Mixed-Use Building with Ground
For Sale
Contact for pricing
788 E Tremont Ave, Bronx, NY 10460
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 Market146
Property Features for 788 E Tremont Ave
General Information
Standard status
Active
Size
7,550 SF
Property subtype
Mixed Use, Retail
Zoning
C4-4A / R7A equiv
Occupancy
75%
Investment Type
Stabilized
Net Operating Income
$123,029
Additional Details
Cap Rate
6%
Building Details
Year Renovated
2024
Buildings
1
Stories
3
Listing Agency:
Capline Consolidated
Listed By:
Robert Shiryak · License #NY10491213394
(347) 908-7623
Source:
Crexi
Added: Apr 13
Changed: Aug 14
Last Checked: Sep 5 at 8:29AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,931
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,178,620
$3.2M
Cap Rate 7%
$2,270,443
$2.3M
Cap Rate 9%
$1,765,900
$1.8M
Market Conditions
NOI Build-Up for 7,550 SF
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.
Gross rent
$253.7K $33.60/SF
− Vacancy
−$26.6K −$3.53/SF
EGI
$227.0K $30.07/SF
− OpEx
−$68.1K −$9.02/SF
NOI
$158.9K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,178,620
Cap Rate 7%
$2,270,443
Cap Rate 9%
$1,765,900
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $158,931 @ 7.0% cap · market cap 7.75%
Second Best
Mixed Use
$2.16M
$1.89M – $2.52M
NOI $151,189 @ 7.0% cap · market cap 7.38%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,732
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 15%
Dining 13%
Apparel 9%
BP
Shops & Services
27,332 visits/mo
0.5 miles
Chase Bank
Shops & Services
21,482 visits/mo
0.1 miles
C-Town Supermarkets
Groceries
17,380 visits/mo
0.5 miles
Family Dollar
Shops & Services
10,272 visits/mo
0.2 miles
McDonald's
Dining
10,007 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
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
