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Description

Landair Property Advisors has been engaged to market the retail property at 143 Sherman Ave, New York, NY 10034. The asset consists of an 11,000-square-foot single-story building on an equally sized lot. Zoned R7A, C2-4, the site allows for a wide variety of commercial and residential uses.Currently, the property is fully leased to eight retail tenants, providing a strong and reliable income stream. Its zoning permits up to 44,000 square feet of residential development as well as 44,000 square feet of community facility space, presenting substantial long-term redevelopment potential.

Listing Details

  • Cap Rate

    5.21%

  • Tenancy

    Multi

  • Space Type

    retail

  • Sub Category

    convenience-store

  • Date Listed

    8/28/2025

Property Specifics

  • Property Name

    43 Sherman Ave

  • No of Buildings

    1

  • No of Stories

    1

  • No of Units

    8

  • Year Built

    1925

  • Building Size

    11,000 SF

  • Lot Size

    0.25 AC

  • Zoning

    R7A, C2-4

  • Occupancy

    100%