Property Description for 303 West 116th Street
Radical price adjustment. Unique investment opportunity. All market rent building. Opportunity to develop additional 2000 SqFt . Great rental income from famous restaurant. 3 of four apts delivered vacant. (Month to month lease on the 4th apt). Owner motivated.Free market building on best West Harlem block. Steps to subways, Morningside and Central Parks. Highly successful restaurant (4 years remaining on lease) with four full floors above delivered vacant, no restrictions, tons of potential growth opportunities Three exposures and a roof with panoramic views.Excess unused FAR would allow for duplexing the top floor and adding private roof deck as well as a basement apartment with garden access. Unbeatable location next to Restaurant Row, Levain's Bakery, Harlem Tavern, Lido's, Best Yet Market, Bo's Bagels, Columbia University complex, Barnard, Theological Seminaries, St. Luke's Hospital, Cathedral of St John the Divine, farmer's markets, the list is endless. Tenants pay own heat and electric.