Ariel Property Advisors presents an incredible opportunity to purchase a 99-year
leasehold with a purchase option at 4-14 West 125th Street.
The property currently consists of a ~35,364 sq. ft. elevator commercial building
with a prime retail component and air rights. Spanning an impressive 100’ of retail
frontage along Harlem’s bustling 125th Street, this four-story mixed-use building
contains three ground floor retail spaces, three floor-through office units and
a large basement that can be combined with above-grade retail. C4-4A zoning
provides approximately 10,368 square feet of air rights (as-of-right) for future
redevelopment. All retail spaces feature soaring 18’ high ceilings.
The property’s 99-year leasehold, which commenced in April of 2014, provides
ownership with favorable terms to realize significant cash flow today and upside
in the future. The leasehold rent is currently $617,000. This amount increases
annually at the prior year’s rent times the greater of 2% or the CPI percentage
increase from the prior year. The rent is scheduled to reset every 27 years (the
next reset comes due in 2041), but the leasehold position includes a valuable
option to purchase—please inquire for more details.
At full occupancy, the property has the potential to generate annual income well
in excess of $2 million. The retail space is currently divided into three spaces, two
of which are vacant and the third is rented to a furniture store with a cancellation
clause. All three floors of office space office units are currently occupied by
Children’s Aid Society, who currently holds a 5-year lease that will expire July
The property’s significant 100’ of retail frontage along a heavily trafficked area
of 125th Street presents an excellent opportunity for long-term retail growth in a
rapidly appreciating area. Shake Shack, TJ Max, Bed Bath & Beyond, TJ Max and
WeWork are all across the street while Whole Foods, Chipotle, Burlington Coat
Factory, and American Eagle are all a short walk west. Other popular local eateries
located within two blocks include Marcus Samuelsson’s Red Rooster, the iconic
Sylvia’s, Harlem Shake and Babbalucci.
Easy access to downtown and outer borough locations is provided by the 2/3
subway line located steps from the property, as well as the MetroNorth, A/C/B/D,
and 4/5/6 trains that are within a 5-7 minute walk.
Offering significant scale and a prime location on a major commercial corridor,
the ground lease of 4-14 West 125th Street represents an outstanding Northern
Manhattan value-add opportunity.
OWNERSHIP REQUESTS PROPOSALS
For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc
Michael A. Tortorici x13
Victor Sozio x12
Marko Agbaba x32
Sean R. Kelly, Esq. x59
Shimon Shkury x11
Jiani Zhou x72
For Financing Info
Matthew Dzbanek x48