Inwood Investment with Development
For Sale
$1,450,000
9 Hillside Ave, New York, NY 10040
Commercial property with stable income and future redevelopment potential.
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$580
Days on Market143
Property Features for 9 Hillside Ave
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.06 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
ADCNY Realty Corp
(917) 659-6162
Listed By:
Bruno F. Ruiz-Castano · License #10311205880
(917) 659-6162
Source:
Elliman
Added: Mar 12
Changed: Jul 10
Last Checked: Jul 31 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ADCNY Realty Corp
Investment Insights
Based on property information with market context.
This one-story commercial property is located in Inwood/Washington Heights. The property is currently leased to a deli, providing rental income and redevelopment potential under R7-2 zoning. The property is on a 25 x 100 ft lot, which is 2,500 sq ft, with the ability to build up to approximately 8,600 sq ft. The existing structure is around 2,500 sqft and in solid condition. The current tenant operates a neighborhood deli under a lease with 5 years remaining, paying $6,000 per month, which is $72,000 per year. The estimated Net Operating Income (NOI) is approximately $61,200 per year. R7-2 zoning allows for potential multi-family or mixed-use development when the current lease expires. Located steps away from the A and 1 subway lines, parks, and major retail corridors, the property benefits from foot traffic, visibility, and access to local amenities. It offers an opportunity for passive investors seeking cash flow and developers looking for future upside.
Key Highlights
- Strong redevelopment potential with R7‑2 zoning allowing for approximately 8,600 sq ft buildable area.
- Consistent rental income from established deli tenant with 5 years remaining on lease.
- Attractive estimated Net Operating Income (NOI) of approximately $61,200/year.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 73%
Shops & Services 21%
Dining 6%
Best Buy
Electronics
50,299 visits/mo
0.5 miles
BP
Shops & Services
9,249 visits/mo
0.5 miles
Chase Bank
Shops & Services
5,451 visits/mo
0.4 miles
Villagio
Dining
4,264 visits/mo
0.1 miles
AT&T
Electronics
762 visits/mo
0.4 miles
Demographics for 10040, NY
40,405
Population
17,020
Households
2.4
Avg Household Size
39
Median Age
38%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
67,342
Density / Sq Mi
$64,022
Median Household Income
$41,849
Median Earnings
$1,680
Median Rent
$465,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Fine Fare Supermarkets — 4211 Broadway #17, New York, NY 10033
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- Extra Jumbo by Antillana — 312 Audubon Ave, New York, NY 10033
- Hector Manhattan — 1387 St Nicholas Ave, New York, NY 10033
- Liberato Food Market — 359 Audubon Ave, New York, NY 10033
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial property with stable income and future redevelopment potential.
Where is this grocery and convenience store located?
The property is located at 9 Hillside Ave New York, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Strong redevelopment potential with R7‑2 zoning allowing for approximately 8,600 sq ft buildable area.; Consistent rental income from established deli tenant with 5 years remaining on lease.; Attractive estimated Net Operating Income (NOI) of approximately $61,200/year.
