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 2020.

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.