Retail Storefront
New
For Sale
$3,200,000
790 Tremont Avenue, Bronx, NY 10460
C4-4A / R7A-zoned storefront with access to public transportation.
Property Size4,690 SF
Lot Size0.11 Acres
Price / SF$682.30
Days on Market2
Property Features for 790 Tremont Avenue
General Information
Standard status
Active
Size
4,690 SF
Lot size
0.11 Acres
Property subtype
Commercial
Zoning
C4-4A / R7A
Taxes and HOA fees
Annual Taxes
$34,279
Building Details
Buildings
1
Listing Agency:
Sweet Key Realty Group Inc
(516) 517-2400
Listed By:
Kayla Piao (sweet2keys@gmail.com)
(516) 992-2888
Source:
Educatorsrealty
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 16 at 7:57PM
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 Sweet Key Realty Group Inc
Investment Insights
Based on property information with market context.
This retail storefront property includes a 4,690 SF commercial building on a 5,000 SF lot. The configuration is positioned for retail or service-oriented occupancy, with zoning designated C4-4A / R7A. The property also carries approximately 20,000 buildable SF for future redevelopment consideration.
Located at 790 Tremont Avenue in the Bronx, the building fronts a commercial corridor with access to public transportation. Its location provides exposure to pedestrian activity and supports a range of commercial applications identified in the property information.
Located at 790 Tremont Avenue in the Bronx, the building fronts a commercial corridor with access to public transportation. Its location provides exposure to pedestrian activity and supports a range of commercial applications identified in the property information.
Key Highlights
- 4,690 SF commercial building
- 5,000 SF lot
- C4‑4A / R7A zoning
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
$98,726
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
3.09%
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%
$1,974,520
$2.0M
Cap Rate 7%
$1,410,371
$1.4M
Cap Rate 9%
$1,096,956
$1.1M
Market Conditions
NOI Build-Up for 4,690 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
$157.6K $33.60/SF
− Vacancy
−$16.5K −$3.53/SF
EGI
$141.0K $30.07/SF
− OpEx
−$42.3K −$9.02/SF
NOI
$98.7K $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%
$1,974,520
Cap Rate 7%
$1,410,371
Cap Rate 9%
$1,096,956
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.65M
NOI $98,726 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.25M
$2.84M – $3.79M
NOI $227,489 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,732
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - C4-4A / R7A-zoned storefront with access to public transportation.
Where is this storefront property located?
The property is located at 790 Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 4,690 SF commercial building; 5,000 SF lot; C4‑4A / R7A zoning
