100% Occupied 8-Tenant Retail Strip — Sale in Bronx, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Bronx, NY 10472

Photos

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Investment Figures

Cap rate
6.53%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The subject offering is a 10,000 square foot single-story retail strip located on the corner of Westchester Avenue and Evergreen Avenue in the Bronx, New York. This 100 percent occupied retail property consists of eight units, with 100 feet of prime retail frontage along Westchester Avenue, one of the most heavily traveled streets in the Bronx. All of the tenants in this multi-tenant offering have strong annual increases, and all the tenants reimburse for a proportionate share of real estate taxes. The site is located two blocks from the Elder Avenue Subway Station (6 Train). Westchester Avenue is lined with local and national retailers and is one of the most sought-after retail corridors in the Bronx. Neighboring tenants include Bank of America, Food Dynasty, Domino’s, Chase Bank, Rainbow and McDonald’s. The site rests on a 10,000 square foot lot zoned C4-2/R6, which allows for an FAR of 3.4 for commercial (34,068 total buildable square feet) and an FAR of 2.43 for residential (24,348 total buildable square feet). Investment Highlights: • 10,000 SF, 100% occupied corner retail property with eight tenants. 100 feet of prime retail frontage along Westchester Avenue, one of the busiest streets in the Bronx. • All tenants have strong annual increases, and all tenants reimburse for a portion of the real estate taxes. Fully-occupied, stabilized cash flowing Bronx retail asset. • Transit-oriented location two blocks from the subway (6 Train). Site is surrounded by local and national retailers in every direction.

Market Context

This retail in Bronx, NY is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Bronx, NY — view the full market.

Estimated Price per SF

$161.73/SF – $1,176/SF

Mid: $490.09/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

  • Scott Plasky
  • Alex Arustamian

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