Getty Realty pays $7M for gas station in Washington Heights

Getty Realty Corp. through the entity Leemilt’s Petroleum, Inc. paid $7 million to the entity 242 Dyckman Ajz, LLC for the gas station property (G4) at 242 Dyckman Street in Washington Heights, Manhattan. The expected use is cash flowing.
The deal closed on December 29, 2025 and was recorded on January 6, 2026. The property has 1,820 square feet of built space and 21,528 square feet of additional air rights for a total buildable of 23,400 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $3,846 and the price per buildable square foot is $299 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Alyssa Zeff and Joanne Weiskopf was Alyssa Zeff and Joanne Weiskopf. The signatory for Getty Realty Corp. was Joshua Dicker. The contract date was December 9, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Getty Realty Corp. had purchased any other properties and sold one property in one transaction for a total of $1.3 million over the past 24 months.
The seller Alyssa Zeff had not purchased any other properties and had not sold any properties over the same time period.

The property

The industrial building in Washington Heights has 1,820 square feet of built space and 21,528 square feet of additional air rights for a total buildable of 23,400 square feet according to a PincusCo analysis of city data. The parcel has frontage of 83 feet and is 127 feet deep with a total lot size of 11,700 square feet. The lot is irregular. The zoning is C8-3 which allows for up to 2 times floor area ratio (FAR) for commercial The city-designated market value for the property in 2022 is $1.1 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Washington Heights, The bulk, or 45 percent of the 66 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 27 percent of the space. In sales, Washington Heights has 1.5 times the average sales volume among other neighborhoods with $453.7 million in sales volume in the last two years and is the 25th highest in Manhattan. For development, Washington Heights has 1.3 times the average amount of major developments relative to other neighborhoods and is the 21st highest in Manhattan. It had 1.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of six of the eight commercial properties representing 303,312 square feet of the 334,582 square feet. The largest owner is Edel Family Management, followed by Edison Properties and then Storagemart.
There are no active new building construction projects on this tax block.

The majority, or 55 percent of the 334,582 square feet of built space are industrial buildings, with elevator buildings next occupying 45 percent of the space.

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