Throggs Neck Mixed-Use
For Sale
$1,898,000
3805 E Tremont Ave The, Bronx, NY 10465
Well-maintained mixed-use property in the heart of Throggs Neck.
Property Size3,800 SF
Days on Market158
Property Features for 3805 E Tremont Ave The
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$33,067
Building Details
Building Size
3,800 SF
Year Built
1925
Listing Agency:
E REALTY INTERNATIONAL CORP.
(917) 326-9309
Listed By:
Jisun Kim · License #40KI1146632
(917) 326-9309
Source:
Elliman
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 14 at 6:02AM
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 E REALTY INTERNATIONAL CORP.
Investment Insights
Based on property information with market context.
Located in the heart of Throggs Neck, this well-maintained property presents a rare opportunity. The property features three attached retail storefronts. It is zoned R3A/C1-2, offering potential for residential build-up.
Key Highlights
- Excellent location in the heart of Throggs Neck
- Features 3 attached retail store fronts
- Rare opportunity to own a well‑maintained property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,992
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,599,840
$1.6M
Cap Rate 7%
$1,142,743
$1.1M
Cap Rate 9%
$888,800
$888.8K
Market Conditions
NOI Build-Up for 3,800 SF
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.
Gross rent
$127.7K $33.60/SF
− Vacancy
−$13.4K −$3.53/SF
EGI
$114.3K $30.07/SF
− OpEx
−$34.3K −$9.02/SF
NOI
$80.0K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,599,840
Cap Rate 7%
$1,142,743
Cap Rate 9%
$888,800
Alternative Uses
Best Use
Retail
$1.14M
$999.9K – $1.33M
NOI $79,992 @ 7.0% cap · market cap 4.21%
Second Best
Mixed Use
$1.09M
$951.2K – $1.27M
NOI $76,095 @ 7.0% cap · market cap 4.01%
Theoretical Best
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,319 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 23%
Groceries 19%
McDonald's
Dining
39,831 visits/mo
0.2 miles
Fine Fare
Groceries
22,167 visits/mo
0.2 miles
Chase Bank
Shops & Services
14,986 visits/mo
0.5 miles
TD Bank
Shops & Services
11,508 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,849 visits/mo
0.1 miles
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use property in the heart of Throggs Neck.
Where is this mixed-use property located?
The property is located at 3805 E Tremont Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,898,000.
What are key features of this property?
This property features: Excellent location in the heart of Throggs Neck; Features 3 attached retail store fronts; Rare opportunity to own a well‑maintained property
