Four-Unit Retail
For Sale
Contact for pricing
909 East Tremont Avenue, Bronx, NY 10460
Multi-unit retail configuration along an established Bronx commercial corridor with R7X/C1-4 zoning.
Property Size6,500 SF
Price / SF$538.46
Days on Market50
Property Features for 909 East Tremont Avenue
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Retail
Zoning
R7X/C1-4
Investment Type
Stabilized
Net Operating Income
$270,121
Financials
Asking Price
$3,500,000
Cap Rate
7.7%
Additional Details
Frontage
86 ft
Building Details
Units
4
Tenancy
Multi
Listing Agency:
Kassin Sabbagh Realty
Listed By:
Solomon Sharaby · License #10401283106
(718) 986-7149
Source:
Crexi
Added: Aug 27
Changed: Oct 6
Last Checked: Oct 14 at 10:24PM
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 Kassin Sabbagh Realty
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Investment Insights
Based on property information with market context.
This retail condominium encompasses 6,500 square feet across four separate retail units. The property offers approximately 86 feet of frontage along East Tremont Avenue, supporting storefront exposure within an established commercial corridor. Zoning is designated R7X/C1-4, and the asset includes an ICAP tax abatement.
The property is situated between Honeywell and Daly Avenues in the Crotona neighborhood of the Bronx, at 909 East Tremont Avenue, Bronx, NY 10460. Its multiple-unit configuration provides a defined retail layout within a condominium ownership structure.
The property is situated between Honeywell and Daly Avenues in the Crotona neighborhood of the Bronx, at 909 East Tremont Avenue, Bronx, NY 10460. Its multiple-unit configuration provides a defined retail layout within a condominium ownership structure.
Key Highlights
- 6,500 SF retail condominium
- Four retail units included
- Approximately 86 feet of frontage along East Tremont Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,828
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,736,560
$2.7M
Cap Rate 7%
$1,954,686
$2.0M
Cap Rate 9%
$1,520,311
$1.5M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$218.4K $33.60/SF
− Vacancy
−$22.9K −$3.53/SF
EGI
$195.5K $30.07/SF
− OpEx
−$58.6K −$9.02/SF
NOI
$136.8K $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 Rate 5%
$2,736,560
Cap Rate 7%
$1,954,686
Cap Rate 9%
$1,520,311
Alternative Uses
Best Use
Retail
$1.95M
$1.71M – $2.28M
NOI $136,828 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.50M
$3.94M – $5.25M
NOI $315,283 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,024
Businesses Nearby
260k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 31%
Shops & Services 26%
Dining 24%
Apparel 16%
Stop & Shop
Groceries
52,265 visits/mo
0.3 miles
McDonald's
Dining
30,388 visits/mo
0.5 miles
T.J. Maxx
Apparel
26,545 visits/mo
0.4 miles
Chase Bank
Shops & Services
21,482 visits/mo
0.4 miles
C-Town Supermarkets
Groceries
17,380 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Multi-unit retail configuration along an established Bronx commercial corridor with R7X/C1-4 zoning.
Where is this retail space located?
The property is located at 909 East Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6,500 SF retail condominium; Four retail units included; Approximately 86 feet of frontage along East Tremont Avenue
