Corner Retail Center with Government
For Sale
Contact for pricing
1461 Saint Nicholas Ave, New York, NY 10033
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 Market60
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
(718) 233-6565
Listed By:
Brian Whelan · License #10401277435
(646) 993-7328
Source:
Moodyscre
Added: Jul 13
Changed: Sep 8
Last Checked: Sep 10 at 8:10AM
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,934
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 33%
Apparel 10%
BP
Shops & Services
15,611 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,232 visits/mo
0.3 miles
DTLR/VILLA
Apparel
2,871 visits/mo
0.3 miles
Wingstreet
Dining
2,185 visits/mo
0.3 miles
SUBWAY
Dining
1,820 visits/mo
0.2 miles
Demographics for 10033, NY
50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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.
