Retail Building in Desired
For Sale
Contact for pricing
320-326 E 204th St, Bronx, NY
Fully occupied retail building in a high-traffic location.
Property Size10,200 SF
Lot Size0.13 Acres
Price / SF$617.65
Days on Market912
Property Features for 320-326 E 204th St
General Information
Standard status
Active
Size
10,200 SF
Lot size
0.13 Acres
Property subtype
RETAIL
Listing Agency:
Tri State Commercial Realty
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #10311204539
Source:
Moodyscre
Added: May 2, 2024
Changed: Oct 25
Last Checked: Oct 28 at 9:31AM
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 Tri State Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a one-story building featuring ground floor retail space and a cellar. The property consists of three fully occupied commercial units. It is situated in a desired neighborhood along a busy traffic corridor.
Key Highlights
- Fully occupied commercial units providing immediate rental income.
- Located in a desired neighborhood with high traffic.
- Ground floor retail space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,714
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,294,280
$4.3M
Cap Rate 7%
$3,067,343
$3.1M
Cap Rate 9%
$2,385,711
$2.4M
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$342.7K $33.60/SF
− Vacancy
−$36.0K −$3.53/SF
EGI
$306.7K $30.07/SF
− OpEx
−$92.0K −$9.02/SF
NOI
$214.7K $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%
$4,294,280
Cap Rate 7%
$3,067,343
Cap Rate 9%
$2,385,711
Alternative Uses
Best Use
Retail
$3.07M
$2.68M – $3.58M
NOI $214,714 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.07M
$6.18M – $8.25M
NOI $494,752 @ 7.0% cap · market cap 7.85%
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
Location Intelligence
Trade Area within ½ mile
3,033
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 36%
Groceries 19%
Electronics 2%
McDonald's
Dining
15,814 visits/mo
0.1 miles
Capital One Bank
Shops & Services
15,255 visits/mo
0.2 miles
Super Foodtown
Groceries
11,640 visits/mo
0.2 miles
BP
Shops & Services
5,445 visits/mo
0.1 miles
C-Town Supermarkets
Groceries
5,367 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied retail building in a high-traffic location.
Where is this retail space located?
The property is located at 320-326 E 204th St Bronx, NY.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Fully occupied commercial units providing immediate rental income.; Located in a desired neighborhood with high traffic.; Ground floor retail space.
