Retail Building in Desired
320-326 E 204th St Bronx, NY
For Sale
Contact for pricing
Fully occupied retail building in a high-traffic location.
Property Size10,200 SF
Lot Size0.13 Acres
Price / SF$617.65
Days on Market817
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
Source:
Moodyscre
Added: May 2, 2024
Changed: Jul 10
Last Checked: Jul 21 at 5:13AM
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
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 For 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 | $342.7k | $33.60 |
| − Vacancy | −$36.0k | −$3.53 |
| EGI | $306.7k | $30.07 |
| − OpEx | −$92.0k | −$9.02 |
| NOI | $214.7k | $21.05 |
10,200 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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.
