696 Fordham RdThe Bronx, NY 10458

Property Details for 696 Fordham Rd

Year built

1926

Lot size

1.20 AC

Property size (Sq ft)

56,500 SF

Zone code

C45D

Property type

Office properties

Property subtype

Office buildings

APN

03091-0073

APU

30910073

Description

This exceptional 40,000-square-foot, two-story office building in the East Bronx presents a unique investment opportunity. Currently vacant, the Class B property offers versatile space suitable for traditional office, medical office, or creative office uses. The building boasts 100 parking spaces and an elevator, catering to the needs of a large workforce. Its prime location in Bronx County, within Community School District 10, offers high visibility and excellent accessibility. Situated just one block from Fordham University and the Bronx Zoo, the building benefits from significant foot traffic and proximity to public transportation, including the BX9, BX12, BX17, and BX22 bus lines, and walking distance to the Fordham Road Metro North Station. The property's significant potential extends beyond its current footprint

• CAP approach

  CAP return

  Valuation

  6%

  $9,341,138

  6.5%

  $8,622,589

  7%

  $8,006,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,382,290

  Geo Method

  $7,382,290

• Alternative Use

  Use

  Valuation

  Residential

  $10,692,010

  Hospitality

  $9,793,824

  Educational

  $8,148,346

  Medical

  $8,428,580

  Retail

  $12,675,205

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8571

Longitude

-73.8825

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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