Corner Commercial Building on White Plains

2028 White Plains Rd, Bronx, NY

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For Sale

Contact for pricing

Corner commercial building with high visibility and strong income.

Type:RETAIL

Property size:

18,830 SF

Lot size:

0.21 Acres

Price / SF:

$278/SF

HighLights

Corner commercial building boasts 250’ of wraparound frontage, including 125’ on White Plains Road.
Cash flowing property producing $447,120 per annum.
$3.5M in recent capital expenditure.
Lease with $240,000 annual income expiring in May 2043.
Located off major retail hub at White Plains Road.
Walking distance to the Pelham Pkwy 2 and 5 Subway Stations.

We can help!

Contact an agent

Mitchel Flaherty

Learn more

For Sale

Contact for pricing

Corner commercial building with high visibility and strong income.

Type:RETAIL

Property size:

18,830 SF

Lot size:

0.21 Acres

Price / SF:

$278/SF

Added:: Sep 3, 2024
Days on Market:: 667
Last Refresh:: May 19 at 8:40 pm

Property Features for 2028 White Plains Rd

General Information

Standard status: Active
Size: 18,830 SF
Lot size: 0.21 Acres
Property subtype: RETAIL

We can help!

Contact an agent

Mitchel Flaherty

Listing office RIPCO Real Estate - Brooklyn

Listing date Sep 3, 2024

Source Moodyscre

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 RIPCO Real Estate - Brooklyn

HighLights

Corner commercial building boasts 250’ of wraparound frontage, including 125’ on White Plains Road.
Cash flowing property producing $447,120 per annum.
$3.5M in recent capital expenditure.
Lease with $240,000 annual income expiring in May 2043.
Located off major retail hub at White Plains Road.
Walking distance to the Pelham Pkwy 2 and 5 Subway Stations.

Overview

This corner commercial building is located off a major retail hub on White Plains Road. It features 250 feet of wraparound frontage, including 125 feet on White Plains Road. The property generates a cash flow of $447,120 per annum, with a $240,000 lease expiring in May 2043. Recent capital expenditures on the property total $3.5 million. The building is conveniently located within walking distance of the Pelham Pkwy 2 and 5 subway stations. The property size is 18,830 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$632.7k	$33.60
− Vacancy	−$66.4k	−$3.53
EGI	$566.3k	$30.07
− OpEx	−$169.9k	−$9.02
NOI	$396.4k	$21.05

18,830 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$5.66M

$4.95M – $6.61M (±1% cap)

NOI $396,379 @ 7.0% cap · market cap 7.55%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$13.05M

$11.42M – $15.22M (±1% cap)

NOI $913,351 @ 7.0% cap · market cap 17.40%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Laundromat (Bike/Boat/Book/etc) Store Urban Luxe Space Hotel & Motel Olgam Life Plasma ... Medical Clinic J-MAX Homes Corporation Real Estate Agency Pelham Parkway Little ... Child Welfare Organization

Suggested Use

Similar Places Nearby

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Benicia Florist Same Day Delivery Inc — 627 morris park ave, bronx, ny 10460
Salon Floristeria Rosalia — 955 E 180th St, The Bronx, NY 10460
D & N Flower Shop — 627 Morris Park Ave, Bronx, NY 10460

Location Insight

Map
Local Demand

City: Bronx
County: Bronx
State: New York
Longitude: -73.8675
Latitude: 40.851

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For sale
Storefront properties
NY
Bronx
2028 White Plains Rd

What type of property is this?

Storefront property - Corner commercial building with high visibility and strong income.

Where is this storefront property located?

The property is located at 2028 White Plains Rd Bronx, NY.

What is the asking price?

The asking price for this property is $5,250,000.

What are key features of this property?

This property features: Corner commercial building boasts 250’ of wraparound frontage, including 125’ on White Plains Road.; Cash flowing property producing $447,120 per annum.; $3.5M in recent capital expenditure.

2028 White Plains Rd, Bronx, NY

Corner commercial building with high visibility and strong income.

Property Features for 2028 White Plains Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Versatile Commercial Property in Bronx, NY

Established Laundromat Business For Sale

Bronx Retail Investment Opportunity

Spacious Two-Family Bronx Property

Industrial Auto Repair Warehouse

Renovated Two-Family Brick Home

Charming Bronx Multi-Family Home

Retail Storefront Redevelopment Opportunity

Pelham Parkway Two-Family Home

Renovated Duplex Residence with Backyard

Spacious Bronx Two-Family Home

Bronx Two-Family Home For Sale

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