Mixed-Use Building with Ground
788 E Tremont Ave Bronx, NY 10460
788 E Tremont Ave, Bronx, NY, 10460
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For Sale
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7,550 SF mixed-use building with fully occupied ground-floor retail and vacant second and third floors.
Property Size7,550 SF
Price / SF$271.52
Days on Market100
Property Features for 788 E Tremont Ave
General Information
- Standard status
- Active
- Size
- 7,550 SF
- Property subtype
- Mixed Use, Retail
Listing agency
Capline Consolidated
(347) 908-7623
Listed by
Robert Shiryak · License #NY10491213394
Source
Crexi
Added: Apr 13 Updated: Jul 20 at 9:23PM Checked: Jul 21 at 6:51AM
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 Capline Consolidated
Investment Insights
Based on property information with market context.
788 E Tremont Ave is a 7,550-square-foot mixed-use building offering ground-floor retail that is fully occupied, with additional space on the second and third floors currently vacant. The property produces current gross income of $176,818, with operating expenses of $53,789, resulting in a Net Operating Income (NOI) of $123,029.
The building is located on East Tremont Avenue. While the ground-floor retail provides stabilized income, the second and third floors present an opportunity for an owner to lease the vacant space and grow overall performance by filling those levels.
The building is located on East Tremont Avenue. While the ground-floor retail provides stabilized income, the second and third floors present an opportunity for an owner to lease the vacant space and grow overall performance by filling those levels.
Key Highlights
- 7,550‑square‑foot mixed‑use building with fully occupied ground‑floor retail and vacant second and third floors
- Current gross income of $176,818 with operating expenses of $53,789, resulting in $123,029 NOI
- Stabilized retail income on the ground floor while upper floors are available for new leasing
Local 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 | $253.7k | $33.60 |
| − Vacancy | −$26.6k | −$3.53 |
| EGI | $227.0k | $30.07 |
| − OpEx | −$68.1k | −$9.02 |
| NOI | $158.9k | $21.05 |
7,550 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.70M
$2.36M – $3.15M
NOI $189,071 @ 7.0% cap · market cap 9.22%
Second Best
Retail
$2.27M
$1.99M – $2.65M
NOI $158,931 @ 7.0% cap · market cap 7.75%
Theoretical Best
Warehouse
$5.23M
$4.58M – $6.10M
NOI $366,213 @ 7.0% cap · market cap 17.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lambur Lux Jewelry
(Bike/Boat/Book/etc) Store
Mee Wha Gift ...
(Bike/Boat/Book/etc) Store
Castillo Services N ...
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 7,550 SF mixed-use building with fully occupied ground-floor retail and vacant second and third floors.
Where is this retail space located?
The property is located at 788 E Tremont Ave Bronx, NY.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 7,550‑square‑foot mixed‑use building with fully occupied ground‑floor retail and vacant second and third floors; Current gross income of $176,818 with operating expenses of $53,789, resulting in $123,029 NOI; Stabilized retail income on the ground floor while upper floors are available for new leasing
