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at 2300 Frederick Douglass Blvd Contact us

2300 Frederick Douglass Blvd

Floor

2

Size

734 SF

Type

RETAIL

Availability

AVAILABLE, Now

Sublease

No

​- This is an ideal opportunity to purchase a commercial condo just a couple of... blocks from heavily trafficked area of 125th street and eigth avenue. - This space is in aloft hotel / apex condominium building located in the center of a rapidly developing and appreciating area of harlem. this space is a ground floor community facility space, to be used as medical, education, npo, or other community facility uses. - Ideally located near major transportation with a-b-c-d and 1-2-3 trains near by. right next door to whole foods, central park, columbia university, apollo theater, and other local tourist destinations

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Listing Agency: Midtown Commercial Real Estate Show Phone

Listed By: Evan Salz Show Phone

Source: Moodyscre

Added: Nov 19, 2025 Changed: Aug 9 Last Checked: Aug 11 at 11:44AM

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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 Midtown Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail condominium is located in Harlem, Manhattan. The unit offers 3,720 square feet of built space. The property is currently configured as a doctor’s office, but will be delivered vacant. This property is suitable for retail or medical office use.

Key Highlights

• Delivered Vacant
• 3,720 built SF
• Retail condominium

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$116,483

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.11%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,329,660 $2.3M

Cap Rate 7%

$1,664,043 $1.7M

Cap Rate 9%

$1,294,256 $1.3M

Market Conditions

NOI Build-Up for 3,720 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$191.5K $51.48/SF

− Vacancy

−$36.2K −$9.73/SF

EGI

$155.3K $41.75/SF

− OpEx

−$38.8K −$10.44/SF

NOI

$116.5K $31.31/SF

Area

New York, NY

Vacancy

18.90%

Lease Rate

$51.48 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,329,660

Cap Rate 7%

$1,664,043

Cap Rate 9%

$1,294,256

Alternative Uses

Best Use

Retail

$7.48M

$6.54M – $8.72M (±1% cap)

NOI $523,495 @ 7.0% cap · market cap 13.96%

Second Best

Office B

$1.66M

$1.46M – $1.94M (±1% cap)

NOI $116,483 @ 7.0% cap · market cap 3.11%

Theoretical Best

Specialty Retail

$9.26M

$8.10M – $10.80M (±1% cap)

NOI $648,173 @ 7.0% cap · market cap 17.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Staging With Style ... Interior Design Credit Repair Pro's Financial Advisor Chemistry Executive Search Publishing House

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.

Location Intelligence

Trade Area within ½ mile

9,915

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail condominium in Harlem, Manhattan, with 3,720 SF.

Where is this retail space located?

The property is located at 2300 Frederick Douglass Blvd New York, NY.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Delivered Vacant; 3,720 built SF; Retail condominium