Besen & Associates Investment Sales Team Hilly Soleiman Director (646) 424-5078
[email protected] Ronald H. Cohen Chief Sales Officer (212) 424-5317
[email protected] Paul J. Nigido Senior Financial Analyst (646) 424-5350
[email protected] Jared Rehberg Marketing Manager (646) 424-5067
[email protected] Table of Contents Executive Summary 4 Investment Highlights Property Overview 9 Location Map Property Photos Financial Overview 13 Income/Expense Report Commercial Rent Roll Property Diligence 26 Certificate of Occupancy Location Overview 28 Transportation Maps Zoning Overview 31 Executive Summary EXECUTIVE SUMMARY Besen & Associates, Inc., as exclusive agent for ownership, is pleased to offer for sale 4468-4474 Broadway, New York, NY 10040 (the “Property”), an elevatored, 2-story commercial building consisting of 6 stores and 5 offices. Built in 1991, the Property contains 20,000± SF and features 100’ of prime retail frontage along Broadway. 4468-4474 Broadway is situated on the east side of Broadway between Fairview Avenue and 192nd Street and is 4468-4474 Broadway located in one of the most desirable sections of Washington Heights in Northern Manhattan, boasting high foot traffic and bustling retail. The stores are currently renting at well-below market rates, offering tremendous upside to new ownership, and the Property contains 14,400± SF of unused air rights (TDR’s) for future redevelopment or value-add potential. The Property is located just north of the George Washington Bridge between Fort Tyron Park and Harlem River Park. Commuters are well served by public transportation, including the 190th Street subway station [“A”] and the 191st Street subway station [“1”].