1401-1413 Bronx River Ave - Storefront FOR SALE


Bronx, NY 10472- Parkchester
$3,250,000 USD
212-235-2764
1401-1413 Bronx River Ave, Bronx, NY for Sale
$3,250,000 USD
Storefront - FOR SALE
1/2
null | 6.39% Cap Rate

1401-1413 Bronx River Ave
Bronx, NY 10472
Parkchester


HIGHLIGHTS

  • Subdivided to include just the retail building.
  • Fully occupied.

OVERVIEW

SP Capital is pleased to present the exclusive offering of 1401 Bronx River Avenue, a fully occupied 6,260 SF single-story retail corner building located in the Park Versailles – Bronx River section of the Bronx. The property consists of 7 well-established retail tenants, all of whom reimburse for taxes and pay utilities, contributing to a stable and predictable income stream. This investment offers strong in-place cash flow, a 6.39% CAP rate, and the benefit of future upside as the Certificate of Occupancy (CO) is expected by the end of 2025. The asset is ideally located on the corner of Bronx River Ave and E 174th St—surrounded by dense residential neighborhoods, local amenities, and excellent public transit access, including the 2, 5, and 6 subway lines. Recent capital improvements include newly replaced sidewalks, and the building is part of a subdivision where taxes may decrease upon CO issuance. This is a rare opportunity to own a stabilized retail asset in a prime Bronx location. Investment Highlights 6,260 SF Retail Building on a 6,426 SF Corner Lot 7 Fully Leased Retail Units – All Pay Taxes & Utilities NOI: $207,629 | CAP Rate: 6.39% Price Per SF: $519 Recently Replaced Sidewalks | No Tenants in Arrears CO Expected by Year-End 2025 Dense Residential Surroundings | Strong Local Retail Corridor Located Near the 2, 5, and 6 Subway Lines Asking Price: $3,250,000

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$519 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bronx River Ave Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R7-1

APN/PARCEL ID

03861-0120

ASK ABOUT THIS PROPERTY

Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

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Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.