Description

BKREA has been exclusively retained to sell 1431 St. Nicholas Avenue, a prominent corner commercial property located at the intersection of St. Nicholas Avenue and West 182nd Street in the heart of Washington Heights. The property encompasses approximately 6,748 rentable square feet on a 7,000-square-foot lot and is fully leased to Jung Beauty Supply and the U.S. Government, providing stable in-place cash flow along with future repositioning potential. Positioned along one of Upper Manhattan’s busiest retail corridors, the asset benefits from exceptional visibility and frontage, strong pedestrian traffic, and proximity to multiple subway lines, including the A, C, and 1 trains, as well as neighborhood institutions and amenities. Located in a submarket that has seen sustained growth and reinvestment driven by affordability, accessibility, and ongoing development, the property offers a compelling opportunity to acquire a well-located commercial asset with credit tenancy, durable income, and long-term appreciation potential.