Mott Haven Retail Investment
For Sale
Contact for pricing
Pending
414 E 138th St, Bronx, NY 10454
Net-leased retail asset in rapidly growing Mott Haven corridor.
Property Size3,633 SF
Days on Market104
Property Features for 414 E 138th St
General Information
Standard status
Pending
Size
3,633 SF
Property subtype
Retail
Zoning
R6, C1-4
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$106,976
Building Details
Tenancy
Single
Listing Agency:
JA Cohen Advisory Group LLC
(917) 533-8905
Listed By:
Jack A. Cohen · License #NY 10491209522
Source:
Crexi
Added: May 20
Changed: Aug 8
Last Checked: Aug 29 at 11:30PM
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.
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
$76,476
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
3.82%
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%
$1,529,520
$1.5M
Cap Rate 7%
$1,092,514
$1.1M
Cap Rate 9%
$849,733
$849.7K
Market Conditions
NOI Build-Up for 3,633 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
$122.1K $33.60/SF
− Vacancy
−$12.8K −$3.53/SF
EGI
$109.3K $30.07/SF
− OpEx
−$32.8K −$9.02/SF
NOI
$76.5K $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%
$1,529,520
Cap Rate 7%
$1,092,514
Cap Rate 9%
$849,733
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,768
Businesses Nearby
183k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 35%
Groceries 13%
Hotels & Casinos 4%
McDonald's
Dining
46,830 visits/mo
0.3 miles
Western Beef
Groceries
24,466 visits/mo
0.4 miles
Shell
Shops & Services
20,152 visits/mo
0.3 miles
Dunkin' Donuts
Dining
14,315 visits/mo
0.3 miles
Dollar Tree
Shops & Services
12,433 visits/mo
0.3 miles
Demographics for 10454, NY
40,232
Population
15,397
Households
2.6
Avg Household Size
33
Median Age
14%
College-Educated
62%
High-School Grad
1.1 sq mi
ZIP Area
36,575
Density / Sq Mi
$27,500
Median Household Income
$31,243
Median Earnings
$1,064
Median Rent
$780,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
