1872 Tremont AveThe Bronx, NY 10460

Property Details for 1872 Tremont Ave

Year built

1929

Lot size

0.26 AC

Property size (Sq ft)

22,787 SF

Zone code

C8-1

Property type

Retail residential properties

APN

03927-0008

APU

39270008

Description

This exceptional restaurant space, located at 1872 E Tremont Ave, The Bronx, NY 10460, offers a fantastic opportunity for a thriving food business. Situated on a busy corner at the intersection of E Tremont Ave and White Plains Road in Bronx County, this 4,200 square foot space is part of a larger 26,000 square foot building. The property boasts an incredibly wide frontage, ensuring high visibility and exposure to thousands of vehicles daily. This is a second-generation restaurant space, meaning much of the necessary restaurant infrastructure is already in place, potentially saving significant time and money on build-out. The multiple tenancy nature of the building suggests a vibrant and active environment. The address is easily accessible and benefits from high traffic volume, making it an ideal location to attract a large customer base. This prime location in the Bronx presents a unique chance to establish or expand a successful restaurant operation. The substantial square footage allows for ample seating, kitchen space, and potential for expansion. Don't miss this chance to secure a highly visible and well-situated restaurant space in a bustling Bronx neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $4,295,200

  6.5%

  $3,964,800

  7%

  $3,681,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,036,900

  Geo Method

  $3,036,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,759,420

  Retail / Commercial

  $3,978,990

  Hospitality / Lodging

  $2,908,850

  Office

  $3,941,250

  Institutional / Educational

  $4,121,800

  Residential Income

  $4,822,500

  Multifamily

  $5,783,850

  Automotive / Energy

  $3,532,970

  Parking / Income-Based Land

  $1,219,180

  Restaurant / Food Service

  $2,062,130

  Healthcare / Senior Housing

  $4,065,830

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8407

Longitude

-73.8647

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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