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500 City Island Ave
Bronx, NY 10464
Lender Owned | REO Sale · Retail Property For Sale
Executive Summary
Lender Owned | REO Sale
500 City Island Avenue, Bronx, NY
HIGHLIGHTS
* High-visibility corner location – Exceptional 176’ of frontage on City Island Avenue and 92’ on Beach Street, ensuring maximum exposure on the island’s main commercial corridor
* Turnkey restaurant infrastructure – Currently vacant, having most recently operated as a Japanese restaurant; the space remains fully vented and outfitted with all kitchen & restaurant equipment, offering a seamless transition for food operators
* Multiple commercial possibilities – Ideal for a restaurant, café, retail store, event space, boutique shop, art gallery, or mixed-use redevelopment
* Size & site advantages – 6,796 SF building on a 16,625 SF lot featuring on-site private parking — a rare and valuable asset on City Island
* Thriving dining & retail scene – Positioned among renowned restaurants including City Island Lobster House, Sammy’s Shrimp Box, Artie’s Steak & Seafood, and The Black Whale, as well as boutique shops and art galleries
* Affluent, built-in customer base – 38% of City Island residents earn over $150,000 annually, with an average household income of $151,583 — among the highest in the Bronx
* Year-round destination traffic – Minutes from City Island Marina, multiple yacht clubs, and waterfront parks, drawing visitors from across NYC and Westchester
Asking: $1,750,000
500 City Island Avenue, Bronx, NY
HIGHLIGHTS
* High-visibility corner location – Exceptional 176’ of frontage on City Island Avenue and 92’ on Beach Street, ensuring maximum exposure on the island’s main commercial corridor
* Turnkey restaurant infrastructure – Currently vacant, having most recently operated as a Japanese restaurant; the space remains fully vented and outfitted with all kitchen & restaurant equipment, offering a seamless transition for food operators
* Multiple commercial possibilities – Ideal for a restaurant, café, retail store, event space, boutique shop, art gallery, or mixed-use redevelopment
* Size & site advantages – 6,796 SF building on a 16,625 SF lot featuring on-site private parking — a rare and valuable asset on City Island
* Thriving dining & retail scene – Positioned among renowned restaurants including City Island Lobster House, Sammy’s Shrimp Box, Artie’s Steak & Seafood, and The Black Whale, as well as boutique shops and art galleries
* Affluent, built-in customer base – 38% of City Island residents earn over $150,000 annually, with an average household income of $151,583 — among the highest in the Bronx
* Year-round destination traffic – Minutes from City Island Marina, multiple yacht clubs, and waterfront parks, drawing visitors from across NYC and Westchester
Asking: $1,750,000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,796 SF
Building Class
C
Year Built
1936
Price
$2,449,527 CAD
Price Per SF
$360.44 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.38 AC
Zoning
R3A - R3A/C2-2
Frontage
Property Taxes
| Parcel Number | 05635-0001 | Improvements Assessment | $607,618 CAD |
| Land Assessment | $412,902 CAD | Total Assessment | $1,020,520 CAD |
Property Taxes
Parcel Number
05635-0001
Land Assessment
$412,902 CAD
Improvements Assessment
$607,618 CAD
Total Assessment
$1,020,520 CAD
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