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

    2886 3Rd Ave The Bronx, NY 10455

    Sponsored
    For Lease
    Contact for pricing

    10,000 SF Office, Prime Bronx Location

    Lot size:
    25,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional executive office space, located at 2886 Third Avenue in the Bronx, New York, offers 10,000 square feet of immediately available space within a larger 25,232 square foot building. The property boasts a convenient single-tenant occupancy, ideal for businesses seeking a dedicated and private workspace. Situated on a 10,315 square foot lot, the two-story Class B building features a desirable 12-foot ceiling height. Modern conveniences include elevators. The property is zoned C4-4 and is located in the vibrant Woodstock neighborhood, between Westchester Avenue and East 152nd Street. Its strategic location provides easy access to public transportation, with the 2 and 5 subway lines at 3rd Avenue - 149th Street station within close proximity. Numerous bus lines, including the BX15, BX41, BX21, BX4, BX19, and BX2, also serve the area. The building benefits from a strong tenant base in the immediate vicinity, including well-known national brands such as Planet Fitness, Chipotle Mexican Grill, Blink Fitness, Capital One Bank, McDonald's, Cinnabon, Apple Bank, KFC, Citi, CVS, Dunkin', IHOP, Burlington, ALDI, Subway, Forman Mills, Boost Mobile, Mattress Firm, Family Dollar, AutoZone Auto Parts, Taco Bell, Cricket Wireless, GameStop, Burger King, and many more, ensuring high foot traffic and visibility. This presents a unique opportunity for a business seeking a prominent location in a thriving commercial area of the Bronx.

    Property Features for 2886 3Rd Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,232 SF
    Class
    B

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor Available Space
    Size
    10,000 SF

    We can help!

    Listing Contact
    Shlomi Bagdadi
    Shlomi Bagdadi

    Learn more

    Property Insight Report

    HighLights

    • 10,000 SF of immediately available executive office space in a 25,232 SF building.
    • Single‑tenant occupancy in a two‑story Class B building with 12‑foot ceilings and elevator access.
    • Located on a 10,315 SF lot in the Bronx's Woodstock neighborhood, zoned C4‑4.
    • Excellent access to public transportation (2 & 5 subway lines, multiple bus routes).
    • High visibility location with strong surrounding tenant base including national brands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Foot Locker Fashion Accessories Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -73.9161396
    Latitude
    40.8168355

    Nearby Similar for Lease

    • Contact for pricing
      21,000 SF

      Parkchester Retail Spaces Available

      Prime Bronx retail condos, 5 units.
      0 Parkchester Condominiums The, The Bronx, NY 10462
      View Details
    • Contact for pricing
      14,000 SF

      West Fordham Road Medical Office

      Bronx Medical Office Space Available
      63 Fordham Rd, The Bronx, NY 10468
      View Details
    • Contact for pricing
      4,298 SF

      Bronx Medical Office Space For Lease

      Prime Bronx location, multiple suites available.
      459 149Th St, The Bronx, NY 10455
      View Details
    • $264 SF/Yr
      35,000 SF

      Bronx Industrial Space - 35,000 SF

      Prime Bronx warehouse, flexible space, great access.
      935 Bronx River Ave, The Bronx, NY 10473
      View Details
    • $531 /Mo
      1,223 SF

      Prime Bronx Retail Space

      1,223 SF Retail Space - Available Now
      3972 3Rd Ave, The Bronx, NY 10457
      View Details
    • Contact for pricing
      4,000 SF

      Prime Bronx Medical Office Space

      4,000 SF Medical Office - Bronx, NY
      1926 Crotona Pkwy Cor Of Southern Blvd & Elsmere Pl, The Bronx, NY 10460
      View Details
    • $12 SF/Yr
      5,701 SF

      Bronx Office Space for Lease

      Flexible Offices in the Bronx
      1500 Astor Ave, The Bronx, NY 10469
      View Details
    • Contact for pricing
      9,372 SF

      Prime Bronx Retail Space

      9,372 SF Retail Space - Available Now
      3225 3Rd Ave, The Bronx, NY 10451
      View Details
    • Contact for pricing
      3,164 SF

      Bruckner Commons Medical Office Space

      Prime Bronx Medical Office: 3,164 sq ft available.
      1910 Story Ave, The Bronx, NY 10473
      View Details
    • Contact for pricing
      11,250 SF

      Prime Bronx Retail Corner Location

      Former Walgreens, Excellent Condition, High Visibility
      650 Tremont Ave, The Bronx, NY 10457
      View Details
    • Contact for pricing
      27,651 SF

      Prime Bronx Medical Office Space

      Spacious Suites, Excellent Location
      301 Walton Ave, The Bronx, NY 10451
      View Details
    • Contact for pricing
      7,500 SF

      Prime Bronx Medical Office Space

      7,500 SF Medical Office For Lease
      1155-59 Southern Blvd, The Bronx, NY 10459
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 10,000 SF Office, Prime Bronx Location
    Where is this office property / space located?
    The property is located at 2886 3Rd Ave The Bronx, NY.
    What are key features of this property?
    This property features: 10,000 SF of immediately available executive office space in a 25,232 SF building.; Single-tenant occupancy in a two-story Class B building with 12-foot ceilings and elevator access.; Located on a 10,315 SF lot in the Bronx's Woodstock neighborhood, zoned C4-4.
    Request Owner's contact information
    2886 3Rd Ave The Bronx, NY 10455
    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.
    2886 3Rd Ave
    The Bronx, NY 10455
    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
    2886 3Rd Ave The Bronx, NY 10455
    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
    Shlomi Bagdadi
    Shlomi Bagdadi
    Real Estate License ID: NY 10311204539
    Learn more
    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.