Current Use by Public Records
- Laundromat / (Bike/Boat/Book/etc) Store
- Urban Luxe Space / Hotel & Motel / Resort
- Olgam Life Plasma Donation Center / Medical Clinic
- J-MAX Homes Corporation / Real Estate Agency
- Pelham Parkway Little League / Child Welfare Organization / Charitable Organization
Property Details for 2028 White Plains Rd
- Year built
- 1928
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional two-story retail building, located at 2028 White Plains Road in the Bronx, NY 10462, presents a compelling investment opportunity. The property encompasses approximately 18,830 square feet across six commercial units, situated on an 8,954 square foot lot. Built in 1928, the building benefits from a prime location with 250 feet of wraparound frontage, including 125 feet on White Plains Road, ensuring high visibility and accessibility. The C8-1 zoning allows for a variety of commercial uses. Currently boasting 92% occupancy, the property generates a substantial net operating income (NOI) of $352,578, representing a 6.50% cap rate at an asking price of $5,500,000. The property's strategic location within a major retail hub, coupled with its proximity to the Pelham Parkway 2 and 5 subway stations, ensures high foot traffic and convenient access for both tenants and customers. The building's strong financial performance, combined with its desirable location and recent capital expenditures, makes it an attractive investment for discerning buyers seeking a stable and high-yielding asset in the Bronx commercial real estate market. The estimated annual property taxes are approximately $85,319. The building dimensions are approximately 117' x 97', with a lot size of approximately 117' x 100' (irregular).
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8676
- Latitude
- 40.8512
