2-8 Bennett Avenue
Retail | 37,158 SqFt
Marketing description
BKREA has been exclusively retained to sell 2–8 Bennett Avenue, located in the heart of Washington Heights. Originally constructed in 1920 and altered in 1989, the property comprises approximately 20,400 square feet on a 9,525-square-foot lot. Classified as a K4 store building under Tax Class 4, the three-story structure stands 37 feet tall and contains ten non-residential units.
The property has no rent-stabilized units and is not a designated landmark, providing exceptional flexibility for redevelopment or repositioning. With strong street frontage and a prime location in a rapidly evolving neighborhood, 2–8 Bennett Avenue offers a compelling opportunity for both investors and developers.
Washington Heights, stretching from 155th Street to Dyckman Street, is one of Manhattan’s most historic and culturally rich neighborhoods. Set atop the island’s highest natural point, the area offers sweeping views of the Hudson River and the George Washington Bridge—one of New York City’s most iconic landmarks. Anchored by Fort Tryon Park and The Met Cloisters, the neighborhood combines scenic tranquility with urban vibrancy. Fort Tryon’s landscaped gardens, medieval architecture, and panoramic river overlooks make it a destination for both locals and visitors. Meanwhile, Highbridge Park on the eastern side provides miles of trails, athletic facilities, and the city’s oldest standing bridge, connecting Manhattan to the Bronx. With its mix of natural beauty and neighborhood energy, Washington Heights offers a rare blend of city living surrounded by greenery and history.
Investment highlights
- Excellent Transit Connectivity: The favorable R7-2, C1-4, allows residential, and commercial use which enables the execution of a variety of business plans.
- Fully Occupied: The property is occupied by ten commercial tenants, each paying an average annual rent of approximately $111,000. Lease terms range from 2026 to 2035.
- Coveted Location: Located just minutes from New York Presbyterian Hospital and Columbia University Medical Center, 2-8 Bennet Avenue benefits from proximity to two of Upper Manhattan's most prestigious medical facilities.
- Lifestyle and Culinary Attractions: 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.
- 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.
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