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    2598 3Rd Ave, The Bronx, NY 10454

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    Property summary
    AI-generated overview

    This exceptional 7,200 square foot special purpose building in the Bronx, New York, presents a unique investment opportunity. Currently, a portion of the space is occupied by a thriving chiropractic and physical therapy practice, leasing 2,700 square feet. This leaves a substantial 4,500 square feet of readily available space, plus a full basement, perfect for expansion or attracting new tenants within the medical field. The building is located at 2598 Third Avenue, Bronx, NY 10454, in Bronx County. The property's single-tenant occupancy offers streamlined management, while the existing tenant base provides immediate cash flow. The significant available space allows for considerable growth potential, whether through expansion of the existing practices or attracting new medical professionals. This property is ideal for investors seeking a stable income stream with the potential for substantial future returns. The building's location in the Bronx offers convenient access to major transportation routes and a dense population base, ensuring a strong potential tenant pool. The 4,500 square feet of vacant space, combined with the basement, provides ample opportunity for customization and tenant build-outs to meet specific needs. This is a rare chance to acquire a well-situated medical building with immediate income and significant upside.

    Property profile
    Verified
    Property type Specialty properties
    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
    Current use
    Occupant on record · Public records
    • DTS Limited Building Supply Hardware & Home Improvement
    • 2598 Realty Corporation Property Management Company
    • Healthcare Radiology Medical Group
    • Stav Equities Real Estate Agency
    • The Laboratory Patient Service Center Medical Laboratory Blood Testing Service
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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