Property profile

The Peartree Sq The Bronx, NY 10475

OFF-MARKET
Lifestyle centers
64,855 SF
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Property summary

AI-generated overview

Peartree Square Shopping Center in the Bronx, NY, offers an exceptional retail opportunity. This 64,855 square foot shopping center currently has three vacant suites available, ranging from a minimum of 2,817 square feet to a maximum contiguous space of 56,038 square feet. The property is ideally situated across from the large Co-op City residential development, providing immediate access to a substantial customer base of over 50,000 residents. The center benefits from high visibility due to its location at the intersection of Co-op City Boulevard and Peartree Avenue, and features ample parking with 600 spaces available. Its convenient location offers easy access to major transportation arteries, including I-95 and the Hutchinson River Parkway, ensuring excellent accessibility for both customers and employees. The property is classified as a multi-tenant retail shopping center in Bronx County, NY, with a zip code of 10475. This presents a unique chance to establish a presence in a thriving community with significant foot traffic and strong potential for growth. The entire center is currently vacant, offering a blank canvas for a new tenant or a group of tenants to create a vibrant retail destination.

Property profile

Verified
Property type Lifestyle centers
Total area 64,855 SF

Cap rate & NOI

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

Location

The Peartree Sq The Bronx, NY 10475
The Bronx metro
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Value estimations

Realmo proprietary · 4 methods
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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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