148 West 125th Street, New York, NY
148 West 125th Street, New York, NY
Malcolm X Boulevard & 7th Avenue
Harlem
Harlem
100% OCCUPIED WITH LONG-TERM LEASES WITH MCDONALD'S AND VISITING NURSE SERVICE OF NEW YORK
| Type | Mixed-Use |
|---|---|
| Neighborhood | Harlem |
| Properties | One Property |
| Lot Size | 5,046 Square Feet |
| Zoning Code | C6-3 |
| Size | 21,040 Gross Square Feet |
| Stories | 4 Stories |
Investment Highlights:
- Strong, Longstanding Tenancy: The boutique elevator building is 100% occupied with a WALT of over 7 years and 80% of the income by McDonald’s (‘BBB+’ rated by Standard & Poor’s and a Moody’s rating of ‘Baa1’) on a corporate lease and Visiting Nurse Service of New York (VNS), two institutions with a rich history.
- Minimal Carrying Costs: Given the expense and real estate tax reimbursement structure, an investor will benefit from relatively low carrying costs and strong in-place tenancy.
- Prime Retail Corridor: With 50′ of valuable frontage on West 125th Street and dense residential demographics, 148 West 125th Street features excellent visibility and car/foot traffic.
- Transportation Hub: 148 West 125th Street is surrounded by several mass transit options including the Metro North, providing access to both Midtown Manhattan, Westchester and Long Island.
Listing Contact Information
