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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3208 3Rd Ave Bronx, NY 10451

4,760 SF Built 1931
Property ID
Property summary
AI-generated overview

This fully renovated, three-story mixed-use building at 3208 Third Avenue in the Bronx, New York (zip code 10451), offers a unique investment opportunity. The 21,620 square foot building, constructed in 1931 and completely renovated in 2024, features a blend of office and retail space. The property sits on a 6,550 square foot lot and is zoned C4-4. The building boasts a magnificent new 15-foot-wide staircase connecting the ground and cellar levels, creating an expansive 11,900 square foot open retail space currently leased with a 90-day cancellation option. A new elevator services all three floors, each featuring over 16-foot ceilings. The second and third floors, ideal for creative office space, have undergone a complete gut renovation, including new HVAC systems and bathrooms. The building's prime location on a busy Bronx corridor places it near major transportation, schools, and numerous amenities. Nearby developments include Boricua College, Boricua Village (700+ units), Saint Ann's Apartments (660+ units), and La Central (992 units), as well as a new YMCA. The area also features a high density of retail establishments, including Foot Locker, ALDI, Five Below, and many others. This property presents a compelling value-add investment opportunity in a thriving commercial corridor. The building is currently vacant except for the ground and cellar level retail tenant. The sale is a For Sale By Owner transaction.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1931
Total area 4,760 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
Current use
Occupant on record · Public records
  • Mr Discount Department Store Department Store
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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