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Bank of America & Emblem Health 248-260 E Fordham Rd 18,600 sq ft 4% Let Retail Property Bronx, NY 10458 £16,953,365 (£911.47/sq ft) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Corporate Bank Of America – Early 10-Year Lease Extension Demonstrating Tenant Commitment To Location
- Emblem Health Is One Of The Largest Nonprofit Health Insurers In New York, Serving 3M+ Members
- Trophy Corner In A Transit-Rich, Pedestrian-Dominated Environment | Recession-Resilient, Needs-Based Retail Market
- Additional Income Stream – EmblemHealth Lease With Built-In Rental Increases
- Medical / Administrative Use Provides Category Diversification Beyond Retail Banking
- Located On The Premier Corner Of Fordham Road – #1 Retail Corridor In The Bronx
EXECUTIVE SUMMARY
Corporate Bank Of America – Early 10-Year Lease Extension Demonstrating Tenant Commitment To Location
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
18,600 sq ft
Costar Property Class
C
Year Built
1933
Price
£16,953,365
Price per sq ft
£911.47
Yield
5%
NOI
£847,679
Occupancy Rate
4%
Tenancy
Multiple
Number of Floors
2
Plot ratio
2.03
Total Plot Size
0.21 ac
Use Class
C4-4 - commercial
Frontage
25 ft on Fordham Rd
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
- A
- 4,400 sq ft
- Retail
- In-Line
- Now
- B
- 1,600 sq ft
- Retail
- In-Line
- Now
- A
- 4,200 sq ft
- Retail
- In-Line
- Now
- B
- 2,000 sq ft
- Retail
- In-Line
- Now
- 2nd Floor
- 5,700 sq ft
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| A | 4,400 sq ft | Retail | In-Line | Now |
| B | 1,600 sq ft | Retail | In-Line | Now |
| A | 4,200 sq ft | Retail | In-Line | Now |
| B | 2,000 sq ft | Retail | In-Line | Now |
| 2nd Floor | 5,700 sq ft | Retail | In-Line | Now |
A
| Size |
| 4,400 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 1,600 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
A
| Size |
| 4,200 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 2,000 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 5,700 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Excellent pedestrian access (98)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03148-0017 | Improvements Assessment | £2,080,932 |
| Land Assessment | £985,384 | Total Assessment | £3,066,316 |
PROPERTY TAXES
Parcel Number
03148-0017
Land Assessment
£985,384
Improvements Assessment
£2,080,932
Total Assessment
£3,066,316
CONTACTS
-
Deno Bistolarides -
Harry Tawil -
Brent Hanna -
Brandon Hanna -
Encore Real Estate Investment Services
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Bank of America & Emblem Health | 248-260 E Fordham Rd
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