New Construction Mixed-Use
For Sale
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790 Allerton Avenue, Bronx, NY 10467
Seven-story building combining residential, office, and retail components in an established Bronx neighborhood.
Property Size70,116 SF
Lot Size0.41 Acres
Price / SF$570.48
Days on Market61
Property Features for 790 Allerton Avenue
General Information
Standard status
Active
Size
70,116 SF
Class
A
Total Parking Spaces
60
Lot size
0.41 Acres
Property subtype
Retail, Mixed Use
Zoning
R6, C8-1, C1-3
Additional Details
Asking Price
$40,000,000
Corner Location
Yes
Building Details
Year Built
2022
Buildings
1
Stories
7
Units
43
Building Size
70,116 SF
Tenancy
Multi
Listing Agency:
Global Realty Development LLC
Listed By:
Ian Stewart · License #10401405911
Source:
Crexi
Added: Aug 20
Changed: Oct 14
Last Checked: Oct 19 at 6:53AM
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 Global Realty Development LLC
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Investment Insights
Based on property information with market context.
Completed in 2022, this seven-story mixed-use property at 790 Allerton Avenue combines 43 residential units with approximately 21,010 SF of office space and approximately 12,529 SF of retail space. The building contains approximately 70,116 SF of total area and occupies an approximately 17,722 SF corner lot.
The property is located in the Allerton section of the Bronx, NY 10467, along Allerton Avenue and near surrounding residential and commercial uses. Its zoning designations are R6, C8-1, and C1-3. The combination of residential, office, and retail components creates a diversified large-scale commercial asset within an established New York City submarket.
The property is located in the Allerton section of the Bronx, NY 10467, along Allerton Avenue and near surrounding residential and commercial uses. Its zoning designations are R6, C8-1, and C1-3. The combination of residential, office, and retail components creates a diversified large-scale commercial asset within an established New York City submarket.
Key Highlights
- Approximately 70,116 SF of mixed‑use building area
- 43 residential units
- Approximately 21,010 SF of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,906,384
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,127,680
$38.1M
Cap Rate 7%
$27,234,057
$27.2M
Cap Rate 9%
$21,182,044
$21.2M
Market Conditions
NOI Build-Up for 70,116 SF
Gross rent
$3.20M $45.60/SF
− Vacancy
−$655.4K −$9.35/SF
EGI
$2.54M $36.25/SF
− OpEx
−$635.5K −$9.06/SF
NOI
$1.91M $27.19/SF
Area
ZIP 10467
Vacancy
20.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,127,680
Cap Rate 7%
$27,234,057
Cap Rate 9%
$21,182,044
Alternative Uses
Best Use
Office B
$27.23M
$23.83M – $31.77M
NOI $1,906,384 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$21.80M
$19.07M – $25.43M
NOI $1,525,738 @ 7.0% cap · market cap 3.81%
Theoretical Best
Warehouse
$48.59M
$42.51M – $56.68M
NOI $3,400,982 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,581
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven-story building combining residential, office, and retail components in an established Bronx neighborhood.
Where is this mixed-use property located?
The property is located at 790 Allerton Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $40,000,000.
What are key features of this property?
This property features: Approximately 70,116 SF of mixed‑use building area; 43 residential units; Approximately 21,010 SF of office space
