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9 Hillside Ave New York, NY 10040

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For Sale
$1,450,000

Commercial property with stable income and future redevelopment potential.

Property Features for 9 Hillside Ave

General Information

Property type
Commercial
Standard status
Active

Building Details

Year built
1960

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Listing Contact
Bruno F. Ruiz-Castano
Source: Elliman

Listing Agent: Bruno F. Ruiz-Castano

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Inwood Investment with Development Potential

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.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Las Antillas Produce Meat Market, Target Grocery, Manor Market, Bani Food Market Corporation

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.930653
Latitude
40.858575

FAQs

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.
More about this property
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