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- LoopNet Team
2279 3rd Ave
New York, NY 10035
Retail Condos · Retail Property For Sale
Executive Summary
H&R Block occupies the 1,389 square foot corner retail unit with a lease through 2021. The lease has a corporate guaranty from H&R Block with 3% annual increases and one (5) five-year option to renew. In addition, H&R Block pays $350 per month as a reimbursement for the Common Area Maintenance charge. The second ground floor retail unit is 683 square feet, and it is leased to the Israelite School of Knowledge through 2027. The lease calls for 3% annual increases and one (5) five-year option to renew.. The schools is also responsible for paying their pro-rata share of Common Area Maintenance as well as their pro-rata share of real estate taxes above their base-year of 2017/2018. The entire second floor is leased to the Veterans Administration with a guarantee from the United States Government (credit rating “AAA”). The lease runs through 2020 with a 3% increase coming in April 2019. The lease expired in 2018 and the VA executed their final two (2) year option period. The property benefits from a 421A Tax Abatement that went into effect in 2008 and runs through 2033. The combined real estate taxes, without the abatement, are $77,126. Both ground floor units are Use Group 6 (All Retail and Commercial Uses), the second floor unit is Use Group 4 (Community Facility Uses). There are zero restrictions from the condo board on retail use.
PROPERTY FACTS
Property Type | Retail | Gross Leasable Area | 6,128 SF |
Property Subtype | Storefront Retail/Office | No. Stories | 2 |
Building Class | B | Year Built | 2006 |
Lot Size | 0.09 AC | APN / Parcel ID | 1788-1001 |
Property Type | Retail |
Property Subtype | Storefront Retail/Office |
Building Class | B |
Lot Size | 0.09 AC |
Gross Leasable Area | 6,128 SF |
No. Stories | 2 |
Year Built | 2006 |
APN / Parcel ID | 1788-1001 |
Links
zoning
Zoning Code | C4-4 |
C4-4 |
Listing ID: 14910877
Date on Market: 2019-01-18
Last Updated:
Address: 2279 3rd Ave, New York, NY 10035
The Retail Property at 2279 3rd Ave, New York, NY 10035 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
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