Freestanding Retail
For Sale
$749,000
2429a E Tremont Avenue, Bronx, NY 10461
A finished basement adds functional space beneath the open, adaptable ground-floor commercial layout.
Property Size1,875 SF
Lot Size0.04 Acres
Price / SF$399.47
Days on Market13
Property Features for 2429a E Tremont Avenue
General Information
Standard status
Active
Size
1,875 SF
Lot size
0.04 Acres
Property subtype
Commercial
Zoning
C2-2
Occupancy
100%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Asking Price
$749,000
Taxes and HOA fees
Annual Taxes
$13,298
Building Details
Building Size
1,875 SF
Year Built
1940
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Luis A. Morales Jr · License #10301202922
(646) 337-7284
Source:
Croninreale
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 5:19PM
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 freestanding, single-story commercial building contains an open ground-floor retail area and a finished basement. The property occupies a 28' x 67' lot and was built in 1940. C2-2 zoning applies. A luxury event-space business currently occupies the premises under month-to-month tenancy following lease expiration and has indicated interest in a new lease.
The building is at the E Tremont Avenue and Castle Hill Avenue intersection in the Westchester Square area. Bx40, Bx42 and Bx4A bus service is approximately one block away, while the #6 subway is about 7–9 blocks from the property.
The building is at the E Tremont Avenue and Castle Hill Avenue intersection in the Westchester Square area. Bx40, Bx42 and Bx4A bus service is approximately one block away, while the #6 subway is about 7–9 blocks from the property.
Key Highlights
- Freestanding, single‑story commercial building with a finished basement
- 28' x 67' lot
- C2‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,470
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,400
$789.4K
Cap Rate 7%
$563,857
$563.9K
Cap Rate 9%
$438,556
$438.6K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$63.0K $33.60/SF
− Vacancy
−$6.6K −$3.53/SF
EGI
$56.4K $30.07/SF
− OpEx
−$16.9K −$9.02/SF
NOI
$39.5K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,400
Cap Rate 7%
$563,857
Cap Rate 9%
$438,556
Alternative Uses
Best Use
Retail
$563.9K
$493.4K – $657.8K
NOI $39,470 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $90,947 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,609
Businesses Nearby
181k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 41%
Groceries 10%
Apparel 3%
Wendy's
Dining
31,083 visits/mo
0.4 miles
Dollar Tree
Shops & Services
29,487 visits/mo
0.4 miles
Golden Corral
Dining
17,648 visits/mo
0.1 miles
Chase Bank
Shops & Services
16,891 visits/mo
0.4 miles
Shell
Shops & Services
11,575 visits/mo
0.4 miles
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Floristería de mi tía — 1301 Thieriot Ave, Bronx, NY 10472
- Benicia Florist Same Day Delivery Inc — 1811 westchester ave #5, bronx, ny 10472
- Rosie's Florist — 1839 Westchester Ave, Bronx, NY 10472
- Miguel's Flower Shop — 1878 Cross Bronx Expy, The Bronx, NY 10472
- Flowers From Ecuador — 2168 gleason ave, bronx, ny 10462
Frequently Asked Questions
What type of property is this?
Storefront property - A finished basement adds functional space beneath the open, adaptable ground-floor commercial layout.
Where is this storefront property located?
The property is located at 2429a E Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Freestanding, single‑story commercial building with a finished basement; 28' x 67' lot; C2‑2 zoning
