Michael Rackenberg 9736092105

Retail Investment Property 305-307 Halstead Ave 5,184 SF 100% Leased Retail Building Harrison, NY 10528 $3,885,000 ($749.36/SF) 5.11% Cap Rate

INVESTMENT HIGHLIGHTS

(14) on-site parking spots
Cafe Deux - 3% annual escalations
All expenses are paid by tenants except building insurance

Solid, stable retail investment
Pureganic Cafe - 2.5% annual escalations
NN Retail Investment

EXECUTIVE SUMMARY

Prime investment opportunity at 305-307 Halstead Ave, Harrison, NY. This meticulously renovated 5,000 SF building offers two thriving retail tenants, Cafe Deux & Pureganic Cafe. Both tenants are starting year three of their 10-year leases , providing a solid income stream for retail investors. With a complete renovation in 2021, this
investment defines convenience and potential for long-term success.

305-307 Halstead Ave

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Retail

Building Size

5,184 SF

Building Class

Year Built

1965

Price

$3,885,000

Price Per SF

$749.36

Cap Rate

5.11%

NOI

$198,692

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.45

Lot Size

0.26 AC

Parking

16 Spaces (3.2 Spaces per 1,000 SF Leased)

Frontage

50’ on Halstead Avenue

MAJOR TENANTS

Cafe Deux
-
-
-
Double Net
Jun 2032

Pureganics Cafe
-
-
-
Double Net
Sep 2032

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE	LEASE END
Cafe Deux	-	-	-	Double Net	Jun 2032
Pureganics Cafe	-	-	-	Double Net	Sep 2032

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
Halstead Ave	Parsons St, W	8,303	2022	0.06 mi
Harrison Avenue	Fremont St, S	10,366	2018	0.09 mi
Heineman Pl	Sunnyside Pl, E	2,315	2019	0.10 mi
Harrison Ave	Fremont St, S	7,972	2022	0.10 mi
Sunnyside Ave	Sunnyside Pl, E	2,704	2022	0.11 mi
Sunnyside Avenue	Sunnyside Pl, E	2,932	2018	0.12 mi
Macy Rd	Halstead Ave, SE	2,629	2019	0.17 mi
Macy Rd	South Rd, NW	3,008	2022	0.17 mi
King Street	Halstead Ave, SE	7,845	2022	0.17 mi
Park Ave	Oakland Ave, NW	2,969	2022	0.23 mi