488 164th Stc Bronx, NY 10456-6620
This exceptional 3,000 square foot retail space is ideally situated in the vibrant Concourse Village neighborhood of the Bronx, New York, at 488 East 164th Street, zip code 10456. The property boasts a single-tenant occupancy and benefits from excellent visibility and accessibility. Its location between Washington Avenue and 3rd Avenue places it in close proximity to the Prospect Avenue subway station, providing convenient access to the 2 and 5 train lines. Furthermore, numerous bus lines, including the BX6-SBS, BX13, BX6, BX15, BX21, BX41, and BX41-SBS, serve the area, ensuring high pedestrian and vehicular traffic. The property enjoys a strong tenant base in its immediate vicinity, including well-known national and local businesses such as McDonald's, Aldi, Chipotle, Dunkin', and numerous other retail establishments and supermarkets. This prime location offers significant potential for a variety of retail businesses seeking a high-traffic, well-established commercial area within the Bronx. The property is categorized as retail, with a single-tenant occupancy, and is located in Bronx County, New York. This presents a unique opportunity for businesses looking to establish or expand their presence in a thriving community.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M11R72 · Bronx, NYBronx. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.