Log In/Sign Up
Your email has been sent.
601-607 E 187th St 7,500 SF 100% Leased Retail Building Bronx, NY 10458 $6,254,955 CAD ($833.99 CAD/SF) 6.82% Cap Rate
Investment Highlights
- 2 Story Walkup Building | 7,500 GSF | 4 Retail & 3 Office Units
- Tenants: Luna Cafe, Bravo Coffee, Beauty Supply, and Metro by T-Mobile
- Close Proximity to Bronx Botanical Garden and Bronx Zoo
- NE Corner of Arthur Avenue
- Prime Location in the Heart of Bronx's Little Italy
Executive Summary
Built in 1930, 601 East 187th Street (AKA 2398 Arthur Avenue) is a 2-story walkup commercial building that has 7,500 SF and includes 4 retail units and 3 office units. The Property is located on the NE corner of East 187th Street and Arthur Avenue, in Belmont , a vibrant neighborhood renowned for its strong Italian-American community and rich cultural heritage. Known as "Little Italy" of The Bronx, it is famous for its authentic Italian cuisine, bustling Arthur Avenue markets, and annual street festivals like Ferragosto.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,500 SF
Building Class
C
Year Built
1930
Price
$6,254,955 CAD
Price Per SF
$833.99 CAD
Cap Rate
6.82%
NOI
$426,588 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
R6 - R6 is a medium-density residential zoning district.
Frontage
Amenities
- Signalized Intersection
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03077-0001 | Improvements Assessment | $796,552 CAD |
| Land Assessment | $152,919 CAD | Total Assessment | $949,471 CAD |
Property Taxes
Parcel Number
03077-0001
Land Assessment
$152,919 CAD
Improvements Assessment
$796,552 CAD
Total Assessment
$949,471 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
601-607 E 187th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.