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788 E Tremont Ave 7,550 SF 60% Leased Retail Building Bronx, NY 10460 $2,826,273 CAD ($374.34 CAD/SF) 6% Cap Rate
Investment Highlights
- Robust 6.0% Cap Rate on in place stabilized retail income
- Located in a dense Bronx submarket with heavy foot traffic and public transit access.
- Ideal for a professional firm seeking a flagship location with rental income.
- Significant path to NOI expansion through upper floor lease up.
- Exceptional visibility along the high-traffic East Tremont Ave corridor.
Executive Summary
The property’s ground-floor retail is fully occupied, providing a reliable foundation of $176,818 in gross annual income. After accounting for $53,789 in operating expenses, the asset generates a current Net Operating Income (NOI) of $123,029. At the competitive asking price of $2,050,000, the building currently delivers a robust 6% capitalization rate on existing performance alone.
The primary value-add component lies in the current vacancy of the second and third floors. These levels offer an incoming owner the flexibility to capitalize on the area's increasing demand for professional office space. By activating these vacant floors, the next owner can significantly increase the gross rent roll.
The primary value-add component lies in the current vacancy of the second and third floors. These levels offer an incoming owner the flexibility to capitalize on the area's increasing demand for professional office space. By activating these vacant floors, the next owner can significantly increase the gross rent roll.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,550 SF
Building Class
C
Year Built
1924
Price
$2,826,273 CAD
Price Per SF
$374.34 CAD
Cap Rate
6%
NOI
$169,616 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.89
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-4A - C4-4A / R7A equivalent
Frontage
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
800 SF Backyard Boutique office space with private outdoor access. Ideal users include professional services, therapy, tutoring, small medical practices, or nonprofit organizations.
Suitable for office, educational, nonprofit, etc
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 1,000 SF | Retail | - | Now |
| 3rd Floor | 2,000 SF | Retail | - | Now |
2nd Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
800 SF Backyard Boutique office space with private outdoor access. Ideal users include professional services, therapy, tutoring, small medical practices, or nonprofit organizations.
3rd Floor
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Suitable for office, educational, nonprofit, etc
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02956-0016 | Total Assessment | $269,502 CAD |
| Land Assessment | $93,060 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $176,442 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
02956-0016
Land Assessment
$93,060 CAD
Improvements Assessment
$176,442 CAD
Total Assessment
$269,502 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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788 E Tremont Ave
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