Financial Summary
| Asking Price | $40,500,000 |
| Cap Rate | 4.71% |
| Net Operating Income (NOI) | $1,907,686 |
| Lease Type | Modified Net |
| Lease Term Remaining | 18 Years |
Offering Memorandum
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Highlights
- Located at one of Manhattan’s busiest intersections
- Newly opened CVS branch under long term lease
- Outstanding location in Harlem one block east of the 125th Street Subway Station
- Direct proximity to the West 125th Street / Frederick Douglas Boulevard bus stop
- Moody’s Baa2 rated tenant
- Recently constructed building with minimal landlord responsibilities
- Generational quality asset
- Generous rent escalations every five years
- Below market in-place rents
Location
324 W 125th St
New York, NY
