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7-9 Hillside Ave
Ny, NY 10040 Fort George

$1,450,000 USD

Convenience Store For Sale  •  1,302 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 1,302 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 5.71 %
  • Tenancy Single
  • Zoning R7-2, New York
100 Transit Score
90 Walk Score

Highlights

NNN Covered Land Play with Future Development Potential
a 2,500-square-foot, single-story commercial building located in the Fort George section of Upper Manhattan, just off Broadway
NNN Lease Through March 2031 – Tenant is responsible for 100% of real estate taxes, utilities and water
R7-2 Zoning | ~ 8,600 buildable SF (as-of-right) & 12,525 buildable SF (city-of-yes)
3% Annual Rent Increases beginning in Year 3

Property Flyers

Financial Summary

Cap Rate: 5.71 %

Public Transportation

Commuter RailDriveWalkDistance
University Heights (Hudson - Metro-North Railroad) 3 min - 1.2 mi
Morris Heights (Hudson - Metro-North Railroad) 7 min - 2.4 mi
Transit/SubwayDriveWalkDistance
190 Street (A - New York MTA Subway (The Subway)) 3 min 6 min 0.3 mi
Dyckman Street (1 Line) (1 - New York MTA Subway (The Subway)) 0 min 7 min 0.4 mi
191 Street (1 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
Dyckman Street (A Line) (A - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
181 Street (A Line) (A - New York MTA Subway (The Subway)) 3 min 16 min 0.8 mi
AirportDriveWalkDistance
LaGuardia 21 min - 10.4 mi
Newark Liberty International 26 min - 21.5 mi
John F Kennedy International 33 min - 21.8 mi
Robert Rappa 914-424-2314 Investment Property Realty Group
Robert Rappa 914-424-2314 Investment Property Realty Group