Mott Haven Retail Investment
414 E 138th St Bronx, NY 10454
414 E 138th St, Bronx, NY, 10454
Contact for pricing
For Sale
Contact for pricing
Net-leased retail asset in rapidly growing Mott Haven corridor.
Property Size3,633 SF
Price / SF$550.51
Days on Market59
Property Features for 414 E 138th St
General Information
- Standard status
- Active
- Size
- 3,633 SF
- Property subtype
- Retail
Listing Agency
JA Cohen Advisory Group LLC
(347) 244-2226
Listed by
Jack A. Cohen · License #NY 10491209522
Source
Crexi
Added: May 20 Checked: Jul 16 at 5:01 am
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 JA Cohen Advisory Group LLC
Investment Insights
Based on property information with market context.
This net-leased retail asset is located in the rapidly growing Mott Haven corridor. The property offers stable in-place cash flow with long-term flexibility for investors. Benefiting from strong surrounding residential growth, increasing commercial activity, and convenient transportation access, the property experiences consistent neighborhood demand and strong visibility. The property size is 3633 square feet. The lease includes landlord termination rights and built-in annual rent increases, presenting compelling repositioning and future value-add potential.
Key Highlights
- Stable in‑place cash flow from a net‑leased retail asset.
- Located in the rapidly growing Mott Haven corridor.
- Landlord termination rights included in the lease.
Local 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 | $122.1k | $33.60 |
| − Vacancy | −$12.8k | −$3.53 |
| EGI | $109.3k | $30.07 |
| − OpEx | −$32.8k | −$9.02 |
| NOI | $76.5k | $21.05 |
3,633 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$956.0K – $1.27M
NOI $76,476 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.52M
$2.20M – $2.94M
NOI $176,219 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
El Barril
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Net-leased retail asset in rapidly growing Mott Haven corridor.
Where is this retail space located?
The property is located at 414 E 138th St Bronx, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Stable in‑place cash flow from a net‑leased retail asset.; Located in the rapidly growing Mott Haven corridor.; Landlord termination rights included in the lease.
