Bronxdale Avenue Retail
1598 Bronxdale Ave The Bronx, NY 10462
For Sale
Contact for pricing
Retail space available for purchase on Bronxdale Avenue.
Property Size3,500 SF
Price / SF$642.86
Days on Market1173
Property Features for 1598 Bronxdale Ave The
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Retail
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Jason Gold · License #NY 10301214771
Source:
Crexi
Added: May 12, 2023
Changed: Jul 6
Last Checked: Jul 25 at 2:29PM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
A 3,500 square foot retail space is available for purchase. The property is located on Bronxdale Avenue.
Key Highlights
- No property information was provided to extract selling points.
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 | $105.0k | $30.00 |
| − Vacancy | −$8.6k | −$2.46 |
| EGI | $96.4k | $27.54 |
| − OpEx | −$28.9k | −$8.26 |
| NOI | $67.5k | $19.28 |
3,500 SF · lease $30.00/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$963.9K
$843.4K – $1.12M
NOI $67,473 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,901 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Riteway Private Car ...
Transportation Infrastructure
Bronxdale Auto Clinic
Auto Repair Shop
FAQs
What type of property is this?
Retail space - Retail space available for purchase on Bronxdale Avenue.
Where is this retail space located?
The property is located at 1598 Bronxdale Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
