271 Fordham Rd, Unit 285 Bronx, NY 10458-5011

Property Details for 271 Fordham Rd

Year built

1928

Lot size

0.15 lot acres

Property size

16,056 SF

Zone code

C4-4

Property type

Investment properties

Property subtype

Retail residential properties

APN

03154-0102

APU

31540102

Description

This exceptional two-story retail building, totaling 16,056 square feet, is situated on a 6,492 square foot corner lot in the Bronx, NY (zip code 10458). Currently leased to a Gap Factory store until January 31, 2030, with an annual rent of $1,350,000, the property boasts a strong net operating income (NOI) of $1,024,980. The tenant is responsible for property insurance, utilities, and 100% of tax increases beyond the 24/25 base year. The C4-4 (R7-2 equivalent) zoning permits over 42,000 square feet of mixed-use development potential, offering significant long-term upside. Upon lease expiration, the property could be repositioned to incorporate 35-50 apartments, leveraging available air rights. This prime location benefits from high visibility, proximity to Fordham University, Lehman College, and Bronx Community College, and is surrounded by numerous national retailers, including Target, Marshalls, and others, ensuring substantial foot traffic. Convenient access to the B, D, and 4 subway lines further enhances its appeal. The asking price for this turnkey asset is $25,000,000.

Location Insight

City

Bronx

County

Bronx

State

New York

Longitude

-73.895

Latitude

40.8624

CBSA code

35620

CBSA name

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

Property Tax & Assessments