Two-Tenant Storefront Retail
559-561 East Tremont Avenue, Bronx, NY 10457
For Sale
New
Contact for pricing
The two-story property is occupied by a discount retailer and a child care center.
Property SizeContact for details
Days on Market6
Property Features for 559-561 East Tremont Avenue
General Information
Standard status
Property subtype
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Michael Kook · License #10491208242
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:08PM
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.
At 559-561 East Tremont Avenue, this two-story retail building is leased to two businesses: a discount variety store and a child care center. The property is on the north side of East Tremont Avenue in the Bronx and has a 6.00% cap rate based on current net operating income.
The Tremont station on Metro-North’s Harlem Line is 0.25 miles away. McDonald’s, Boost Mobile, Chase, Popular Bank, CTown and Fine Fare are within 0.40 miles. A permitted 14-story, 213-unit mixed-use development is planned at 521 East Tremont Avenue.
The Tremont station on Metro-North’s Harlem Line is 0.25 miles away. McDonald’s, Boost Mobile, Chase, Popular Bank, CTown and Fine Fare are within 0.40 miles. A permitted 14-story, 213-unit mixed-use development is planned at 521 East Tremont Avenue.
Key Highlights
- Two‑story retail building leased to two tenants
- Current tenants include a discount variety store and a child care center
- 6.00% cap rate on current net operating income
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,526
Businesses Nearby
232k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 28%
Groceries 13%
Apparel 4%
Wendy's
Dining
33,954 visits/mo
0.3 miles
Western Beef
Groceries
27,533 visits/mo
0.3 miles
BP
Shops & Services
27,332 visits/mo
0.3 miles
Shell
Shops & Services
25,279 visits/mo
0.3 miles
Chase Bank
Shops & Services
21,482 visits/mo
0.2 miles
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Market
Properties on Market for Storefront properties in Bronx
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Benicia Florist Same Day Delivery Inc — 1934 crotona ave, bronx, ny 10457
- Lucero's Flower Shop II — 1934 Crotona Ave, Bronx, NY 10457
- Lucero Flower Shop — 1934 Crotona Ave, Bronx, NY 10457
- Paradise Flowers — 720 E Tremont Ave, Bronx, NY 10457
- Mari's Paradise — 1915 Washington Ave, Bronx, NY 10457
Frequently Asked Questions
What type of property is this?
Storefront property - The two-story property is occupied by a discount retailer and a child care center.
Where is this storefront property located?
The property is located at 559-561 East Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $2,210,000.
What are key features of this property?
This property features: Two‑story retail building leased to two tenants; Current tenants include a discount variety store and a child care center; 6.00% cap rate on current net operating income
