3015 3Rd AveThe Bronx, NY 10455

  • Retail residential properties
  • 9,830 SF

Property Details for 3015 3Rd Ave

Year built
1927
Lot size
0.16 AC
Property size (Sq ft)
9,830 SF
Zone code
C4-4
Property type
Retail residential properties
APN
02376-0047
APU
23760047

Description

This exceptional retail property, located at 3015 Third Avenue in the Bronx, New York (zip code 10455), offers a total of 2,800 square feet of commercial space currently available for lease. The property is categorized as a multi-tenant retail building, presenting a unique opportunity for businesses seeking a prominent location in a vibrant Bronx neighborhood. The entire building is vacant, providing a blank canvas for prospective tenants to customize the space to their specific needs. Each of the two available units comprises 1,400 square feet, offering flexibility for a variety of retail concepts. The property's address is strategically situated at 3015 Third Avenue, providing excellent visibility and accessibility for customers. This location within Bronx County, New York, benefits from strong foot traffic and proximity to various amenities. The property's size and layout make it ideal for a range of retail businesses, from smaller boutiques to larger-scale operations. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers. The property is ready for immediate occupancy. This is a rare opportunity to secure a substantial retail presence in a desirable Bronx location. The building's total square footage is 2,800 square feet, with 2,800 square feet currently vacant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,015,239
    6.5%
    $1,860,220
    7%
    $1,727,348
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,990,801
    Geo Method
    $1,990,801
  • Alternative Use

    Use
    Valuation
    Residential
    $1,860,220
    Hospitality
    $1,703,952
    Educational
    $1,417,668
    Medical
    $1,466,424
    Retail
    $2,205,261

Location Insight

City
Bronx
County
Bronx
State
New York
Latitude
40.8195
Longitude
-73.914
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,682
$5,032
$176,396
$181,428
-
$35,000
$1,227,000
$1,262,000

FAQs

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