Corner Mixed-Use
For Sale
$1,350,000
2934-2936 Wilkinson Avenue, Bronx, NY 10461
The property combines an operating convenience store, an unoccupied storefront, and two residential apartments.
Property Size3,498 SF
Price / SF$385.93
Days on Market12
Property Features for 2934-2936 Wilkinson Avenue
General Information
Standard status
Active
Size
3,498 SF
Property subtype
Commercial
Zoning
R6/C2-4
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$33,416
Building Details
Building Size
3,498 SF
Year Built
1926
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Philip P. Latella Real Estate
Listed By:
Lisa M. Latella
(914) 939-3954
Source:
Croninreale
Added: Oct 13
Changed: Oct 23
Last Checked: Oct 23 at 4:05PM
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 Philip P. Latella Real Estate
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 two-story mixed-use property contains 3,498 square feet, with an active convenience store and a separate vacant storefront that formerly housed a barber shop. The second floor has two apartments, configured as one-bedroom and two-bedroom units. A full, unfinished 1,800-square-foot walk-out basement provides additional building space. The structure measures 66' x 53' and was built in 1926.
The building occupies the corner of Westchester Avenue and Wilkinson Avenue, adjacent to the Key Foods shopping center. Metro-North trains, bus routes, and local shops are nearby. The recorded zoning is R6/C2-4.
The building occupies the corner of Westchester Avenue and Wilkinson Avenue, adjacent to the Key Foods shopping center. Metro-North trains, bus routes, and local shops are nearby. The recorded zoning is R6/C2-4.
Key Highlights
- Two‑story mixed‑use building with 3,498 square feet
- Operating convenience store and vacant storefront formerly used as a barber shop
- Two second‑floor apartments: one 1‑bedroom and one 2‑bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,474
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,480
$1.7M
Cap Rate 7%
$1,221,057
$1.2M
Cap Rate 9%
$949,711
$949.7K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$125.9K $36.00/SF
− Vacancy
−$12.0K −$3.42/SF
EGI
$114.0K $32.58/SF
− OpEx
−$28.5K −$8.15/SF
NOI
$85.5K $24.44/SF
Area
Bronx, NY
Vacancy
9.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,480
Cap Rate 7%
$1,221,057
Cap Rate 9%
$949,711
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,474 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$1.05M
$920.4K – $1.23M
NOI $73,634 @ 7.0% cap · market cap 5.45%
Theoretical Best
Warehouse
$2.42M
$2.12M – $2.83M
NOI $169,671 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,078
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 43%
Dining 12%
Key Food
Groceries
28,494 visits/mo
0.1 miles
BP
Shops & Services
13,574 visits/mo
0.2 miles
Chase Bank
Shops & Services
8,928 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,510 visits/mo
0.4 miles
Citibank
Shops & Services
4,707 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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an operating convenience store, an unoccupied storefront, and two residential apartments.
Where is this mixed-use property located?
The property is located at 2934-2936 Wilkinson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with 3,498 square feet; Operating convenience store and vacant storefront formerly used as a barber shop; Two second‑floor apartments: one 1‑bedroom and one 2‑bedroom
