Two-Story Medical Office
For Sale
$4,500,000
3765 Riverdale Ave, Bronx, NY 10463
Commercial Sale, Bronx, NY
Property Size11,000 SF
Lot Size0.16 Acres
Price / SF$409.09
Days on Market108
Property Features for 3765 Riverdale Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Riverdale
Standard status
Active
Size
11,000 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
109000
Utilities
Water source
Public
Building Details
Year built
1968
Floors in Building
2
Architectural style
Other
Listing Agency:
ANDREW LICHTENSTEIN INC
(718) 549-5999
Listed By:
Andrew Lichtenstein · License #31LI0467407
(917) 365-1800
Added: Jun 22
Changed: Sep 4
Last Checked: Oct 7 at 7:06AM
MLS# 11877597
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story medical office property at 3765 Riverdale Ave includes an elevator and 8 medical office suites within an 11,000-square-foot building. The property contains 8,943 rentable square feet, with 1,200 square feet currently available for owner use or leasing. The existing office units are structured under gross leases.
Built in 1968, the building is served by public water and is located in Bronx, NY 10463. The property information also identifies potential for development up to 33,792 square feet, including up to 22,000 square feet for residential use and approximately 40 apartments under City of Yes provisions.
Built in 1968, the building is served by public water and is located in Bronx, NY 10463. The property information also identifies potential for development up to 33,792 square feet, including up to 22,000 square feet for residential use and approximately 40 apartments under City of Yes provisions.
Key Highlights
- 11,000‑square‑foot two‑story medical office building
- 8 medical office suites with 8,943 rentable square feet
- 1,200 square feet available for owner use or leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,468
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,509,360
$5.5M
Cap Rate 7%
$3,935,257
$3.9M
Cap Rate 9%
$3,060,756
$3.1M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$462.0K $42.00/SF
− Vacancy
−$94.7K −$8.61/SF
EGI
$367.3K $33.39/SF
− OpEx
−$91.8K −$8.35/SF
NOI
$275.5K $25.04/SF
Area
Bronx, NY
Vacancy
20.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,509,360
Cap Rate 7%
$3,935,257
Cap Rate 9%
$3,060,756
Alternative Uses
Best Use
Office B
$3.94M
$3.44M – $4.59M
NOI $275,468 @ 7.0% cap · market cap 6.12%
Second Best
Healthcare Medical
$3.26M
$2.85M – $3.80M
NOI $228,096 @ 7.0% cap · market cap 5.07%
Theoretical Best
Warehouse
$7.62M
$6.67M – $8.89M
NOI $533,556 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,467
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Broadway Animal Hospital of Riverdale — 5664 Broadway, Bronx, NY 10463
- Riverdale Animal Hospital — 3619 Kingsbridge Ave, Bronx, NY 10463
- Petco Vaccination Clinic — 193 W 237th St, Bronx, NY 10463
- Riverdale Veterinary Group PC — Veterinary Group, 3607 Riverdale Ave, Bronx, NY 10463
- Pet Surgery Center of New York — 630 W 246th St Suite 1424, Bronx, NY 10471
Frequently Asked Questions
What type of property is this?
Medical Office Space - Elevator-served medical office property with multiple suites and additional space for occupancy or leasing.
Where is this medical office space located?
The property is located at 3765 Riverdale Ave Bronx, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 11,000‑square‑foot two‑story medical office building; 8 medical office suites with 8,943 rentable square feet; 1,200 square feet available for owner use or leasing
