3621-3629 Broadway

Ariel Property Advisors is pleased to present 3621-3629 Broadway. This deal offers an opportunity to acquire a mixed-use elevator building comprised of 54 units, located in the heart of Hamilton Heights section of Harlem. This particular portfolio, spanning across 65,050 combined gross square feet, contains 46 residential units and 8 retail units. The residential component is comprised of 2 five-bedroom, 11 four-bedroom, 25 three-bedroom, 6 two-bedroom, 1 one-bedroom apartments, and 1 Super’s apartment. Of the 46 residentil units 26 are free-market, 17 are rentstabalized, and 3 are rent-conrolled. With a total combined 100’ of retail frontage along Broadway, investors can reposition the retail space and maximize its full potential along one of the busiest thoroughfares in Northern Manhattan. Additionally, spacious residential units allow investors to increase bedroom counts or reconfigure unit layouts. The portfolio is currently operating below market rents, providing investors the ability to capitalize on strengthening retail and residential rental market in Hamilton Heights. Situated along the bustling Broadway thoroughfare, the buildings are located within walking distance to several institutions, eateries, and attractions such as City College of New York, Riverbank State Park, Hamilton Grange National Memorial, Harlem Public, and the Chipped Cup. Additionally, tenants benefit from the property’s proximity to the 1 subway train at 145th Street and Broadway, providing easy access to downtown Manhattan, Columbia University’s Manhattanville Campus expansion, as well as the bustling 125th Street Corridor. Please contact our team for further information and to arrange access to the buildings, which will be provided by appointment only