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3527-3537 Jerome Ave
Bronx, NY 10467
Retail Property For Sale
Investment Highlights
- Exceptional location at the high-traffic intersection of Jerome Avenue and West Gun Hill Road with approximately 200 feet of wraparound frontage.
- Situated immediately adjacent to the Mosholu Parkway subway station (4 Train), ensuring constant foot traffic and easy accessibility.
- A well-maintained 9,000 SF single-story building on a large 9,500 SF lot, originally built in 1926.
- Features 7 retail stores providing a diversified and immediate income stream in a densely populated Bronx neighborhood.
- Zoned R7-1/C1-3 with approximately 23,655 SF of unused air rights, offering a significant opportunity for future residential or mixed-use development.
Executive Summary
This prime corner investment property, located at the high-traffic intersection of 3527-3537 Jerome Avenue and 6-10 Gun Hill Road in the Bronx, features a well-maintained 9,000 SF single-story retail building on a substantial 9,500 SF lot. Built in 1926 and zoned R7-1/C1-3, the property currently houses seven retail stores, providing a diversified income stream and exceptional visibility with approximately 200 feet of wraparound frontage. Beyond its current high-volume retail use, the asset offers significant development potential with approximately 23,655 SF of unused air rights, making it an ideal candidate for future residential or mixed-use expansion.
Strategically situated immediately adjacent to the Mosholu Parkway subway station (4 Train), the location ensures a steady flow of foot traffic and ease of access for both commuters and local shoppers.
Strategically situated immediately adjacent to the Mosholu Parkway subway station (4 Train), the location ensures a steady flow of foot traffic and ease of access for both commuters and local shoppers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,000 SF
Building Class
C
Year Built
1926
Price
$9,482,600 CAD
Price Per SF
$1,053.62 CAD
Cap Rate
6.68%
NOI
$633,451 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.22 AC
Zoning
C1-3/R7-1 - R7-1, C1-3
Frontage
Amenities
- Bus Line
- Corner Lot
- Metro/Subway
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 03324-0135 | Improvements Assessment | $635,683 CAD |
| Land Assessment | $627,525 CAD | Total Assessment | $1,263,208 CAD |
Property Taxes
Parcel Number
03324-0135
Land Assessment
$627,525 CAD
Improvements Assessment
$635,683 CAD
Total Assessment
$1,263,208 CAD
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