1872 Tremont AveThe Bronx, NY 10460

Property Details for 1872 Tremont Ave

Year built

1929

Lot size

0.26 AC

Property size (Sq ft)

22,787 SF

Zone code

C8-1

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

03927-0008

APU

39270008

Description

This exceptional restaurant space, located at 1872 E Tremont Ave, The Bronx, NY 10460, offers a fantastic opportunity for a thriving food business. Situated on a busy corner at the intersection of E Tremont Ave and White Plains Road in Bronx County, this 4,200 square foot space is part of a larger 26,000 square foot building. The property boasts an incredibly wide frontage, ensuring high visibility and exposure to thousands of vehicles daily. This is a second-generation restaurant space, meaning much of the necessary restaurant infrastructure is already in place, potentially saving significant time and money on build-out. The multiple tenancy nature of the building suggests a vibrant and active environment. The address is easily accessible and benefits from high traffic volume, making it an ideal location to attract a large customer base. This prime location in the Bronx presents a unique chance to establish or expand a successful restaurant operation. The substantial square footage allows for ample seating, kitchen space, and potential for expansion. Don't miss this chance to secure a highly visible and well-situated restaurant space in a bustling Bronx neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $4,671,541

  6.5%

  $4,312,192

  7%

  $4,004,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,614,892

  Geo Method

  $4,614,892

• Alternative Use

  Use

  Valuation

  Residential

  $4,312,192

  Hospitality

  $3,949,944

  Educational

  $3,286,307

  Medical

  $3,399,328

  Retail

  $5,112,034

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8407

Longitude

-73.8647

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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