Fully Leased Retail Asset
304-312 E 204th St The, Bronx, NY 10467
Fully leased NNN retail asset in a high-traffic location.
Type:Commercial
Property size:
8,000 SFLot size:
0.18 AcresPrice / SF:
$1,243/SF- Added:
- Apr 15, 2026
- Days on Market:
- 48
- Last Refresh:
- Apr 10 at 9:04 am
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 agent Michael Frontera License #10301213507 (646) 379-4217
Listing office Douglas Elliman of NJ LLC (646) 379-4217
Listing date Apr 15, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman of NJ LLC
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.
- Diversified tenant mix including national (T‑Mobile) and local operators, reducing risk.
- Additional 7,500 SF buildable as of right, offering future development potential.
- Excellent accessibility and visibility with strong pedestrian and vehicular traffic, and convenient subway and bus connectivity.
Overview
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.
Location Intelligence
Current Use by Public Records
Storefront properties
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Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.878517
- Latitude
- 40.872534
Nearby Similar for Sale
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.
