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    OFF-MARKET
    Retail properties & Spaces

    5690-5700 Riverdale Ave, The Bronx, NY 10471

    6,200 SF 0.17 ac lot Built 1951
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6,200 square foot retail property, located at 5690-5700 Riverdale Avenue in the Bronx, New York (zip code 10471), presents a compelling investment opportunity. The one-story building, constructed in 1951, sits on a 0.166-acre lot and boasts 80 feet of frontage on Riverdale Avenue, a high-traffic area with 8,365 vehicles passing daily. The property is currently 100% occupied by four established tenants: Connaughton's Riverdale Steak House, Mary-Anne's Fine Clothing & Gifts, KPE Laundry & Cleaners, and Brown's Jewelers. The building comprises 5,100 square feet of ground floor space and an additional 1,080 square feet in the lower level, dedicated to bar and restroom facilities for the restaurant. The property is zoned R4 within a C1-2 overlay and includes six parking spaces. Its convenient location is steps from a bus stop and just one mile from the Riverdale Metro-North train station. Nearby amenities include Chase Bank, Dunkin' Donuts/Baskin Robbins, Key Food, a USPS post office, Riverdale Kosher Market, and Verizon. The property's proximity to Manhattan College, Van Cortlandt Park, the Bronx Zoo, and the New York Botanical Garden further enhances its appeal. This is a rare opportunity to acquire a well-located, fully occupied retail building in a thriving Bronx neighborhood.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1951
    Total area 6,200 SF
    Lot 0.17 ac (7,231 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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