256 138Th StThe Bronx, NY 10451

Property Details for 256 138Th St

Year built

1931

Lot size

0.05 AC

Property size (Sq ft)

7,120 SF

Zone code

M14R7X

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

02320-0072

APU

23200072

Description

This exceptional retail opportunity is located at 256 East 138th Street in the Mott Haven submarket of the Bronx, New York (10451). The property, built in 1931, offers 4,500 square feet of space across three stories, with a minimum divisible unit of 2,000 square feet and a maximum contiguous space of 2,500 square feet. Currently, all 4,500 square feet are vacant and available for immediate occupancy. The building features a "white box" interior, allowing for complete customization to suit tenant needs. Situated on a 0.5-acre lot (2,391 square feet), the property boasts a 5 FAR and benefits from high foot traffic due to its proximity to public transportation and residential developments. The building is zoned M1-4/R7X and enjoys a strong commercial mix with established retailers and services nearby. The high residential density and proximity to offices ensure consistent commuter traffic. The building includes an elevator. Cross streets are Third Avenue & Rider Avenue. This location offers a unique blend of old and new, appealing to a diverse demographic. The property presents a rare chance to establish a business in a thriving and rapidly developing neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,459,664

  6.5%

  $1,347,382

  7%

  $1,251,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,441,964

  Geo Method

  $1,441,964

• Alternative Use

  Use

  Valuation

  Residential

  $1,347,382

  Hospitality

  $1,234,195

  Educational

  $1,026,836

  Medical

  $1,062,150

  Retail

  $1,597,300

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8112

Longitude

-73.9279

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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