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    1598 Bronxdale Ave The Bronx, NY 10462

    Sponsored
    For Sale
    $2,250,000

    Prime Bronx retail complex, high cap rate.

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a three-building retail complex located at 1598 Bronxdale Avenue in the Bronx, New York, 10462. The property boasts a total of 3,500 square feet of commercial space situated on a 6,640 square foot lot, offering significant potential for a variety of retail uses. The asking price is $2,250,000, translating to a price per square foot of $339 and a pro-forma cap rate of 9.65%. The buildings are all single-story structures, featuring ceiling heights ranging from 10 to 20 feet. The flexible layouts allow for multiple storefronts and the possibility of incorporating second-floor office space. The property benefits from over 263 feet of commercial frontage on Bronxdale Avenue, providing excellent visibility and accessibility. Ample parking is available with multiple curb cuts, accommodating over 10 vehicles. A fully operational gas pump is also included on the property. The property is zoned C8-1, offering a range of permitted uses. This is a rare opportunity to acquire a well-located, multi-building retail complex with significant upside potential in a thriving Bronx neighborhood. The combination of high visibility, ample parking, and flexible space makes this an ideal investment for both seasoned and emerging investors.

    Property Features for 1598 Bronxdale Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,500 SF

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • 263+ feet of commercial frontage.
    • Ample parking with multiple curb cuts.
    • C8‑1 zoning.
    • Three buildings with parking for 10+ vehicles.
    • Operational gas pump.
    • 10‑20 foot ceiling heights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riteway Private Car ... Ambulance Service Bronxdale Auto Clinic Auto Repair 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
    -73.8562296
    Latitude
    40.843639

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    FAQs

    What type of property is this?
    Retail property - Prime Bronx retail complex, high cap rate.
    Where is this retail property located?
    The property is located at 1598 Bronxdale Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 263+ feet of commercial frontage.; Ample parking with multiple curb cuts.; C8-1 zoning.
    Request Owner's contact information
    1598 Bronxdale Ave The Bronx, NY 10462
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    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
    1598 Bronxdale Ave The Bronx, NY 10462
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