417 W 126th St

JLL has been retained on an exclusive basis to arrange for the sale of 417 West 126th Street (a.k.a. 412 West 127th Street), a 3-story, 12,420 GSF, block-through commercial property situated between Morningside and Amsterdam Avenues. The property measures ~28’ wide on West 126th Street and slightly tapers to a ~25’ rear facade on West 127th Street. The property benefits from its location in the heart of both Columbia University’s Manhattanville campus expansion and Janus Property Group’s brand new Manhattanville Factory District revelopment.
The entire building is currently owner occupied and can be delivered vacant. The ground floor features curb cuts on both West 126th and West 127th Streets and offers indoor parking for 10-15 cars / trucks. The second and third floors are configured as office space with a series of conference and meeting rooms. The building is serviced by a central freight elevator capable of bringing heavy equipment from the ground
floor to the levels above.
Originally constructed as two separate buildings, the property possesses independent driveways and entrances on both 126th and 127th Streets and can be easily partitioned per the owner’s preference. This allows a potential purchaser to retain a portion of the property for their own use while collecting supplemental income from the remaining space.
The property possesses flexible R7-2 / M1-5 / MX-15 zoning which allows for Residential, Commercial and Community Facility development ranging from 16,300-26,488 BSF. In addition to its flexible zoning the site also benefits from its location within an Opportunity Zone. 417 West 126th Street will appeal to end-users interested in relocating to a property that they solely control, developers looking for a site with
close proximity to large neighborhood institutions and investors who are looking to diversify their portfolios. 417 West 126th Street will be sold on an as-is where is basis. Ownership would also consider a 50% interest sale.