Strong Occupancy: Comprised of 5 total units with 4 currently occupied. This asset provides a stable, in-place cash flow on day one, while offering immediate upside potential to drive additional revenue by leasing the final vacant storefront.
Superb Retail Corridor Location: Situated on a high-foot-traffic block with an impressive 83 feet of frontage along 3rd Avenue. The property benefits from the massive consumer draw of nearby major national retailers, including Aldi, Burlington, and Marshalls.
Significant Development Potential: The property boasts a total buildable square footage of 21,848, which includes 10,548 SF of available air rights, presenting a substantial opportunity for future expansion or vertical development.
Excellent Accessibility: Exceptionally well connected for commuters and local shoppers. The property is positioned immediately adjacent to the Bx15 and Bx21 bus stops, and is just a short walk to the 2 and 5 subway trains at the 3rd Avenue–149th Street station.