Overview
7-9 Hillside Ave, New York, NY 10040. Investment with Strong Income and Future Development PotentialPrime investment opportunity located in the heart of Inwood/Washington Heights. This one-story commercial property is currently leased to a well-established deli, offering consistent rental income and significant long-term redevelopment potential under R7-2 zoning.The property sits on a 25 × 100 ft lot (2, 500sqft) with the ability to build up to approximately 8, 600 sq ft. The existing structure is around 2, 500sqft and in solid condition. The current tenant operates a successful neighborhood deli under a 5 year remaining lease, paying $6, 000/month ($72, 000/year). Estimated Net Operating Income (NOI) is approximately $61, 200/year, offering attractive returns depending on final negotiated price.This property presents a rare opportunity for both passive investors seeking stable cash flow and developers looking for future upside. R7-2 zoning allows for potential multi-family or mixed-use development when the current lease expires. Located steps away from the A and 1 subway lines, parks, and major retail corridors, the property benefits from strong foot traffic, excellent visibility, and access to local amenities.Property Highlights:•Asking Price: $1, 450, 000 (Negotiable)•Lot Size: 25 × 100 ft (2, 500 sq ft)•Buildable Area: -8, 600 sq ft (R7-2 zoning)•Existing Tenant: Established Deli (5 years remaining)•Current Rent: $6, 000/month ($72, 000/year)•Stable income with future redevelopment potential•Excellent location near subways, schools, and residential buildings