Redevelopment Opportunity with Income
For Sale
$2,200,000
1927 Gildersleeve The, Bronx, NY 10473
Commercial property with redevelopment potential and income-generating vacant land.
Property Size2,500 SF
Lot Size0.36 Acres
Days on Market324
Property Features for 1927 Gildersleeve The
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.36 Acres
Property subtype
Commercial
Building Details
Building Size
2,500 SF
Listing Agency:
eXp Realty
Listed By:
Mohamed S. Ally · License #10401326226
(917) 582-1920
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 9
Last Checked: Oct 16 at 11:09AM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers an investment opportunity with redevelopment potential. The existing structure could be demolished to allow for a larger building. The large vacant lot is currently rented and generating income.
Key Highlights
- Large vacant lot
- Income‑generating vacant lot: Currently rented and producing strong income
- Redevelopment potential: Option to demolish and build a larger structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,863
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,997,260
$2.0M
Cap Rate 7%
$1,426,614
$1.4M
Cap Rate 9%
$1,109,589
$1.1M
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$156.0K $62.40/SF
− Vacancy
−$13.3K −$5.34/SF
EGI
$142.7K $57.06/SF
− OpEx
−$42.8K −$17.12/SF
NOI
$99.9K $39.95/SF
Area
Bronx, NY
Vacancy
8.55%
Lease Rate
$62.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,997,260
Cap Rate 7%
$1,426,614
Cap Rate 9%
$1,109,589
Alternative Uses
Best Use
Industrial
$1.43M
$1.25M – $1.66M
NOI $99,863 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$751.8K
$657.8K – $877.1K
NOI $52,626 @ 7.0% cap · market cap 2.39%
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,263 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
321k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 35%
Groceries 34%
Shops & Services 16%
Dining 15%
ShopRite
Groceries
64,971 visits/mo
0.5 miles
Burlington
Apparel
47,967 visits/mo
0.4 miles
Five Below
Shops & Services
31,620 visits/mo
0.3 miles
Aldi
Groceries
25,104 visits/mo
0.3 miles
Marshalls
Apparel
21,599 visits/mo
0.4 miles
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial property with redevelopment potential and income-generating vacant land.
Where is this commercial land located?
The property is located at 1927 Gildersleeve The Bronx, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Large vacant lot; Income‑generating vacant lot: Currently rented and producing strong income; Redevelopment potential: Option to demolish and build a larger structure
