Investment Overview

The subject offering is an 800 square foot ground floor retail condo located on Broadway between 98th Street and 99th Street on Manhattan's Upper West Side.  The property is comprised of 800 SF on grade plus a 1,011 SF lower-level (1,811 of total rentable square footage).  The site had been leased for the past ten years to Sprint/T-Mobile.  The unit has zero lawful restrictions on use, and venting is allowed.  The offering will be delivered vacant at closing.  The space has 21 feet of frontage along Broadway, and it is built 21 x 38. The ground floor retail space has 15-foot ceilings. The retail unit sits below the Gramont, a 173,000 SF residential condominium building with 96 apartments that occupies the corner of 98th Street and Broadway.  The offering is located on a strong Upper West Side retail corridor that features McDonald's, CVS, Petco, Starbucks, Krispy Kreme, Chase Bank, Westside Market, 16 Handles, and Paris Baguette.  In addition, the property is two blocks from the 96th Street Subway Station (1, 2 & 3 Trains), and the Broadway corridor is lined with local restaurants/shops.   The Upper West Side is one of the best residential neighborhoods in all of New York City.  This is an opportunity for an owner/user to acquire a retail space in a strong retail/foot traffic corridor.