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CVS-Anchored Retail and Medical Center
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324 W 125th St, New York, NY 10027

Fee-simple sale of a 2016 multi-tenant center with CVS and Zwanger-Pesiri Radiology and long-term occupancy through 2038.

Property Size19,000 SF
Days on Market123

Property Features for 324 W 125th St

General Information

Standard status Active
Size 19,000 SF
Class A
Property subtype Retail, Office
Occupancy 100%

Additional Details

Traffic Count 30,500 vehicles/day

Building Details

Year Built 2016
Tenancy Multi
Listing Agency: Northmarq Capital, LLC
Listed By: Jason Maier · License #NY 10301215989
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 7:11AM

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 Northmarq Capital, LLC

Investment Insights

Based on property information with market context.

Constructed in 2016, this class-A, multi-tenant commercial and retail property includes more than 19,000 square feet and offers over 100 feet of lot frontage. The building is fully occupied through 2038, anchored by CVS (56%) and Zwanger-Pesiri Radiology (44%).

The asset is located on the southeast corner of Saint Nicolas Avenue and West 125th Street, near the 125th Street subway station served by the A, B, C, and D lines. Public remarks cite estimated daily vehicle traffic over 30,500 vehicles.

The property is described as operating under two brand-new leases with more than 18 years remaining on the base term for each tenant. The stated lease structure limits landlord responsibilities to maintenance and repair of the building’s foundation, structure, and roof, and includes multiple escalations over the base term along with renewal options that feature escalations.

Key Highlights

  • Fee‑simple sale of a class‑A, multi‑tenant commercial/retail property at 324 W 125th St, NYC.
  • Built in 2016 with over 19,000 SF of commercial and retail space plus over 100 ft of lot frontage.
  • Fully occupied through 2038: CVS (56%) and Zwanger‑Pesiri Radiology (44%).

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Building Supply Accounting Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30,500 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

8,851
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10027, NY

64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Similar Off Market Nearby

  • B.j. Supermarket megastore E 125th St, New York, NY 10035
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  • Watermania 1460 5th Ave, New York, NY 10035
  • Keycafe 256 W 116th St, New York, NY 10026
  • Gotham Plaza 149-169 E 125th St, New York, NY 10035

Frequently Asked Questions

What type of property is this?
Shopping center - Fee-simple sale of a 2016 multi-tenant center with CVS and Zwanger-Pesiri Radiology and long-term occupancy through 2038.
Where is this shopping center located?
The property is located at 324 W 125th St New York, NY.
What are key features of this property?
This property features: Fee‑simple sale of a class‑A, multi‑tenant commercial/retail property at 324 W 125th St, NYC.; Built in 2016 with over 19,000 SF of commercial and retail space plus over 100 ft of lot frontage.; Fully occupied through 2038: CVS (56%) and Zwanger‑Pesiri Radiology (44%).
More about this property
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