The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
4 Story, SRO Building | Delivered Vacant:
304 West 137th Street
304 West 137th Street, a 15’ wide, walk-up building located on the north side of West 137th Street between Edgecombe Avenue and Frederick Douglass Boulevard in Central Harlem.
60,048 BSF Corner Development Site/Retail Opportunity: 467 Rockaway Avenue
The property is well situated on a bustling retail corridor one block below the intersection of Pitkin and Rockaway Avenues. Surrounded by strong retailers including Planet Fitness, T-Mobile, GameStop, and Chase Bank, 467 Rockaway Avenue presents an excellent opportunity for a developer to capitalize on the substantial foot traffic and growing popularity of the area.
9,800 SF Mixed-Use Building with Warehouse:
4501 Avenue N
The 9,800 SF building contains 2,000 SF of retail space combined with 6,000 SF of warehouse space on the ground floor. Above is a total of 1,600 SF of residential space consisting of two apartments. The commercial/warehouse space features a retail showroom and has 18’ ft ceilings throughout the 6,000 sf warehouse area.