Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    861 Zerega Ave Bronx, NY 10473

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    60,000 square foot retail space in the Bronx.

    Property size:
    60,000 SF
    Lot size:
    0.45 Acres

    Property Features for 861 Zerega Ave

    General Information

    Size
    60,000 SF
    Lot size
    0.45 Acres

    We can help!

    Listing Contact
    Leon Lipo
    Leon Lipo
    Source: Moodyscre

    Listing Agent: Leon Lipo

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

    Learn more

    Property Insight Report

    Overview

    Bronx Retail Space Available

    This property offers 60,000 square feet of retail space and is located at 861 Zerega Ave in the Bronx, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.843751
    Latitude
    40.825686

    Nearby Similar for Lease

    • New
      $6,500 /Mo
      2,500 SF

      Prime Retail Space in Bronx

      Versatile retail space in high-traffic University Heights neighborhood.
      12 W 183Rd St, Bronx, NY 10453
      View Details
    • New
      $3,200 /Mo
      15,168 SF

      Move-in Ready Bronx Office Space

      Versatile office space in a prime Bronx location.
      1500 Boston Rd, Bronx, NY 10460
      View Details
    • New
      $3,000 /Mo

      Medical Office Space For Rent

      Medical/Dental office space available in the Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • New
      $12,000 /Mo

      Mott Haven Mixed-Use Building

      Four-story mixed-use building available for lease in Mott Haven.
      230 E 144Th St, Bronx, NY 10145
      View Details
    • $3,200 /Mo
      3,071 SF

      Bronx Office Space For Rent

      Spacious, well-lit ground floor office in Throggs Neck.
      3717 E Tremont Ave, Bronx, NY 10465
      View Details
    • $2,500 /Mo
      3,450 SF

      Commercial Office Space in Bronx

      Move-in ready commercial office space with natural light.
      3800 E Tremont Ave, Bronx, NY 10465
      View Details
    • $7,200 /Mo
      3,450 SF

      Versatile Commercial Space in Bronx

      Bright, adaptable commercial space suitable for various professional uses.
      3800 E Tremont Ave, Bronx, NY 10465
      View Details
    • $2,995 /Mo

      Bright Commercial Office Space Available

      Well-lit Bronx commercial office with modern glass partition for rent.
      3800 E Tremont Ave, Bronx, NY 10465
      View Details
    • $2,500 /Mo

      Bright Commercial Office Space

      Well-lit Bronx office with modern glass partition, move-in ready.
      3800 E Tremont Ave, Bronx, NY 10465
      View Details
    • $3,300 /Mo

      Bronx Office Suite For Rent

      Commercial office suite with elevator access, suitable for various businesses.
      2024 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $3,000 /Mo
      2,400 SF

      Medical/Dental Office Space Available

      Medical/Dental office space for rent in Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • $12,000 /Mo
      5,462 SF

      Retail Space in Bronx, NY

      Retail property available for lease in the Bronx, NY.
      650 E Fordham Rd, Bronx, NY 10458
      View Details

    FAQs

    What type of property is this?
    Retail property - 60,000 square foot retail space in the Bronx.
    Where is this retail property located?
    The property is located at 861 Zerega Ave Bronx, NY.
    What are key features of this property?
    This property features: - 60,000 square foot retail space; - Located in the Bronx
    (718) 937-8100 Call to check price and availability
    Request Owner's contact information
    861 Zerega Ave Bronx, NY 10473
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    861 Zerega Ave
    Bronx, NY 10473
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    861 Zerega Ave Bronx, NY 10473
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Leon Lipo
    Leon Lipo
    (718) 937-8100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!