2710 Broadway New York, NY 10025
- Retail properties
- 16,200 SF
Current Use by Public Records
- Revolution Media Solutions / Video Production Service
- Collector Abuse Law / Attorney
- Astraea Records & Studio / Recording Studio
- Broadway Event Center / Event Planner / Banquet Hall
- Annette Jarrett-Graham, DNP, PMHNP-BC, FNP-BC / Mental Health Clinic
Property Details for 2710 Broadway
- Property size
- 16,200 SF
- Property type
- Retail properties
Description
This exceptional three-story retail property at 2710 Broadway, New York, NY 10025, offers 14,871 square feet of net rentable space, currently 100% occupied. Boasting a strong NOI of $1,058,733, the building features a highly desirable corner lot with 140 feet of wraparound frontage on Broadway and 104th Street, providing unparalleled visibility. Its prime location is steps from Columbia University and directly across from the 1-Train subway entrance, ensuring high foot traffic. The property includes a diverse tenant mix: a CityMD on the ground floor, the NY Language Center on the second floor, and a fencing studio on the third floor. All tenants benefit from a long-term lease with 3% annual escalations, resulting in a weighted average lease term (WALT) of 8.8 years. Adding significant value is the inclusion of approximately 21,968 square feet of transferable air rights, a unique opportunity given the building's landmark status and recent zoning changes. The property sits on a 4,876 square foot lot and is zoned R9A, EC-3, C1-5 (IH), Individual Landmark. This meticulously maintained asset presents a low-risk investment opportunity in a thriving Manhattan location. The total building square footage is 16,200 square feet. This is a fully leased commercial asset with strong credit-rated tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9679
- Latitude
- 40.7994
