4417 3Rd AveThe Bronx, NY 10457

Property Details for 4417 3Rd Ave

Year built

1931

Lot size

0.06 AC

Property size (Sq ft)

6,000 SF

Zone code

C44D

Property type

Investment properties

Property subtype

Live-work space

APN

03048-0050

APU

30480050

Description

This exceptional 2,000 square foot retail space is ideally situated in the vibrant Belmont neighborhood of the Bronx, New York. Located on Third Avenue between East 181st and East 182nd Streets, this single-tenant property offers unparalleled accessibility. The property benefits from high foot traffic and proximity to the 182-183 Streets subway station (B & D trains), ensuring convenient access for customers and employees. Numerous bus lines also serve the area, including the BX15, BX40, BX42, BX41-SBS, BX41, and BX17. The location boasts a strong mix of established businesses, creating a thriving commercial environment. Nearby tenants include a diverse range of businesses, such as New Palace Paint And Supply, Salvation Army Community Center, Antojitos Elohim, 7-Eleven, Cachapa Cachapa, Frank's Sports Shop, Bravo Supermarkets, White Castle, Hawaii Lounge and Tapas Bar, McDonald's, Popeyes Louisiana Kitchen, Boost Mobile, Enzo's of Arthur Avenue, and Zero Otto Nove. This property presents a unique opportunity for a business seeking a high-visibility location in a densely populated and commercially active area of the Bronx. The property includes a backyard area, adding further value and potential for outdoor use. The property is categorized as retail space with a backyard, and is a single-tenant occupancy. The property is located in Bronx County, New York, with a zip code of 10457.

• CAP approach

  CAP return

  Valuation

  6%

  $991,979

  6.5%

  $915,673

  7%

  $850,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $783,960

  Geo Method

  $783,960

• Alternative Use

  Use

  Valuation

  Residential

  $1,135,435

  Hospitality

  $1,040,052

  Educational

  $865,311

  Medical

  $895,070

  Retail

  $1,346,040

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8519

Longitude

-73.8934

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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