Fully Leased Retail Asset
304-312 E 204th St The Bronx, NY 10467
304-312 E 204th St The, Bronx, NY, 10467
$9,950,000
For Sale
$9,950,000
Fully leased NNN retail asset in a high-traffic location.
Property Size8,000 SF
Lot Size0.18 Acres
Price / SF$1,243
Days on Market94
Property Features for 304-312 E 204th St The
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Listing Agency
Douglas Elliman of NJ LLC
(646) 379-4217
Listed by
Michael Frontera · License #10301213507
(646) 379-4217
Source
Elliman
Added: Apr 15 Checked: Jul 16 at 9:13 am
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 Douglas Elliman of NJ LLC
Investment Insights
Based on property information with market context.
Located in the Norwood retail corridor, this fully leased NNN retail asset at 304–312 East 204th Street in the Bronx offers a rare investment opportunity. The one-story commercial property spans 7,500 square feet on a 75’ x 100’ lot and features four established retail tenants. The property generates $43,632 per month ($523,584 annually) in gross rental income under a triple-net (NNN) structure, where tenants cover taxes, insurance, and maintenance. Current tenants include T-Mobile (lease through 1/31/31), Capitol Diner (lease through 9/30/34), Guac Times (lease through 11/13/35), and Therapy Care (lease through 7/31/33). All leases provide long-term stability with contractual increases. The property is positioned just off Webster Avenue, benefiting from strong pedestrian and vehicular traffic, excellent subway and bus connectivity, and an established neighborhood retail corridor. The building was built in 1921. The location has a walk score of 81, a bike score of 71, and a transit score of 100. The zoning is R5D, C1-4, a medium-density district with a height limit of 40 feet. There is another 7,500 SF buildable as of right.
Key Highlights
- Fully leased NNN asset generating over $500,000 annually with minimal landlord responsibilities.
- Long‑term leases in place with contractual rent increases, ensuring predictable income growth.
- Located in the heart of the Norwood retail corridor, a densely populated and consistently active neighborhood in the Bronx.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Fully leased NNN retail asset in a high-traffic location.
Where is this storefront property located?
The property is located at 304-312 E 204th St The Bronx, NY.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Fully leased NNN asset generating over $500,000 annually with minimal landlord responsibilities.; Long‑term leases in place with contractual rent increases, ensuring predictable income growth.; Located in the heart of the Norwood retail corridor, a densely populated and consistently active neighborhood in the Bronx.
