Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    815 Hutchinson River Pkwy Bronx, NY 10473

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Bronx Power Center, High-Traffic Location

    Lot size:
    300,000 SF

    Property Features for 815 Hutchinson River Pkwy

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    300,000 SF

    Building Details

    Buildings
    5
    Stories
    1

    Spaces For Lease

    at 815 Hutchinson River Pkwy, Bronx, NY 10473 Contact us

    We can help!

    Listing Contact
    Karnit Mosberg
    Karnit Mosberg

    Listing Agency: Royal Properties Inc Listing Agent: Karnit Mosberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 300,000 square foot power center, located in the Ferry Point section of the Bronx at 815 Hutchinson River Parkway and Lafayette Avenue, presents a unique investment opportunity. The property boasts five single-story buildings totaling 300,000 square feet, with 625 free parking spaces for customer convenience. Currently, 6,404 square feet are available, including a 950 square foot end-cap space (23' x 51' irregular). This prime retail space is situated within a thriving shopping center, redeveloped in 2015, and benefits from strong co-tenancy with national brands such as Target, TJ Maxx, Petco, and many more. The center enjoys high visibility and accessibility, drawing significant traffic from the surrounding community and beyond. Nearby retailers include Home Depot, Marshalls, and other major national chains, further enhancing the property's desirability. The Modified Gross Rent is available upon request. This is an ideal location for businesses seeking high foot traffic and exposure in a densely populated area of Bronx County, New York, zip code 10473.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bronx Plastic Surgery Medical Clinic Dr. Douglas I. ... Physician Whang Eugene MD Physician Dr. Ira C. ... Physician Dr. Louisa M. ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8372427
    Latitude
    40.8227058

    Nearby Similar for Lease

    • $3,000 /Mo
      2,400 SF

      Medical/Dental Office Space Available

      Medical/Dental office space for rent in Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • $13,500 /Mo
      33,193 SF

      Professional Medical Office on Fordham

      Turn-key medical office space for lease in the Bronx.
      625 E Fordham Rd, Bronx, NY 10458
      View Details
    • $9,989 /Mo
      3,500 SF

      Spacious Bronx Retail/Office Opportunity

      Large commercial space in prime Bronx location, suitable for various uses.
      369 E 204Th St, Bronx, NY 10467
      View Details
    • $3,225 /Mo
      860 SF

      Versatile Commercial Space in the Bronx

      860 sq ft commercial space suitable for various businesses.
      2814 Middletown Rd, Bronx, NY 10461
      View Details
    • $3,300 /Mo

      Bronx Office Suite For Rent

      Commercial office suite with elevator access, suitable for various businesses.
      2024 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • New
      $2,150 /Mo
      18,295 SF

      Bronx Office Space For Lease

      Office space for lease in the Bronx, New York.
      910 Sheridan Ave, Bronx, NY 10451
      View Details
    • $2,500 /Mo
      3,450 SF

      Commercial Office Space in Bronx

      Move-in ready commercial office space with natural light.
      3800 E Tremont Ave, Bronx, NY 10465
      View Details
    • $2,500 /Mo
      750 SF

      Bronx Medical Space Available

      Medical office space for rent in the Bronx.
      1103 Franklin Ave, Bronx, NY 10456
      View Details
    • $3,200 /Mo
      2,814 SF

      Bronx Medical Office Space

      Modern 2,000 sq. ft. medical office space for rent.
      2138 Continental Ave, Bronx, NY 10461
      View Details
    • $3,500 /Mo
      1,100 SF

      Bronx Office Space For Rent

      Commercial office space in the Bronx Park section available for rent.
      633 Lydig Ave, Bronx, NY 10462
      View Details
    • $2,400 /Mo
      820 SF

      Bronx Retail Space Available

      Retail space for rent with private bathroom in the Bronx.
      537 Claremont Pkwy, Bronx, NY 10457
      View Details
    • $2,500 /Mo
      6,920 SF

      Professional Office Suites in Bronx

      Custom-built office suites suitable for medical, financial, or legal services.
      1554 Astor Ave, Bronx, NY 10469
      View Details

    FAQs

    What type of property is this?
    Power center - Bronx Power Center, High-Traffic Location
    Where is this power center located?
    The property is located at 815 Hutchinson River Pkwy Bronx, NY.
    What are key features of this property?
    This property features: 300,000 SF retail center anchored by a 165,000 SF Target.; Located in the Ferry Point section of the Bronx at Brush & Lafayette Avenues.; Completely redeveloped in 2015.
    Request Owner's contact information
    815 Hutchinson River Pkwy Bronx, NY 10473
    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.
    815 Hutchinson River Pkwy
    Bronx, NY 10473
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    815 Hutchinson River Pkwy Bronx, NY 10473
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karnit Mosberg
    Karnit Mosberg
    Real Estate License ID: NY10301211682
    Learn more
    Google sign-in failed. Please try again or use another login method.