2686 Broadway

New York, New York

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Building

Stats

  • Property Type Retail - Street Retail
  • Building size (SF) 38,540
  • Price $21,000,000

Overview

Avison Young, as exclusive agent, is pleased to offer for sale a retail condominium (the “Unit”) located at the base of The Rockwell, a stunning newly built 13-story luxury condominium residential tower on the corner of West 103rd Street and Broadway. The entire unit will be occupied by CVS, an investment grade tenant, with a fresh 15-year lease. Given its “essential retail” nature, the pharmacy sector is highly stable and profitable, offering investors an opportunity to enjoy many years of strong, stable cash flow.

Highlights

Unit Details: Corner asset with 84 feet of frontage on Broadway & Highly trafficked retail corridor

Fresh 15-Year Lease: Lease expiration in 2039

Investment Grade Credit Tenant
Proximity to Transportation: Directly across from 1 train at 103rd Street/Broadway and short distance from 96th Street Station servicing the 1, 2 and 3 train lines & Numerous bus lines operate along Broadway, including the M104, M116 and the M60 SBS

Situated within a 10-minute walk from Columbia University (approximately 35,000 with an additional 10,000 professors)

Location Map

Downloads

2686 Broadway Flyer

2686 Broadway OM

A-100_Cellar Floor Plan.pdf

A-101_Ground Floor Plan.pdf

Execution Version of Lease for CVS Store 11355 - signed.pdf

First Lease Amendment to Lease Fully Executed Recd 9 7 2022.pdf

CVS Filed Architecturals.pdf

Team

Jon Epstein

Jon Epstein

Principal
Avison Young - US - NY - New York
19148260280
Brent Glodowski

Brent Glodowski

Director
Avison Young - US - NY - New York
202 246 4123
Eric Karmitz

Eric Karmitz

Director
Avison Young - US - NY - New York
201 874 5017
James Nelson

James Nelson

Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485

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