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    3530 Mickle Ave Bronx, NY 10469

    Sponsored
    For Sale
    $11,500,000

    28-Unit Retail Building, High ROI

    Property size:
    17,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 17,000 square foot retail property, situated on a 0.39-acre lot at 3530 Mickle Ave in the Bronx, NY, presents a lucrative investment opportunity. The building boasts 28 individual units, each equipped with modern amenities including all stainless steel appliances and energy-efficient Mitsubishi AC/heating units. Further enhancing tenant comfort and security are digital video intercom systems and comprehensive interior and exterior surveillance cameras. The building is entirely electric, eliminating gas costs, and features 28 individual hot water tanks. A convenient studio super unit is also included. Ample parking is provided with 24 outdoor spaces. The building dimensions measure 185 feet by 100 feet. Significant tax advantages are available through the existing 421a tax abatement. All utilities are the responsibility of the tenants, minimizing operational expenses for the owner. This property generates rental income, making it an attractive option for investors seeking a strong return on investment in a vibrant Bronx location. The asking price is $11,500,000. This is a rare opportunity to acquire a well-maintained, income-producing retail building with substantial upside potential. The property's features, combined with its strategic location and existing tax benefits, position it for continued success and strong cash flow.

    Property Features for 3530 Mickle Ave

    General Information

    Property type
    Retail properties
    Square Feet
    17,000 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built
    2018
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx County
    State
    New York
    Longitude
    -73.84666
    Latitude
    40.87987

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    FAQs

    What type of property is this?
    Retail property - 28-Unit Retail Building, High ROI
    Where is this retail property located?
    The property is located at 3530 Mickle Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $11,500,000.
    (718) 921-2280
    Request Owner's contact information
    3530 Mickle Ave Bronx, NY 10469
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    Bronx, NY 10469
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    3530 Mickle Ave Bronx, NY 10469
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