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2431 Grand Concourse The The Bronx, NY 10468

OFF-MARKET
Retail properties & Spaces
10,000 SF Built 1928
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Property summary

AI-generated overview

This exceptional Class A retail and restaurant space, totaling 10,000 square feet, presents a remarkable investment opportunity in the heart of The Bronx. Located at 2431 Grand Concourse, this property boasts a prime location at the intersection of Grand Concourse and East Fordham Road, offering unparalleled visibility and accessibility. The building, constructed in 1928 and renovated the same year, features a multi-level layout spanning two stories. The ground floor encompasses 4,500 square feet, complemented by a 2,000 square foot mezzanine level and a 2,500 square foot second floor. This versatile space is ideal for a variety of uses, from a large-scale restaurant to a multi-tenant retail operation. The property benefits from a significant 50-foot frontage on Grand Concourse, ensuring high foot traffic and brand visibility. Additional benefits include rooftop signage opportunities, maximizing marketing potential. This is a rare chance to acquire a substantial, well-located commercial property in a thriving Bronx neighborhood. The property is situated in Bronx County, New York, with a zip code of 10468. This multi-level space offers significant potential for a discerning investor or business owner seeking a high-impact location. The building consists of one structure, providing a cohesive and easily managed space.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1928
Total area 10,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2431 Grand Concourse The The Bronx, NY 10468
The Bronx metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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