Listing Agency: Rosewood Realty Group Show Phone

Listed By: Mike Kerwin · License #NY 40KE1038789

Source: Crexi

Added: Apr 13 Changed: Aug 29 Last Checked: Aug 31 at 8:23AM

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Investment Insights

Based on property information with market context.

This commercial land offering combines a corner development site with 102,675 buildable square feet. The stated development capacity incorporates the City of Yes and Fresh Supermarket Bonus provisions.

A separate transaction may provide access to an additional 59,000 square feet of air rights, bringing the stated total potential development capacity to 161,675 square feet. The property encompasses 761-769 E Tremont Ave and 1972-1976 Prospect Ave in The Bronx, NY 10460.

Key Highlights

• 102,675 buildable SF included in the stated development capacity
• Additional 59,000 SF of air rights available through a separate transaction
• 161,675 SF total potential development capacity

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Acupuncture Skin Care Clinic Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,527

Businesses Nearby

192k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 40% Shops & Services 39% Groceries 21%

Western Beef Groceries

23,969 visits/mo 0.5 miles

White Castle Dining

21,075 visits/mo 0.4 miles

BP Shops & Services

17,603 visits/mo 0.3 miles

Dollar Tree Shops & Services

17,410 visits/mo 0.5 miles

McDonald's Dining

17,076 visits/mo 0.5 miles

Demographics for 10460, NY

62,625

Population

24,085

Households

2.6

Avg Household Size

34

Median Age

15%

College-Educated

71%

High-School Grad

1.5 sq mi

ZIP Area

41,750

Density / Sq Mi

$36,067

Median Household Income

$31,283

Median Earnings

$1,332

Median Rent

$589,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Commercial land - Corner development parcel with documented buildable area and additional air rights potential.

Where is this commercial land located?

The property is located at 761-769 E Tremont Ave & 1972-1976 Prospect Ave The Bronx, NY.

What are key features of this property?

This property features: 102,675 buildable SF included in the stated development capacity; Additional 59,000 SF of air rights available through a separate transaction; 161,675 SF total potential development capacity