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    586 Gerard Ave Bronx, NY 10451

    For Lease
    $13,765 /Mo ($63 SF/Yr)

    Prime retail space in a growing Bronx neighborhood.

    Property size:
    2,622 SF
    Lot size:
    0.77 Acres

    Property Features for 586 Gerard Ave

    General Information

    Size
    2,622 SF
    Lot size
    0.77 Acres

    Source: Meridian Capital Group Agent James Famularo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Retail Space in Bronx

    This corner retail space is located at the base of a 200-unit luxury residential building in one of The Bronx’s fastest-growing neighborhoods. The property features expansive wraparound frontage, providing abundant natural light. It is situated directly across from the upcoming “Success Academy” development, which is set to welcome over 2,400 students. The space offers flexible division options. The property has a size of 2,622 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    State
    New York
    Longitude
    -73.928107
    Latitude
    40.821117

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in a growing Bronx neighborhood.
    Where is this retail space located?
    The property is located at 586 Gerard Ave Bronx, NY.
    What is the lease rate?
    The lease rate is $63 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner retail space at the base of a 200-unit luxury residential building; - Located directly across from the upcoming “Success Academy” development, set to welcome over 2,400 students; - Located in one of The Bronx’s fastest-growing neighborhoods
    (212) 972-3600
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    586 Gerard Ave Bronx, NY 10451
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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
    586 Gerard Ave Bronx, NY 10451
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