2070 Jerome Aven Bronx, NY 10453
For Sale
$14,500,000
Retail space
Property Size23,200 SF
Price / SF$625
Days on Market26
Property Features for 2070 Jerome Aven
General Information
- Standard status
- Active
- Size
- 23,200 SF
- Property subtype
- Urban-High Street
Building Details
- Year Built
- 2025
Listing Agency:
New York City Office
(212) 430-5229
Listed By:
Scott Plasky · License #License(s): NY: 40PL1176852
(212) 430-5229
Source:
Marcusmillichap
Added: Jun 28
Changed: Jul 10
Last Checked: Jul 23 at 2:37AM
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 New York City Office
Investment Insights
Based on property information with market context.
Key Highlights
- Newly constructed 23,200 SF Bronx retail property built in 2025 on Jerome Avenue
- 123 ft of frontage on Jerome Avenue between Burnside Avenue and E 181st St
- Anchored by Planet Fitness with a new 15‑year lease and 10% increases every five years
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 | $779.5k | $33.60 |
| − Vacancy | −$81.8k | −$3.53 |
| EGI | $697.7k | $30.07 |
| − OpEx | −$209.3k | −$9.02 |
| NOI | $488.4k | $21.05 |
23,200 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.98M
$6.10M – $8.14M
NOI $488,369 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.89M
$9.53M – $12.71M
NOI $762,371 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
womenhealthcenter
Department Store
FAQs
Where is this retail space located?
The property is located at 2070 Jerome Aven Bronx, NY.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Newly constructed 23,200 SF Bronx retail property built in 2025 on Jerome Avenue; 123 ft of frontage on Jerome Avenue between Burnside Avenue and E 181st St; Anchored by Planet Fitness with a new 15‑year lease and 10% increases every five years
