General Retail Condo For Sale • 8,313 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit COMM | Retail | 8,313 SF | Price Upon Request | |
Sale NotesCBRE is pleased to offer for sale the 100% fee simple interest in 2260-2268 Broadway (the “Property”), four fully leased retail condominium units at the base of 219 West 81st Street, a 12-story prewar building on the northeast corner of Broadway and West 81st Street on the Upper West Side. The Property comprises approximately 7,954 square feet of ground-floor retail with ~103 feet of frontage on Broadway, along with approximately 359 square feet of mezzanine and 3,501 square feet of below-grade space per the condominium declaration. The Property is leased to three tenants: Bank of America, Cedra Pharmacy, and Dunkin’. The rent roll carries a weighted average remaining lease term of approximately 8.6 years, with no expirations before 2031. Bank of America, N.A. carries credit ratings of Aa2 (Moody’s), A+ (S&P), and AA (Fitch), providing investment-grade income across the majority of the Property’s ground floor. The balance of the tenancy - a national quick-service brand with more than 14,000 locations and an established specialty pharmacy - consists of service-oriented, internet-resistant uses that draw consistent daily traffic. The Property occupies one of the strongest retail corners in the West 80s, a stretch of Broadway supported by dense, high-income residential demand and steps from the 79th Street 1 train. The offering presents investors with long-term, credit-backed cash flow and an irreplaceable corner location in one of Manhattan’s most established neighborhoods. |
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| Investment-Grade Credit |
| 8.6 Years of Weighted Average Lease Term |
| Grandfathered Bank Frontage |
| Contractual Rent Growth |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 7 min | - | 2.8 mi | |
| New York Penn Station (NJT) (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) | 8 min | - | 2.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| 79 Street (1,2 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway)) | 1 min | 2 min | 0.1 mi |
| 86 Street (1,2 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway)) | 1 min | 5 min | 0.3 mi |
| 81 Street-Museum of Natural History (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) | 2 min | 9 min | 0.5 mi |
| 72 Street (1,2,3 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) | 2 min | 10 min | 0.5 mi |
| 86 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) | 2 min | 14 min | 0.7 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 20 min | - | 8.9 mi |
| Newark Liberty International | 24 min | - | 15.7 mi |
| John F Kennedy International | 32 min | - | 18.7 mi |