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Mixed-Use Building with Restaurant
For Sale
$2,350,000

598 Grand Concourse, Bronx, NY 10451

Four-story mixed-use building with commercial and residential units, including a restaurant with utility responsibilities detailed.

Property SizeContact for details
Days on Market187

Property Features for 598 Grand Concourse

General Information

Standard status Active
Property subtype Mixed Use
Zoning C4-4

Building Details

Stories 4
Listing Agency: American Investment Properties
Listed By: Ron Koenigsberg · License #31K00933350
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 11 Last Checked: Jul 23 at 9:13AM

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 American Investment Properties

Investment Insights

Based on property information with market context.

This four-story mixed-use building includes both commercial and residential units. The property is zoned for C4-4, with an (O9) designation noted in the listing information. The commercial component includes a restaurant tenant that pays for water and sewer, while all tenants pay for electric and heat.

The building is located within walking distance to the 149 St - Grand Concourse subway station and is surrounded by a mix of neighborhood retail and amenities. Listed nearby are examples such as McDonald’s, Chinese and Italian restaurants, clothing stores, and schools.

For buyers considering operations, the listing provides clear utility allocation for the restaurant and general tenant responsibilities for electric and heat.

Key Highlights

  • 4‑story mixed‑use building with both commercial and residential units
  • Restaurant tenant pays for water and sewer; all tenants pay for electric and heat
  • Zoned C4‑4, Bronx (O9)

Property Analytics

Current Use

Red room lounge Nightclub Red room social ... Nightclub KINGDOM RESTAURANT Restaurant Gloria Cleaning Hardware & Home Improvement RSL Dream Restaurant ... Restaurant

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Acupuncture Gym & Fitness Center Carpet & Flooring Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,636
Businesses Nearby

Demographics for 10451, NY

51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four-story mixed-use building with commercial and residential units, including a restaurant with utility responsibilities detailed.
Where is this multifamily property located?
The property is located at 598 Grand Concourse Bronx, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 4‑story mixed‑use building with both commercial and residential units; Restaurant tenant pays for water and sewer; all tenants pay for electric and heat; Zoned C4‑4, Bronx (O9)
More about this property
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