Uptown 58, 58 West 129th Street, COMMERCIAL - Harlem, New York

        

 

Uptown 58, 58 West 129th Street, COMMERCIAL - Harlem, New York

 

. Commercial condo with 2,375 square feet of space on the ground level
. Located at the base of Uptown58, a new luxury condominium in Harlem
. Restricted to community facility uses only
. Triple net (NNN) lease in place with The National Jazz Museum in Harlem, an organization founded in 1997
. 421A Tax Abatement in place until June 2030
. Close proximity to Harlem Hospital and the Lenox Avenue retail/restaurant corridor
. Centrally located four blocks from the 2 and 3 train stop at 125th Street & Lenox Avenue, six block from the Metro North Railroad 125th Street Station

SPACE / SIZE Ground Level - Approx. 2,375 SF
TENANT The National Jazz Museum in Harlem
TYPE OF LEASE Triple Net (NNN)
LEASE TERM Five (5) Years
RENT ESCALATION Two (2) percent per annum

INCOME

Annual Base Rent ($40 psf)
$95,000.00

EXPENSES

Projected Annual Common Charges $11,023.00
Projected Annual R. E. Taxes With 421-A $5,650.00
Total Expenses $16,673.00
ASKING PRICE (6% CAP RATE) $1,580,000.00
Sold and closed

 

This listing courtesy of Douglas Elliman

Property Details:

  • Uptown 58, 58 West 129th Street, COMMERCIAL - Harlem, New York
  • Price: Upon Request
  • Minimum Percent Down: 10%
  • Neighborhood: Harlem
  • Commercial
  • Approximate Sq. Feet: 2,375
  • Listing ID: 2218132

Area Details:

Your Agent(s)
For Appointment Contact:
Faith Hope Consolo

Faith Hope Consolo

O: 212.418.2000

M: 917.846.8686

F: 212.418.2005

Email me »

Arthur Maglio

Arthur Maglio

O: 212.418.2093

M: 732.312.2200

Email me »