Riverdale Retail Strip - 100% Occupied Corner Retail — Sale in Bronx, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Bronx, NY 10471
  • Year built: 1972

Photos

Riverdale Retail Strip - 100% Occupied Corner Retail — Sale in Bronx, NY, photo 1 of 3
Riverdale Retail Strip - 100% Occupied Corner Retail — Sale in Bronx, NY, photo 2 of 3
Riverdale Retail Strip - 100% Occupied Corner Retail — Sale in Bronx, NY, photo 3 of 3

Investment Figures

Cap rate
6.02%

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

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 5700-5704 Mosholu Avenue, a fully occupied, three-tenant corner neighborhood retail property located in the highly desirable Riverdale section of the Bronx. The single-story property contains approximately 5,433 square feet and is occupied by Beccofino Restaurant, Laundry Mart laundromat, and Pumpkin Paws, providing a complementary mix of service-oriented and neighborhood retail uses. The property offers investors an attractive combination of durable in-place income, long-term tenancy and three percent annual rent increase. Located on the corner of Mosholu Avenue and Fieldston Road, the offering has 60 feet of retail frontage along Mosholu Avenue. Investment Highlights: • 5,433 SF, 100% occupied retail strip on the corner of Mosholu Avenue and Fieldston Road in the Bronx's Riverdale Neighborhood. • Complimentary mix of neighborhood and local retail tenants located in one of the most desirable residential areas in the Bronx. • Stabilized cash flowing retail asset with minimal management. All three tenants have long-term leases with solid annual increases.

Market Context

This retail in Bronx, NY is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1972. Compare it against other retail listings for sale in Bronx, NY — view the full market.

Estimated Price per SF

$163.35/SF – $1,188/SF

Mid: $495.00/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
  • Billy Stephan IV

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