NNN-Leased
7-9 Hillside Avenue, New York, NY 10040
For Sale
Contact for pricing
A single-level commercial space is fully occupied under a triple-net lease extending through March 2031.
Property Size2,500 SF
Price / SF$480
Days on Market46
Property Features for 7-9 Hillside Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Buildings
Stories
Tenancy
Listing Agency:
IPRG Investment Property Realty Group
Listed By:
Robert Rappa · License NY #10301214173
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 8 at 3:30PM
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 IPRG Investment Property Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,500-square-foot, single-story storefront is fully occupied under a triple-net lease that runs through March 2031.
The property is in Fort George, Upper Manhattan, a short distance from Broadway.
The property is in Fort George, Upper Manhattan, a short distance from Broadway.
Key Highlights
- 2,500‑square‑foot, single‑story storefront
- Fully occupied under a triple‑net lease through March 2031
- In Fort George, Upper Manhattan, near Broadway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,015
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,300
$920.3K
Cap Rate 7%
$657,357
$657.4K
Cap Rate 9%
$511,278
$511.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$72.0K $28.80/SF
− Vacancy
−$6.3K −$2.51/SF
EGI
$65.7K $26.29/SF
− OpEx
−$19.7K −$7.89/SF
NOI
$46.0K $18.41/SF
Area
New York County, NY
Vacancy
8.70%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,300
Cap Rate 7%
$657,357
Cap Rate 9%
$511,278
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,706 @ 7.0% cap · market cap 9.64%
Second Best
Retail
$657.4K
$575.2K – $766.9K
NOI $46,015 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,346 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,265
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
BP
Shops & Services
15,611 visits/mo
0.5 miles
BP
Shops & Services
14,612 visits/mo
0.5 miles
Dunkin' Donuts
Dining
5,232 visits/mo
0.3 miles
Wingstop
Dining
2,598 visits/mo
0.4 miles
Wingstreet
Dining
2,185 visits/mo
0.3 miles
Demographics for 10040, NY
40,405
Population
17,020
Households
2.4
Avg Household Size
39
Median Age
38%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
67,342
Density / Sq Mi
$64,022
Median Household Income
$41,849
Median Earnings
$1,680
Median Rent
$465,700
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in New York, NY
Properties on Market for Storefront properties in New York
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Guerrero's Flower Shop — 4419 Broadway, New York, NY 10040
- NC Mascy Flowers — 4500 Broadway, New York, NY 10040
- Inwood Flower Shop — 58 Thayer St, New York, NY 10040
- Dyckman Flowershop — 161 Dyckman St, New York, NY 10040
- splash flower shop — 152 Dyckman St, New York, NY 10040
Frequently Asked Questions
What type of property is this?
Storefront property - A single-level commercial space is fully occupied under a triple-net lease extending through March 2031.
Where is this storefront property located?
The property is located at 7-9 Hillside Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,500‑square‑foot, single‑story storefront; Fully occupied under a triple‑net lease through March 2031; In Fort George, Upper Manhattan, near Broadway
