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2897 3rd Ave 3,900 SF 100% Leased Retail Building Bronx, NY 10455 For Sale
Executive Summary
• Value-Add Upside: Rent optimization, securing long-term leases, or partial conversion (if zoning permits) could significantly boost returns
• Classified under “Store-building” with zoning C4-4 —typically retail or mixed-use permitted -Current Use: Occupied by at least two commercial tenants (e.g. Boost Mobile, O Fresh)
• Located in the Bonx’s busy “Hub” at around 3rd Ave, the property offers strong retail exposure with heavy foot traffic and nearby subway and bus access
• Neighborhood Momentum: Melrose and the “Hub” area show revitalization, retail expansion, and rising foot traffic—adding support to long-term value. Presence of recognized chains (Boost Mobile, local eateries) indicates stable daytime demand. Diversifying tenant mix could further increase resilience.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$753,762
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$193.27
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Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $753,762 |
| Annual Per SF | $193.27 |
Property Facts
Amenities
- Bus Line
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Information
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Boost Mobile began as a prepaid wireless brand in the early 2000s and expanded into the United States through a joint venture with Nextel Communications. Boost Mobile now operates as a wireless telecommunications brand within EchoStar and offers mobile service, smartphones, and wireless broadband products. Current offerings center on no-contract plans, unlimited talk, text, and data, along with device deals, add-ons, account management tools, and customer support through digital and phone channels. Boost Mobile's history includes ownership changes across Nextel, Sprint, Dish Network, and EchoStar, while the business remains focused on nationwide mobile service and straightforward pricing.
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- Retailer
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Kids Foot Locker operates as a division of Foot Locker, specializing in youth athletic products. The concept originated in 1987 when Foot Locker identified a market opportunity for children's athletic footwear and apparel. The brand became known for carrying popular athletic labels tailored to younger customers. As a Foot Locker subsidiary, the division benefits from the parent company's extensive retail infrastructure while maintaining a distinct focus on kids' athletic merchandise. The stores feature interactive elements designed for family shopping experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Information | - | - | - | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 02374-0018 | Improvements Assessment | $2,656,366 CAD (2026) |
| Land Assessment | $432,331 CAD (2026) | Total Assessment | $3,088,698 CAD (2026) |
Property Taxes
Presented by
2897 3rd Ave
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