Mixed-Use Building Near
2582 Third Ave The Bronx, NY 10454
For Sale
Contact for pricing
Mixed-use building with retail space and apartments near subway.
Property Size6,386 SF
Price / SF$516.76
Days on Market885
Property Features for 2582 Third Ave The
General Information
- Standard status
- Active
- Size
- 6,386 SF
- Property subtype
- Mixed Use
Listing Agency:
Highcap Group
Listed By:
Anthony Volman · License #NY
Source:
Crexi
Added: Feb 22, 2024
Changed: Jul 10
Last Checked: Jul 25 at 10:34AM
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 Highcap Group
Investment Insights
Based on property information with market context.
This mixed-use building, situated in a busy location on the Avenue and two blocks from the 6 subway station, features 6,500 square feet. The property includes two free market apartments and a vacant 4,200-square-foot retail store with an additional 2,500-square-foot basement. The retail space is divisible. The property's gross income is $289,000, and the net income is $234,000 with the projected store, resulting in a 7.1% CAP.
Key Highlights
- Investment Opportunity: 7.1% CAP rate
- High Net Operating Income: $234k (projected with store)
- Prime Location: Busy Avenue, 2 blocks from the 6 subway station
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.6k | $33.60 |
| − Vacancy | −$22.5k | −$3.53 |
| EGI | $192.0k | $30.07 |
| − OpEx | −$57.6k | −$9.02 |
| NOI | $134.4k | $21.05 |
6,386 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,428 @ 7.0% cap · market cap 4.07%
Second Best
Mixed Use
$1.83M
$1.60M – $2.13M
NOI $127,880 @ 7.0% cap · market cap 3.88%
Theoretical Best
Warehouse
$4.43M
$3.87M – $5.16M
NOI $309,753 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with retail space and apartments near subway.
Where is this mixed-use property located?
The property is located at 2582 Third Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Investment Opportunity: 7.1% CAP rate; High Net Operating Income: $234k (projected with store); Prime Location: Busy Avenue, 2 blocks from the 6 subway station
