About this property
an end-user to either purchase or lease 22,500 SF, or a developer to utilize 45,774 buildable square feet (BSF) as of right. All uses are considered for a retail tenant. With flexible MMU zoning, developers benefit with a wide range of construction possibilities. There is currently an elevator in place across all floors.
This fantastic retail/redevelopment opportunity is just steps away from the 7 million square foot (SF) Columbia University Expansion Project, as well as many restaurants and bars catering to the retail demands of, what has been described, as the Mini-Meatpacking District. Phase 1 of the 17-acre, $6.3 Billion Manhatanville Expansion Project is nearing completion with the Jerome L. Greene Science Center (the largest planned at 450,000 SF) set to be fully operational by April 2017. Not only will new developments directly affect property values in the immediate neighborhood, but Columbia University has also reached agreements with the City and State to invest approximately $160mm back into the Harlem community. The entire 17-acre campus is set to open in 2030 making this investment or retail space ideal for a long-term holder. The property is in close proximity to the 1 subway line at West 125th Street and Broadway and West 137th Street (City College of NY) and Broadway. There are also several bus routes canvas the area.
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