Retail Building with Long
3527-3537 Jerome Ave Bronx, NY 10467
For Sale
Contact for pricing
Retail building on a major corner with 200 feet of storefront and C1-3/R7-1 zoning.
Property Size9,000 SF
Price / SF$755.56
Days on Market101
Property Features for 3527-3537 Jerome Ave
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Retail
Listing Agency:
East Coast New York Inc.
(917) 974-0992
Listed By:
Eric Li · License #10301218578
Source:
Crexi
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 6:33PM
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 East Coast New York Inc.
Investment Insights
Based on property information with market context.
This retail building includes approximately 9,000 square feet of retail space and an estimated 200 feet of storefront frontage. The property is offered for sale and is described as having remaining air rights of 23,655. The offering also references a tenant mix of seven retail stores.
Located on the corner of Jerome Avenue and W. Gun Hill Road in the Bronx, the property is described as a short walk to the Mosholu Parkway station. Access is noted as convenient to Mosholu Pkwy and Bronx Pkwy, supported by the surrounding densely populated residential area.
The property is identified with C1-3/R7-1 zoning in the provided materials, supporting retail use within the stated zoning framework.
Located on the corner of Jerome Avenue and W. Gun Hill Road in the Bronx, the property is described as a short walk to the Mosholu Parkway station. Access is noted as convenient to Mosholu Pkwy and Bronx Pkwy, supported by the surrounding densely populated residential area.
The property is identified with C1-3/R7-1 zoning in the provided materials, supporting retail use within the stated zoning framework.
Key Highlights
- Approximately 9,000 SF of retail space across 7 retail stores
- 200 FT storefront on the corner of Jerome Ave and W. Gun Hill Rd
- C1‑3/R7‑1 zoning
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $302.4k | $33.60 |
| − Vacancy | −$24.8k | −$2.76 |
| EGI | $277.6k | $30.84 |
| − OpEx | −$83.3k | −$9.25 |
| NOI | $194.3k | $21.59 |
9,000 SF · lease $33.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.78M
$2.43M – $3.24M
NOI $194,322 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.24M
$5.46M – $7.28M
NOI $436,546 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail building on a major corner with 200 feet of storefront and C1-3/R7-1 zoning.
Where is this retail space located?
The property is located at 3527-3537 Jerome Ave Bronx, NY.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Approximately 9,000 SF of retail space across 7 retail stores; 200 FT storefront on the corner of Jerome Ave and W. Gun Hill Rd; C1‑3/R7‑1 zoning
