Versatile Commercial Property in Bronx,
70 Grace Church Street Bronx, NY 10573
For Sale
$949,000
COMMERCIAL - Bronx, NY
Property Size2,988 SF
Lot Size0.19 Acres
Price / SF$317.60
Days on Market108
Property Features for 70 Grace Church Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CD2
Basement
Finished
Standard status
Active
Size
2,988 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
21670
Building Details
Year built
1984
Number of units
1
Building materials
Brick, Wood Frame
Roof type
Asphalt
Listing Agency:
RD Realty Consultants I LLC
(718) 859-0800
Listed By:
David James
(718) 859-0800
Added: Apr 14
Changed: May 12
Last Checked: Jul 30 at 3:06AM
MLS# 500244
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property presents an opportunity to own a versatile, income-generating asset in a revitalizing area. Featuring distinct storefronts, the building is suited for an owner-user looking to offset their mortgage with rental income, or an investor seeking a high-demand retail location in a rapidly growing market. The property features a dual-storefront layout with two independent commercial units with large display windows, offering street exposure and signage opportunities. The location on Grace Church Street, a connector between the City of Rye and the waterfront, ensures consistent vehicular and pedestrian traffic. The property is ideal for retail, professional offices, specialty boutiques, or service-based businesses, subject to approval. It is located within a short distance of the Port Chester Metro-North Station, making it easily accessible for commuters and local residents. Set within a community undergoing rezoning and urban renewal, the property provides long-term appreciation potential. The property is positioned near the waterfront, the downtown dining district, and high-density residential areas. The lot size is 0.1924 acres and the property size is 2988 square feet.
Key Highlights
- Prime Location on Grace Church Street with high traffic.
- Dual‑Storefront Layout: Two independent units with large display windows.
- Redevelopment Potential in an area undergoing significant rezoning.
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 | $100.4k | $33.60 |
| − Vacancy | −$10.5k | −$3.53 |
| EGI | $89.9k | $30.07 |
| − OpEx | −$27.0k | −$9.02 |
| NOI | $62.9k | $21.05 |
2,988 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$898.6K
$786.2K – $1.05M
NOI $62,899 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.42M
NOI $144,933 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Elissa Held Corporation — 168 Irving Ave #200a, Port Chester, NY 10573
Frequently Asked Questions
What type of property is this?
Storefront property - Income-generating commercial property with dual storefronts in a growing market.
Where is this storefront property located?
The property is located at 70 Grace Church Street Bronx, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Prime Location on Grace Church Street with high traffic.; Dual‑Storefront Layout: Two independent units with large display windows.; Redevelopment Potential in an area undergoing significant rezoning.
