Retail Space with Finished
2429A E Tremont Avenue, Bronx, NY 10461
For Sale
$549,000
A single-level commercial layout is complemented by substantial finished space below grade.
Property Size1,875 SF
Lot Size0.04 Acres
Price / SF$292.80
Days on Market30
Property Features for 2429A E Tremont Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Asking Price
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
eXp Realty
Listed By:
Luis A. Morales Jr · License NY #10301202922
(888) 276-0630
Source:
Thedecurtisgroup
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 9 at 7:51PM
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
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Investment Insights
Based on property information with market context.
This freestanding, single-story retail property occupies a 28' x 67' lot at the E Tremont Avenue and Castle Hill Avenue intersection. The ground floor provides open commercial space, with a substantial finished basement adding usable area. The building dates to 1940.
A business currently operates an event venue in the space under a month-to-month tenancy following lease expiration; the occupant has indicated interest in a new lease. Bx40, Bx42 and Bx4A service is approximately one block away, and the #6 subway is about 7–9 blocks from the property.
A business currently operates an event venue in the space under a month-to-month tenancy following lease expiration; the occupant has indicated interest in a new lease. Bx40, Bx42 and Bx4A service is approximately one block away, and the #6 subway is about 7–9 blocks from the property.
Key Highlights
- Freestanding, single‑story commercial building
- 28' x 67' lot at E Tremont Avenue and Castle Hill Avenue
- Substantial finished basement below open ground‑floor commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,470
Cap Rate
7.19%
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 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$894.6K
$782.8K – $1.04M
NOI $62,625 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,609
Businesses Nearby
181k
Monthly Visits Nearby
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
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Bronx, NY
Properties on Market for Retail space in Bronx
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A single-level commercial layout is complemented by substantial finished space below grade.
Where is this retail space located?
The property is located at 2429A E Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Freestanding, single‑story commercial building; 28' x 67' lot at E Tremont Avenue and Castle Hill Avenue; Substantial finished basement below open ground‑floor commercial space
