3535-3539 Riverdale Ave
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3535-3539 Riverdale Ave
2,450 SF 100% Leased Retail Building Bronx, NY 10463 £1,000,500 (£408/SF) 5.92% Net Initial Yield
Investment Highlights
- Lease Terms & Site Commitment
- Strategic Location
- Exceptional Demographics
- Attractive Rent Increases
- Transit Oriented Location
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 3535-3539 Riverdale Avenue in the Riverdale neighborhood of the Bronx, New York (the “Property”). The Property consists of a fully occupied, three-tenant retail storefront with 2,450 square feet of space on a 0.07-acre parcel. 3535-3539 Riverdale Avenue is situated in an incredible urban-infill location on the primary commercial roadway in the Riverdale neighborhood of the Bronx. The Property is next to the signalized intersection of Riverdale Avenue and West 236th Street and benefits from prominent visibility and frontage on Riverdale Avenue. The immediate area offers an eclectic mix of local businesses and services, surrounded by densely populated residential areas that provide a robust consumer base. Public transportation is conveniently available with a bus stop directly in front of the Property and subway service just half a mile away at the 238th Street Station. An extensive array of shopping opportunities and attractions are available half a mile from the Property on Broadway in the Kingsbridge neighborhood, punctuated by Riverdale Crossing, a premiere shopping center anchored by BJ’s Wholesale Club. The Broadway trade corridor features several grocery stores, major national retailers, and numerous entertainment and service amenities
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,450 SF
Building Class
C
Year Built
1949
Price
£1,000,500
Price Per SF
£408
Net Initial Yield
5.92%
NOI
£59,265
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.81
Lot Size
0.07 AC
Amenities
- Bus Route
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (87)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 05791-0406 | Improvements Assessment | £93,559 |
Land Assessment | £62,397 | Total Assessment | £155,956 |
PROPERTY TAXES
Parcel Number
05791-0406
Land Assessment
£62,397
Improvements Assessment
£93,559
Total Assessment
£155,956
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3535-3539 Riverdale Ave
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