Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    598 Grand Concourse The The Bronx, NY 10451

    Sponsored
    For Sale
    $2,350,000

    Fully occupied, high-return building.

    Property size:
    5,857 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, four-story mixed-use building located at 598 Grand Concourse in the Bronx, NY, 10451. The 5,857 square foot property, built in 1929, boasts a strong 6.78% cap rate and a Net Operating Income (NOI) of $159,400, with an asking price of $2,350,000 ($401.23/sq ft). The building comprises both commercial and residential units, currently housing five tenants at 100% occupancy. Zoned C4-4, Bronx, (O9), this fee-simple property sits on a 2,535 square foot lot. Utility responsibilities are shared amongst tenants, with the restaurant tenant covering water and sewer costs, and all tenants responsible for electricity and heat. Its convenient location offers proximity to the 149th St - Grand Concourse subway station and is surrounded by various neighborhood amenities including restaurants, clothing stores, and schools. This stabilized, opportunistic investment presents a compelling opportunity for discerning buyers seeking a strong return in a vibrant Bronx location. No rent bumps are currently in place.

    Property Features for 598 Grand Concourse The

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,857 SF
    Class
    C

    Building Details

    Year Built
    1929
    Buildings
    1
    Stories
    4

    HighLights

    • Four‑story mixed‑use building with commercial and residential units for sale.
    • C4‑4 zoning in the Bronx (O9).
    • Restaurant tenant covers water and sewer; all tenants pay for electricity and heat.
    • Excellent transit access: walking distance to the 149th St - Grand Concourse subway station.
    • Strong retail and amenity base nearby, including McDonald's, diverse restaurants, clothing stores, and schools.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.92665220447
    Latitude
    40.819836499708

    Nearby Similar for Sale

    • $18,500,000
      118,000 SF

      Prime Bronx Mixed-Use Portfolio

      139 Apartments & 2 Stores - High ROI
      The Clay Ave, The Bronx, NY 10456
      View Details
    • Contact for pricing
      20,500 SF

      Bronx Warehouse: 20,500 SF

      Prime Port Morris warehouse, ideal for various uses.
      801 136Th St, The Bronx, NY 10454
      View Details
    • $20,000,000
      58,540 SF

      Bronx Mixed-Use Investment Opportunity

      Prime Bronx medical & retail building, 58,540 SF.
      840 Westchester Ave, The Bronx, NY 10459
      View Details
    • $6,900,000
      50,830 SF

      Bronx Multifamily Investment Opportunity

      63-unit apartment building, high NOI, excellent location.
      4116 Carpenter Ave, The Bronx, NY 10466
      View Details
    • $850,000
      2,936 SF

      Bronx Multifamily Investment Opportunity

      Three-unit building, high rental upside.
      4139 Bronxwood Ave, The Bronx, NY 10466
      View Details
    • $1,550,000
      7,690 SF

      Bronx Multifamily Investment Opportunity

      8-Unit Apartment Building, High ROI
      637 224Th St, The Bronx, NY 10466
      View Details
    • $4,300,000
      12,539 SF

      Bronx Multifamily Investment

      11-Unit Apartment Building, High Returns
      446 149Th St, The Bronx, NY 10455
      View Details
    • $5,250,000
      15,224 SF

      Popham Ave Multifamily Investment

      18-Unit Bronx Apartment Building, High ROI
      1643-1645 Popham Ave, The Bronx, NY 10453
      View Details
    • $3,300,000
      6,386 SF

      Mott Haven Mixed-Use Investment

      Prime Bronx location, high NOI, strong cap rate.
      2582 3Rd Ave, The Bronx, NY 10454
      View Details
    • Contact for pricing

      Hunts Point Warehouse - 31,000 SF

      Prime Hunts Point warehouse, ideal for owner-users or investors.
      610 Tiffany St, The Bronx, NY 10474
      View Details
    • $1,250,000
      3,903 SF

      Bronx Multifamily Value-Add

      5-Unit Apartment Building, High Potential
      910 Home St, The Bronx, NY 10459
      View Details
    • $950,000
      1,650 SF

      Mosholu Avenue Office Building

      Prime Bronx Office, 7.51% Cap Rate
      5731 Mosholu Ave, The Bronx, NY 10471
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Fully occupied, high-return building.
    Where is this individual retail property located?
    The property is located at 598 Grand Concourse The The Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: Four-story mixed-use building with commercial and residential units for sale.; C4-4 zoning in the Bronx (O9).; Restaurant tenant covers water and sewer; all tenants pay for electricity and heat.
    Request Owner's contact information
    598 Grand Concourse The The Bronx, NY 10451
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    598 Grand Concourse The
    The Bronx, NY 10451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    598 Grand Concourse The The Bronx, NY 10451
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.