INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 2605 Frederick Douglass Boulevard. The property is a retail-condo on the corner of West 139th Street and Frederick Douglass Boulevard. The ground-floor retail space is 800 SF and has an additional 600 SF of usable space in the basement.
Currently, the unit is occupied by Vanity Box on a month-month lease and could be delivered vacant. Vanity Box is a luxury hair extension retailer with a significant online (i.e. 165k instagram followers) and celebrity following. The boutique currently has locations in Brooklyn, New Jersey and Washington D.C. This opportunity presents both investors and end-users with the rare opportunity to purchase a corner retail space in Harlem.
Situated across the street from the coveted Striver's Row neighborhood of Central Harlem, the property is located on one of the most picturesque sections of Harlem where famous musicians share blocks with well-heeled doctors and financiers. The store-front benefits from significant foot-traffic facing two newly gut renovated luxury mixed-use buildings: 272 West 139th Street AKA The Striver's Gateway and 273 West 138th Street AKA The Dismond House. The ground floor of The Striver's Gateway is leased out to the Faction Art Projects, a stunning art gallery with 14 foot ceilings and fine-art with a sister gallery in the heart of London. The Dismond House boasts Bravo's Iron Chef, Russell Jackson's reservation-only California cuisine inspired restaurant--Reverence. In addition, Common Coliving opened a location at 267 West 139th Street and is renting out private bedrooms for $1,600-$2,200 / month (right next to Bob Dylan's former home) which will further increase the foot-traffic count in the area.
The area is home to both local and national retailers and benefits from its proximity to major academic institutions such as The City College of New York and the $7 Billion Columbia University Manhattanville Expansion Project.
The B & C subway lines is just a four (4) minute (0.2 mile) walk away.
Full Lease, lease abstract and additional due diligence are available upon request.