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Property profile

63 Fordham Rd The Bronx, NY 10468

OFF-MARKET
Retail properties & Spaces
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14,000 SF 3.3 ac lot

Property summary

AI-generated overview

This exceptional single-tenant medical office building, located at 63 West Fordham Road in the Bronx's University Heights submarket, presents a unique investment opportunity. The property boasts a total of 14,000 square feet, with 5,000 square feet currently vacant, offering significant potential for expansion or lease to a new tenant. Situated on a 3.3-acre lot, the one-story building features a 4.8 floor area ratio and is zoned R6/C1-4. Its prime location between Grant and University Avenues ensures high visibility and accessibility, benefiting from strong pedestrian traffic and excellent public transportation links. The building's strategic placement within the bustling University Heights area places it amidst a thriving mix of established national and local retailers, creating a vibrant and attractive environment for both patients and staff. The property's single-tenant occupancy provides stability and ease of management, while the substantial vacant space offers flexibility for various medical practices or related businesses. The property's address is 63 West Fordham Road, The Bronx, New York, 10468, with the APN 03213-0043. This is an ideal opportunity for medical professionals seeking a well-located, spacious, and easily adaptable facility in a high-demand area. The property's size and zoning allow for a variety of uses within the medical field. This is a rare chance to acquire a significant asset in a rapidly growing neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Total area 14,000 SF
Lot 3.3 ac (143,748 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing Store

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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