Cushman and Wakefield is pleased to announce it has been exclusively retained to arrange the sale of 2460-2466 Broadway, a corner ground floor retail Co-Op located in the heart of the Upper West Side.
The subject property boasts 59’ of frontage along Broadway and contains 3 class A commercial spaces spanning a total of ~6,300 square feet. The commercial tenants consist of AARE Broadway Investors who occupy ~2,100 SF of space and have term through Nov of 2022. AARE Broadway Investors is currently renting substantially below market providing future ownership with an opportunity to re-tenant the space and increase returns upon lease expiration. Joe & the Juice occupies ~1,300 SF of space and has term remaining in their lease through May of 2029 Sweetgreen occupies the remaining ~2,900 SF of space and has term remaining in their lease through Sept of 2027.
The subject property sits along Broadway, which is one of Manhattan’s strongest commercial corridors allowing it to capitalize on strong year-round foot traffic. Additionally, the property is within walking distance to both Central Park and Riverside Park giving it easy access for all park-goers and tourists. Finally, 2460-2466 Broadway is located steps away from 86th Street and 96th Street Subway stations providing access to the 1, 2, 3, and B lines.
