2929 3 Ave TheThe Bronx, NY 10455

Property Details for 2929 3 Ave The

Year built

1931

Lot size

0.13 AC

Property size (Sq ft)

27,730 SF

Zone code

C4-4

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

02374-0048

APU

23740048

Description

This exceptional commercial property at 2929 3rd Avenue, near the bustling intersection of 152nd Street in the Bronx, offers a unique opportunity for businesses seeking versatile space. The building, zoned C4-4, encompasses a total of 27,370 square feet and features two suites. Currently, 7,800 square feet of space is immediately available, divisible into units as small as 3,300 square feet, with a maximum contiguous space of 7,800 square feet. Ideal for retail, office, or restaurant uses, including medical practices, this property is perfectly situated to capitalize on high foot traffic and strong local demographics. The building includes elevators for convenient access to all levels. This location provides easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The property is suitable for build-to-suit options for qualified retail credit tenants. This is a rare opportunity to secure a prominent location in a thriving Bronx neighborhood. The address is 2929 3rd Ave, Bronx, NY 10455, in Bronx County. Don't miss this chance to establish your business in this dynamic area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,684,900

  6.5%

  $5,247,600

  7%

  $4,872,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,615,963

  Geo Method

  $5,615,963

• Alternative Use

  Use

  Valuation

  Residential

  $5,247,600

  Hospitality

  $4,806,774

  Educational

  $3,999,180

  Medical

  $4,136,718

  Retail

  $6,220,946

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8177

Longitude

-73.9159

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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