1598 Bronxdale Ave The Bronx, NY 10462

Property Details for 1598 Bronxdale Ave

Year built

1941

Lot size

0.15 lot acres

Property size

2,748 SF

Zone code

C8-1

Property type

Auto shops

APN

04058-0002

APU

40580002

Description

This exceptional investment opportunity presents a three-building retail complex located at 1598 Bronxdale Avenue in the Bronx, New York, 10462. The property boasts a total of 3,500 square feet of commercial space situated on a 6,640 square foot lot, offering significant potential for a variety of retail uses. The asking price is $2,250,000, translating to a price per square foot of $339 and a pro-forma cap rate of 9.65%. The buildings are all single-story structures, featuring ceiling heights ranging from 10 to 20 feet. The flexible layouts allow for multiple storefronts and the possibility of incorporating second-floor office space. The property benefits from over 263 feet of commercial frontage on Bronxdale Avenue, providing excellent visibility and accessibility. Ample parking is available with multiple curb cuts, accommodating over 10 vehicles. A fully operational gas pump is also included on the property. The property is zoned C8-1, offering a range of permitted uses. This is a rare opportunity to acquire a well-located, multi-building retail complex with significant upside potential in a thriving Bronx neighborhood. The combination of high visibility, ample parking, and flexible space makes this an ideal investment for both seasoned and emerging investors.

Location Insight

City

Bronx

County

Bronx

State

New York

Longitude

-73.8563

Latitude

40.8436

CBSA code

35620

CBSA name

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

Property Tax & Assessments