3-Tenant Storefront
1 Terrace View Avenue, Bronx, NY 10463
For Sale
$1,400,000
Central heating and cooling serve each floor, and windows bring natural light into the basement.
Property Size3,969 SF
Price / SF$352.73
Days on Market255
Property Features for 1 Terrace View Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
high ceilings
central heating and cooling on every floor
bright basement with windows
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
J Real Estate Management LLC
(646) 286-1758
Listed By:
Alice A. Jin
(718) 886-1189
Source:
Croninreale
Added: Feb 28
Changed: Nov 8
Last Checked: Nov 8 at 7:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J Real Estate Management LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,969-square-foot storefront property was built in 2006 and has three tenants, including a ground-floor laundromat. High ceilings and central heating and cooling on every floor are among its building features; the basement also has windows. The property is zoned M1-1.
Located in Marble Hill, next to Riverdale, the building offers a multi-tenant configuration with a laundromat at ground level.
Located in Marble Hill, next to Riverdale, the building offers a multi-tenant configuration with a laundromat at ground level.
Key Highlights
- 3,969‑square‑foot storefront property with three tenants
- Ground‑floor laundromat with nearly 15 years of customer history
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,549
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,670,980
$1.7M
Cap Rate 7%
$1,193,557
$1.2M
Cap Rate 9%
$928,322
$928.3K
Market Conditions
NOI Build-Up for 3,969 SF
Gross rent
$133.4K $33.60/SF
− Vacancy
−$14.0K −$3.53/SF
EGI
$119.4K $30.07/SF
− OpEx
−$35.8K −$9.02/SF
NOI
$83.5K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,670,980
Cap Rate 7%
$1,193,557
Cap Rate 9%
$928,322
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,549 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,565 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,336
Businesses Nearby
454k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Dining 20%
Apparel 17%
Shops & Services 15%
Target
Superstores
173,479 visits/mo
0.4 miles
Marshalls
Apparel
54,442 visits/mo
0.4 miles
Chick-fil-A
Dining
27,937 visits/mo
0.4 miles
BP
Shops & Services
23,736 visits/mo
0.2 miles
Super Foodtown
Groceries
17,533 visits/mo
0.3 miles
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
View Realmo Analytics
Market
Properties on Market for Storefront properties in Bronx
Vacancy Rate% for Retail in Northeast region
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- Princesos NY — 5227 Broadway, Bronx, NY 10463
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Frequently Asked Questions
What type of property is this?
Storefront property - Central heating and cooling serve each floor, and windows bring natural light into the basement.
Where is this storefront property located?
The property is located at 1 Terrace View Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,969‑square‑foot storefront property with three tenants; Ground‑floor laundromat with nearly 15 years of customer history; Built in 2006
