Corner Retail Center with Government
1461 Saint Nicholas Ave New York, NY 10033
For Sale
Contact for pricing
Fully occupied retail center with three tenants and a government-anchored lease expiring July 2027 at a wraparound corner.
Property Size33,779 SF
Price / SF$518.07
Days on Market14
Property Features for 1461 Saint Nicholas Ave
General Information
- Standard status
- Active
- Size
- 33,779 SF
- Property subtype
- RETAIL
Listing Agency:
RIPCO Real Estate - Brooklyn
(646) 993-7328
Listed By:
Brian Whelan · License #10401277435
Source:
Moodyscre
Added: Jul 13
Changed: Jul 25
Last Checked: Jul 25 at 6:01PM
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 RIPCO Real Estate - Brooklyn
Investment Insights
Based on property information with market context.
This fully occupied corner retail property at 1461 Saint Nicholas Ave is leased to three established tenants totaling 33,779 square feet. A single government-backed anchor tenant occupies 30,779 square feet (91%) under a lease that expires July 2027. The asset has been fully occupied for decades and includes annual tenant property tax reimbursements of $378,631.
The property features 175 feet of wraparound frontage at the high-traffic corner of St Nicholas Avenue and West 183rd Street. It is described as being steps from the George Washington Bridge transport hub and Yeshiva University, supporting day-to-day retail visibility and access. Reported annual figures include total EGI of $1,832,082 and NOI of $1,301,993, reflecting the tax reimbursements. The offering is identified as a potential 1031 exchange acquisition due to its fully leased, government-anchored structure.
The property features 175 feet of wraparound frontage at the high-traffic corner of St Nicholas Avenue and West 183rd Street. It is described as being steps from the George Washington Bridge transport hub and Yeshiva University, supporting day-to-day retail visibility and access. Reported annual figures include total EGI of $1,832,082 and NOI of $1,301,993, reflecting the tax reimbursements. The offering is identified as a potential 1031 exchange acquisition due to its fully leased, government-anchored structure.
Key Highlights
- Fully occupied retail center leased 100% to three established tenants across 33,779 SF.
- Government‑backed anchor tenant occupies 30,779 SF (91%) on a government lease expiring July 2027.
- Anchor tenant has been at the location for 50+ years.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- 168th & Broadway — 4001 Broadway, New York, NY 10032
- AlooMall - NYC Centre — 1515 St Nicholas Ave, New York, NY 10033
- Josegrullon store — 4125 Broadway, New York, NY 10033
- ChargeItSpot — 4211 broadway, new york, ny 10033
- Marshal — 71 Cabrini Blvd, New York, NY 10033
FAQs
What type of property is this?
Shopping center - Fully occupied retail center with three tenants and a government-anchored lease expiring July 2027 at a wraparound corner.
Where is this shopping center located?
The property is located at 1461 Saint Nicholas Ave New York, NY.
What is the asking price?
The asking price for this property is $17,500,000.
What are key features of this property?
This property features: Fully occupied retail center leased 100% to three established tenants across 33,779 SF.; Government‑backed anchor tenant occupies 30,779 SF (91%) on a government lease expiring July 2027.; Anchor tenant has been at the location for 50+ years.
