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    Turnkey Deli & Gourmet Market Title is generated by Realmo AI

    6469 Broadway, Bronx, NY 10471

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    Claim this Listing
    For Sale
    $500,000

    COMMERCIAL - Bronx, NY

    Property size:
    1,092 SF
    Price / SF:
    $457/SF
    Added:
    Oct 30, 2025
    Days on Market:
    218
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 6469 Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    05851-1002
    Size
    1,092 SF

    Taxes and HOA fees

    Tax Year
    2025

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Jessica Marte

    Listing agent Jessica Marte

    Listing office Island Advantage Realty LLC 360 Motor Pkwy Ste 200A, Huntington, NY

    Listing date Oct 30, 2025

    MLS# 929344

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey deli and gourmet market business opportunity with existing licenses (Liquor, Lotto, Hemp) and equipment included.
    • Excellent 10‑year lease with utilities included and only 2% yearly rent increase.
    • Prime Bronx location in a high‑traffic area with constant pedestrian flow.
    • Upcoming area improvements with new High School development starting April 2026, promising increased customer volume.
    • Low‑overhead operation due to included utilities and manageable 1,092 Sqft space.
    • Includes 2 assigned, gated parking spots and 24‑hour security.

    Overview

    This is a business-only opportunity to acquire a turnkey deli and gourmet market in a prime Bronx location. The 1,092-square-foot gourmet market benefits from a solid 10-year lease with utilities included and a low-overhead operation in a busy retail corridor. The lease includes a 2% yearly increase. The deli experiences steady foot traffic due to its location surrounded by residential buildings and public transportation. A new high school development is starting in April 2026, which is expected to increase exposure and customer volume. The sale includes the transfer of liquor, lotto, and hemp licenses, as well as all fixtures, equipment, and goodwill. The property features a fully electric 60 Amp kitchen panel and a 55 Amp sub panel. It is located on a high-visibility corner with constant pedestrian flow. The property includes 24-hour security and two assigned, fully gated parking spots. This is an ideal opportunity for an experienced operator or investor.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $39.3k $36.00
    − Vacancy −$3.7k −$3.42
    EGI $35.6k $32.58
    − OpEx −$8.9k −$8.15
    NOI $26.7k $24.44
    1,092 SF · lease $36.00/SF/yr · vacancy 9.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $381.2K
    $333.5K – $444.7K (±1% cap)
    NOI $26,683 @ 7.0% cap · market cap 5.34%
    Second Best
    Retail
    $328.4K
    $287.3K – $383.1K (±1% cap)
    NOI $22,987 @ 7.0% cap · market cap 4.60%
    Theoretical Best
    Warehouse
    $756.7K
    $662.1K – $882.8K (±1% cap)
    NOI $52,968 @ 7.0% cap · market cap 10.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Van Cortlandt Green ... Apartment Building Van Cortlandt Green ... Housing Development Hugo's Gourmet Market Food Market

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Key Food Supermarkets — 5661 Riverdale Ave, Bronx, NY 10471
    • Riverdale Kosher Market — Key Food Shopping Center, 5683 Riverdale Ave, Bronx, NY 10471
    • Saratoga Market — 208 Saratoga Ave, Yonkers, NY 10705

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.896866
    Latitude
    40.904465

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    FAQs

    What type of property is this?
    Grocery and convenience store - Established Bronx deli with licenses and upcoming area improvements.
    Where is this grocery and convenience store located?
    The property is located at 6469 Broadway Bronx, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Turnkey deli and gourmet market business opportunity with existing licenses (Liquor, Lotto, Hemp) and equipment included.; Excellent 10‑year lease with utilities included and only 2% yearly rent increase.; Prime Bronx location in a high‑traffic area with constant pedestrian flow.
    (631) 820-3400
    We can help!
    Listing Contact
    Jessica Marte
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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