.6 mi