Two-Story Retail and Commercial
For Sale
Contact for pricing
2530 Boston Rd, Bronx, NY 10467
Ten-unit building with ground-floor retail and one vacant second-floor commercial unit, totaling 10,020± SF.
Property Size10,020 SF
Lot Size0.16 Acres
Price / SF$348.80
Days on Market147
Property Features for 2530 Boston Rd
General Information
Standard status
Active
Size
10,020 SF
Lot size
0.16 Acres
Property subtype
Retail
Zoning
C8-1
Building Details
Year Built
1929
Stories
2
Tenancy
Multi
Listing Agency:
Besen Partners
Listed By:
Ronald H. Cohen · License #NY 40CO0983987
(646) 424-5317
Source:
Crexi
Added: Apr 13
Changed: Jul 22
Last Checked: Sep 1 at 11:14PM
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 Besen Partners
Investment Insights
Based on property information with market context.
This two-story retail and commercial building offers a total of 10,020± SF on a 7,023± SF lot. The property includes 10 total units, with 7 retail units and 3 commercial units. Floor-by-floor area is 5,320± SF on the first floor and 4,700± SF on the second floor, plus a 30' x 30' (900± SF) basement. There is one vacant commercial unit on the second floor.
The property is zoned C8-1.
With multiple retail and commercial units across two floors, the layout provides a mixed configuration within a single building footprint.
The property is zoned C8-1.
With multiple retail and commercial units across two floors, the layout provides a mixed configuration within a single building footprint.
Key Highlights
- 2‑story 10,020± SF retail/commercial building on a 7,023± SF lot
- Zoned C8‑1 with 10 total units: 7 retail and 3 commercial
- Total space by floor: 5,320± SF first floor and 4,700± SF second floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$216,345
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,326,900
$4.3M
Cap Rate 7%
$3,090,643
$3.1M
Cap Rate 9%
$2,403,833
$2.4M
Market Conditions
NOI Build-Up for 10,020 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$336.7K $33.60/SF
− Vacancy
−$27.6K −$2.76/SF
EGI
$309.1K $30.84/SF
− OpEx
−$92.7K −$9.25/SF
NOI
$216.3K $21.59/SF
Area
ZIP 10467
Vacancy
8.20%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,326,900
Cap Rate 7%
$3,090,643
Cap Rate 9%
$2,403,833
Alternative Uses
Best Use
Retail
$3.09M
$2.70M – $3.61M
NOI $216,345 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.94M
$6.08M – $8.10M
NOI $486,021 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,682
Businesses Nearby
235k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 40%
Groceries 20%
Fine Fare
Groceries
24,406 visits/mo
0.0 miles
McDonald's
Dining
22,197 visits/mo
0.2 miles
Dunkin' Donuts
Dining
22,165 visits/mo
0.5 miles
Bank of America
Shops & Services
21,263 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
17,184 visits/mo
0.2 miles
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ten-unit building with ground-floor retail and one vacant second-floor commercial unit, totaling 10,020± SF.
Where is this retail space located?
The property is located at 2530 Boston Rd Bronx, NY.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 2‑story 10,020± SF retail/commercial building on a 7,023± SF lot; Zoned C8‑1 with 10 total units: 7 retail and 3 commercial; Total space by floor: 5,320± SF first floor and 4,700± SF second floor
