1598 Bronxdale AveThe Bronx, NY 10462

Property Details for 1598 Bronxdale Ave

Year built

1941

Lot size

0.15 AC

Property size (Sq ft)

2,748 SF

Zone code

C8-1

Property type

Auto shops

APN

04058-0002

APU

40580002

Description

This exceptional investment opportunity presents a three-building retail complex located at 1598 Bronxdale Avenue in the Bronx, New York, 10462. The property boasts a total of 3,500 square feet of commercial space situated on a 6,640 square foot lot, offering significant potential for a variety of retail uses. The asking price is $2,250,000, translating to a price per square foot of $339 and a pro-forma cap rate of 9.65%. The buildings are all single-story structures, featuring ceiling heights ranging from 10 to 20 feet. The flexible layouts allow for multiple storefronts and the possibility of incorporating second-floor office space. The property benefits from over 263 feet of commercial frontage on Bronxdale Avenue, providing excellent visibility and accessibility. Ample parking is available with multiple curb cuts, accommodating over 10 vehicles. A fully operational gas pump is also included on the property. The property is zoned C8-1, offering a range of permitted uses. This is a rare opportunity to acquire a well-located, multi-building retail complex with significant upside potential in a thriving Bronx neighborhood. The combination of high visibility, ample parking, and flexible space makes this an ideal investment for both seasoned and emerging investors.

• CAP approach

  CAP return

  Valuation

  6%

  $667,860

  6.5%

  $616,486

  7%

  $572,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $904,815

  Geo Method

  $904,815

• Alternative Use

  Use

  Valuation

  Residential

  $520,029

  Hospitality

  $476,344

  Educational

  $396,312

  Medical

  $409,942

  Retail

  $616,486

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8436

Longitude

-73.8563

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].