Two-Story Medical Office
3765 Riverdale Ave Bronx, NY 10463
3765 Riverdale Ave, Bronx, NY, 10463
$4,500,000
For Sale
$4,500,000
COMMERCIAL - Other - Bronx, NY
Property Size11,000 SF
Lot Size0.16 Acres
Price / SF$409.09
Days on Market26
Property Features for 3765 Riverdale Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 109000
Utilities
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Architectural style
- Other
Listing Agency
ANDREW LICHTENSTEIN INC
(718) 549-5999
5770 Palisade Avenue, Bronx, NY
Listed by
Andrew Lichtenstein
(718) 549-5999
Added: Jun 22 Checked: Jul 17 at 12:06 am
MLS# 11877597
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story medical office elevator building includes eight medical office suites. The property provides 8,943 rentable square feet across the occupied suites, and there is a vacant 1,200 square feet space available to rent or for owner use.
All units are gross leased. The offering is presented as a possible development opportunity, with the potential to build up to 33,792 square feet, including 22,000 square feet for residential use, referenced as up to approximately 40 apartments under City of Yes.
The site totals 0.1616 acres, and the building size is listed as 11,000 square feet.
All units are gross leased. The offering is presented as a possible development opportunity, with the potential to build up to 33,792 square feet, including 22,000 square feet for residential use, referenced as up to approximately 40 apartments under City of Yes.
The site totals 0.1616 acres, and the building size is listed as 11,000 square feet.
Key Highlights
- Two‑story 11,000 SF elevator building with 8 medical office suites and 8,943 RSF
- Includes 1,200 SF currently vacant, available to rent or for owner use
- All units are gross leased
Local Financial Insights For Office B
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 | $462.0k | $42.00 |
| − Vacancy | −$94.7k | −$8.61 |
| EGI | $367.3k | $33.39 |
| − OpEx | −$91.8k | −$8.35 |
| NOI | $275.5k | $25.04 |
11,000 SF · lease $42.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.94M
$3.44M – $4.59M
NOI $275,468 @ 7.0% cap · market cap 6.12%
Second Best
Healthcare Medical
$3.26M
$2.85M – $3.80M
NOI $228,096 @ 7.0% cap · market cap 5.07%
Theoretical Best
Warehouse
$7.62M
$6.67M – $8.89M
NOI $533,556 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gelfand Janice L ...
Physician
Dr. David F. ...
Physician
Riverdale Gastroenterology & Liver ...
Medical Clinic
Dr. Isadore P. ...
Physician
Steven Anthony Odrich, ...
Ophthalmologist
Similar For Sale Nearby
Similar Off Market Nearby
- Riverdale Veterinary Group PC — Veterinary Group, 3607 Riverdale Ave, Bronx, NY 10463
- Petco Vaccination Clinic — 193 W 237th St, Bronx, NY 10463
- Pet Surgery Center of New York — 630 W 246th St Suite 1424, Bronx, NY 10471
- Broadway Animal Hospital of Riverdale — 5664 Broadway, Bronx, NY 10463
- Riverdale Animal Hospital — 3619 Kingsbridge Ave, Bronx, NY 10463
FAQs
What type of property is this?
Medical Office Space - Two-story elevator office building with eight medical suites and gross-lease structure, plus a vacant 1,200 square feet space.
Where is this medical office space located?
The property is located at 3765 Riverdale Ave Bronx, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two‑story 11,000 SF elevator building with 8 medical office suites and 8,943 RSF; Includes 1,200 SF currently vacant, available to rent or for owner use; All units are gross leased
