Seven-Storefront Retail
4636 3rd Avenue, Bronx, NY 10458
For Sale
Contact for pricing
A fully occupied, single-story retail property has multiple storefronts at a corner site.
Property Size8,100 SF
Lot Size0.18 Acres
Price / SF$481.48
Days on Market23
Property Features for 4636 3rd Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Corner Location
Tenant in Place
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Jakub Nowak · License NY #10301211147
(718) 475-4353
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 12 at 5:07AM
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 Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
This single-story retail strip contains 8,100 square feet on a 7,979-square-foot corner lot. Seven storefronts accommodate seven ground-floor tenants, and the property is fully occupied. The storefronts face 3rd Avenue and East 187th Street in the Belmont section of the Bronx.
The site is zoned M1-4/R7A and lies within the MX-14 Special Mixed-Use District. Its base residential FAR is 4.0, equivalent to 31,916 ZFA; a UAP bonus path could allow 5.01 FAR and 39,975 ZFA, subject to confirmation by a zoning consultant.
The site is zoned M1-4/R7A and lies within the MX-14 Special Mixed-Use District. Its base residential FAR is 4.0, equivalent to 31,916 ZFA; a UAP bonus path could allow 5.01 FAR and 39,975 ZFA, subject to confirmation by a zoning consultant.
Key Highlights
- 8,100 SF retail building on a 7,979 SF corner lot
- Seven ground‑floor tenants occupy seven storefronts
- Storefronts face 3rd Avenue and East 187th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,508
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,410,160
$3.4M
Cap Rate 7%
$2,435,829
$2.4M
Cap Rate 9%
$1,894,533
$1.9M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$272.2K $33.60/SF
− Vacancy
−$28.6K −$3.53/SF
EGI
$243.6K $30.07/SF
− OpEx
−$73.1K −$9.02/SF
NOI
$170.5K $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 Rate 5%
$3,410,160
Cap Rate 7%
$2,435,829
Cap Rate 9%
$1,894,533
Alternative Uses
Best Use
Retail
$2.44M
$2.13M – $2.84M
NOI $170,508 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,542 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,616
Businesses Nearby
358k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Apparel 24%
Dining 18%
Groceries 12%
Burlington
Apparel
56,281 visits/mo
0.4 miles
Western Beef
Groceries
27,533 visits/mo
0.5 miles
TD Bank
Shops & Services
27,422 visits/mo
0.5 miles
Shell
Shops & Services
26,480 visits/mo
0.4 miles
Old Navy
Apparel
19,197 visits/mo
0.3 miles
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - A fully occupied, single-story retail property has multiple storefronts at a corner site.
Where is this strip mall located?
The property is located at 4636 3rd Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 8,100 SF retail building on a 7,979 SF corner lot; Seven ground‑floor tenants occupy seven storefronts; Storefronts face 3rd Avenue and East 187th Street
