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Mixed-Use Ground Floor Retail Space
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3100 3rd Avenue, New York City, NY 10451

Ground floor retail space features high ceilings and storage within an eight-floor mixed-use building.

Days on Market11

Property Features for 3100 3rd Avenue

General Information

Standard status Active
Property subtype Retail, Office

Additional Details

Business Included No
Traffic Count 8,000 vehicles/day
Multifamily Units 107

Amenities

high ceilings
storage space
parking garage

Building Details

Building Size 8,955 SF
Stories 8
Listing Agency: Admiral Real Estate Services
Listed By: Jon Gordon · License #31GO0804096
Source: Crexi
Added: Jul 22 Changed: Jul 28 Last Checked: Jul 31 at 12:28PM

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 Admiral Real Estate Services

Investment Insights

Based on property information with market context.

This mixed-use building is planned with eight floors and 107 units of housing, along with a parking garage. The ground floor retail space is designed with high ceilings and storage space to support active day-to-day use.

Located at the intersection of E. 158th Street & 3rd Avenue in the Melrose Commons section of the Bronx, the property is only blocks from the “Hub.” Access is available via subway and bus lines, and the area is supported by daily traffic counts over 8,000 cars. Nearby retailers include Rite Aid, Staples, Nine West, Sleepy’s, Little Caesars & Subway.

Additional planned development includes Boricua College’s expansion across from the site, with a new 14-story tower, a 350-seat theater, museum, library & cultural center, and 700 units of affordable housing with underground parking.

Key Highlights

  • Eight‑floor mixed‑use building planned with 107 housing units and a parking garage
  • Ground floor retail space includes high ceilings and dedicated storage
  • Located at E. 158th Street & 3rd Avenue in the Melrose Commons section of the Bronx

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Acupuncture Skin Care Clinic Cafe & Coffee Shop Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

107
Residential units
8,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,941
Businesses Nearby

Demographics for 10451, NY

51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
Median Home Value

Market

Lease Benchmarks for New York City, NY

$58.88 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
2,840 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground floor retail space features high ceilings and storage within an eight-floor mixed-use building.
Where is this retail space located?
The property is located at 3100 3rd Avenue New York City, NY.
What are key features of this property?
This property features: Eight‑floor mixed‑use building planned with 107 housing units and a parking garage; Ground floor retail space includes high ceilings and dedicated storage; Located at E. 158th Street & 3rd Avenue in the Melrose Commons section of the Bronx
More about this property
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