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Bank of America & Emblem Health 248-260 E Fordham Rd 18,600 SF 100% Leased Retail Building Bronx, NY 10458 $31,638,952 CAD ($1,701.02 CAD/SF) 5% Cap Rate
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
Storefront Retail/Office
Building Size
18,600 SF
Building Class
C
Year Built
1933
Price
$31,638,952 CAD
Price Per SF
$1,701.02 CAD
Cap Rate
5%
NOI
$1,581,967 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.03
Lot Size
0.21 AC
Zoning
C4-4 - commercial
Frontage
25’ on Fordham Rd
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03148-0017 | Improvements Assessment | $3,852,746 CAD |
| Land Assessment | $1,824,391 CAD | Total Assessment | $5,677,137 CAD |
PROPERTY TAXES
Parcel Number
03148-0017
Land Assessment
$1,824,391 CAD
Improvements Assessment
$3,852,746 CAD
Total Assessment
$5,677,137 CAD
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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