Office Suite with Private
3928 E Tremont Avenue, Bronx, NY 10465
For Sale
Contact for pricing
The second-floor layout includes a conference area, reception, shared waiting lounge and kitchen.
Property Size4,500 SF
Price / SF$0.01
Days on Market49
Property Features for 3928 E Tremont Avenue
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Floor
Property Use
Amenities
conference area
private offices
reception area
shared waiting lounge
kitchen
central AC and heat
Building Details
Year Built
Listing Agency:
Morris Park Realty Group
Listed By:
Joseph Cosentino · License NY #10311205741
(718) 881-1923
Source:
Neilcharlesrealestate
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 9 at 3:20PM
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 Morris Park Realty Group
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Investment Insights
Based on property information with market context.
This second-floor office suite is accessed by stairs and includes private offices, a conference area and reception space. A shared waiting lounge and kitchen add common-use areas, while central air conditioning and heat serve the suite. The property was built in 1998.
The suite is in the Throggs Neck section of the Bronx, near neighborhood businesses, public transportation and major roadways.
The suite is in the Throggs Neck section of the Bronx, near neighborhood businesses, public transportation and major roadways.
Key Highlights
- Private offices plus a conference area and reception
- Shared waiting lounge and kitchen
- Second‑floor walk‑up suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,312
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,866,240
$1.9M
Cap Rate 7%
$1,333,029
$1.3M
Cap Rate 9%
$1,036,800
$1.0M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$172.8K $38.40/SF
− Vacancy
−$17.3K −$3.84/SF
EGI
$155.5K $34.56/SF
− OpEx
−$62.2K −$13.82/SF
NOI
$93.3K $20.74/SF
Area
Bronx, NY
Vacancy
10.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,866,240
Cap Rate 7%
$1,333,029
Cap Rate 9%
$1,036,800
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $112,691 @ 7.0% cap
Second Best
Healthcare Medical
$1.33M
$1.17M – $1.56M
NOI $93,312 @ 7.0% cap
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,301 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The second-floor layout includes a conference area, reception, shared waiting lounge and kitchen.
Where is this office unit located?
The property is located at 3928 E Tremont Avenue Bronx, NY.
What are key features of this property?
This property features: Private offices plus a conference area and reception; Shared waiting lounge and kitchen; Second‑floor walk‑up suite
