Prime City Island Corner
500 City Island Ave, Bronx, NY 10464
Highly visible corner property with commercial kitchen and parking.
Type:Retail
Property size:
6,796 SFLot size:
0.38 AcresPrice / SF:
$286/SF- Added:
- Feb 3, 2026
- Days on Market:
- 102
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 500 City Island Ave
General Information
- Standard status
- Active
- Size
- 6,796 SF
- Lot size
- 0.38 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1936
Listing agent Kyle Inserra License #10401311466
Listing office 10rep
Listing date Feb 3, 2026
Source Crexi
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 10rep
HighLights
- Prime corner location with 176 feet of frontage on City Island Avenue, offering maximum visibility and high traffic.
- Turnkey restaurant opportunity with existing commercial‑grade kitchen infrastructure and venting.
- Rare on‑site private parking, a valuable amenity in City Island.
- Flexible zoning allows for various uses: restaurant, retail, event space, gallery, or mixed‑use redevelopment.
- Located in a high‑income area with 38% of residents earning over $150,000 annually.
- Large 16,625 square foot lot with a 6,796 square foot building, providing ample space and potential.
Overview
This highly visible corner property is available for sale or lease in the heart of City Island’s primary commercial corridor. The property has 176 feet of frontage along City Island Avenue and 92 feet on Beach Street, commanding maximum exposure and consistent year-round foot and vehicle traffic. Formerly a Japanese restaurant, the building is fully vented and equipped with commercial-grade kitchen infrastructure. The property comprises approximately 6,796 square feet of building area on a 16,625 square foot lot, featuring on-site private parking. Its layout and zoning support a range of potential uses including restaurant, café, retail, event space, gallery, or mixed-use redevelopment. The location is surrounded by dining and retail destinations such as City Island Lobster House and Artie’s Steak & Seafood, and boutique shops. The site offers appeal for both investors and operators seeking a strategic position in one of NYC’s waterfront communities. The property is intended for restaurant, café, retail, event space, gallery, or mixed-use redevelopment.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.85M
NOI $166,060 @ 9.00% cap · cautious / downside scenario
Moderate
$2.37M
NOI $166,060 @ 7.00% cap · market / base-case scenario
Aggressive
$3.32M
NOI $166,060 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $244.7k | $36.00 |
| − Vacancy | −$23.2k | −$3.42 |
| EGI | $221.4k | $32.58 |
| − OpEx | −$55.4k | −$8.15 |
| NOI | $166.1k | $24.44 |
6,796 SF · lease $36.00/SF/yr · vacancy 9.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,060 @ 7.0% cap · market cap 8.52%
Second Best
Retail
$2.04M
$1.79M – $2.38M
NOI $143,059 @ 7.0% cap · market cap 7.34%
Theoretical Best
Warehouse
$4.71M
$4.12M – $5.49M
NOI $329,641 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
Ohana Japanese Hibachi ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.789302
- Latitude
- 40.85283
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Highly visible corner property with commercial kitchen and parking.
Where is this restaurant located?
The property is located at 500 City Island Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime corner location with 176 feet of frontage on City Island Avenue, offering maximum visibility and high traffic.; Turnkey restaurant opportunity with existing commercial‑grade kitchen infrastructure and venting.; Rare on‑site private parking, a valuable amenity in City Island.
