Two-Story NNN Office
For Sale
$299,000
Pending
1763 Pitman Ave The, Bronx, NY 10466
Free-standing two-story office building with a near-absolute NNN lease and tenant-paid taxes and utilities.
Property Size1,785 SF
Days on Market132
Property Features for 1763 Pitman Ave The
General Information
Standard status
Pending
Size
1,785 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,122
Building Details
Building Size
1,785 SF
Year Built
1952
Stories
2
Tenancy
Single
Listing Agency:
Distinguished Realty Services
Listed By:
Francis J. Morris
(914) 677-2623
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Sep 4 at 1:42PM
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 Distinguished Realty Services
Investment Insights
Based on property information with market context.
This is a free-standing two-story office building in Wakefield featuring a near-absolute NNN structure. The property is currently occupied by a single long-term commercial tenant in place since 2022. Under the lease, the tenant is responsible for both real estate taxes and all utilities, while the landlord carries property insurance.
The building is offered for sale at 1763 Pitman Ave in the Bronx, NY 10466. Lease terms include an expiration date of 5/31/2027.
From an operational standpoint, the arrangement is designed to be low-management, with the landlord’s responsibilities limited to property insurance and the tenant handling the ongoing tax and utilities obligations.
The building is offered for sale at 1763 Pitman Ave in the Bronx, NY 10466. Lease terms include an expiration date of 5/31/2027.
From an operational standpoint, the arrangement is designed to be low-management, with the landlord’s responsibilities limited to property insurance and the tenant handling the ongoing tax and utilities obligations.
Key Highlights
- Free‑standing two‑story office building (built 1952) in Wakefield
- Currently occupied by a single long‑term commercial tenant since 2022
- Near‑absolute NNN structure with tenant responsible for real estate taxes and all utilities
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,943
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Free-standing two-story office building with a near-absolute NNN lease and tenant-paid taxes and utilities.
Where is this office building located?
The property is located at 1763 Pitman Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Free‑standing two‑story office building (built 1952) in Wakefield; Currently occupied by a single long‑term commercial tenant since 2022; Near‑absolute NNN structure with tenant responsible for real estate taxes and all utilities
