Washington Heights

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  • 3975 Broadway New York City New York 10032 United States
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1REC's Take
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Occupancy
Rents
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1REC's Take
Pros

✔ Culturally rich with diverse communities ✔ Affordable housing options ✔ Access to parks and recreational areas

Cons

✘ Higher crime rates in some areas ✘ Limited upscale retail options ✘ Traffic congestion

Shopper Profile

✦ Local Families: Long-time residents ✦ Young Professionals: Moving into the area ✦ Preferences: Affordable dining, parks, local shops

About Location
A vibrant blend of cultures, Washington Heights thrums with energy. Frequented by a diverse populace, its streets are lined with eclectic eateries, music venues, and local boutiques. Rents are increasingly competitive but offer pockets of affordability, with a majority of local landlords but also a growing interest from institutional ones as the area gains popularity.
Trade Area Summary

Basic Demographics

Median Household Income: $49,310
Consumer Expenditure: $44,238,430,741
Population: 1,706,839
Daytime Population: 1,084,780
Source Notes: Data reflects Q3 2023 (Experian)

Household Segment Breakdown

Segment #1: I – Young Urban Singles (55%)
Segment #2: Q – City Hopefuls (31%)
Segment #3: P – Melting Pot Families (13%)
All Other Segments: 1%
Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Learn More: http://Taxonomy

Occupancy
Tenant Sales per Square Foot: $700
Occupancy Rate: 90%
Anchor Tenants: Yeshiva University, NewYork-Presbyterian Hospital
Tenant Rent/Sales Ratio (%): 10% – 20%
Rent $ / Visitor: $66.67 – $133.33
Source Notes: Data sourced from public and private records.
Destination Rents
Average Rent (psf): $125
Median Rent (psf): $125
Rent Range (psf): $125-$125
Rent Variability: Low
Source Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 3975 Broadway
New York City
New York
10032
United States
Place Tags: NYC
Website
Retail Type: Streets & Neighborhoods

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