Listed by BKREA
Unpriced
1431 St Nicholas Ave
Details
Property Type Retail, Office
Sub Type Executive Office, Commercial
Square Footage 6,748
Units 2
NOI $649,767
Stories 1
Lot Size (SqFt) 7,000
Zoning R7-2, C2-4
Retail | 6,748 SqFt
Marketing description
BKREA has been exclusively retained to sell 1431 St. Nicholas Avenue, a highly visible corner commercial property located at the intersection of St. Nicholas Avenue and West 182nd Street in the heart of Washington Heights. The Property comprises approximately 6,748 square feet of rentable area on a 7,000-square-foot lot and is fully leased to Jung Beauty Supply and the U.S. Government, offering both stable, in-place cash flow and future repositioning potential.
Occupying one of Upper Manhattan’s busiest retail corridors, the Property enjoys tremendous frontage and exposure along St. Nicholas Avenue, surrounded by a mix of national retailers, local businesses, and dense residential housing. The area benefits from strong pedestrian traffic, a result of its proximity to multiple subway lines (A, C, and 1 trains), community institutions, and everyday neighborhood amenities.
Washington Heights has experienced steady growth and reinvestment over the past decade, driven by its affordability, access to major employment centers, and ongoing development in the retail, healthcare, and housing sectors. With a growing population and a diverse mix of residents, the neighborhood continues to attract long-term investors seeking durable income and appreciation potential.
Offering a prime corner location, credit tenancy, and exposure within a thriving submarket, 1431 St. Nicholas Avenue represents a compelling opportunity to acquire a well-located commercial asset with strong fundamentals and enduring market appeal.
Investment highlights
- Flexible Zoning Opportunity: The favorable R7-2, C1-4, allows residential, and commercial use which enables the execution of a variety of business plans.
- Fully Occupied: The corner commercial property, located at the intersection of St. Nicholas Avenue and West 182nd Street in the heart of Washington Heights, is fully leased to Jung Beauty Supply and the U.S. Government
- Coveted Location: Located just minutes from New York Presbyterian Hospital and Columbia University Medical Center, 1431 St. Nicholas Avenue benefits from proximity to two of Upper Manhattan's most prestigious medical facilities.
- Advantageous Accessibility: The 190th Street A Train station is just steps away, providing direct service to Midtown and Downtown Manhattan. Local bus routes along Broadway and Fort Washington Avenue further enhance connectivity.
- Lifestyle and Culinary Attractions: Located near 1431 St. Nicholas Avenue, the Washington Heights retail corridor offers a vibrant mix of convenience and culture. Just steps away are major national retailers including Chick-fil-A, Target, and Foot Locker's flagship Power Store, alongside a variety of local restaurants, cafés, and neighborhood shops. This lively stretch of 181st Street provides residents and visitors with a dynamic blend of dining, shopping, and everyday amenities.
Listing Contacts
Listed by BKREA
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$649,767.00
$54,147.25/mo
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