4000-4026 Boston Rd - Storefront FOR SALE


Bronx, NY 10475- Eastchester
$32,000,000 USD
917-539-0402
4000-4026 Boston Rd, Bronx, NY for Sale
$32,000,000 USD
Storefront - FOR SALE
1/11
null | 6.1% Cap Rate

4000-4026 Boston Rd
Bronx, NY 10475
Eastchester


HIGHLIGHTS

  • Exceptionally Rare Opportunity to Acquire a Generational Retail Asset in New York City
  • 77,858 SF, 100% Occupied Shopping Center Comprising 16 Stores on a 4.31 Acre Site in the Bronx
  • Located In A Densely Populated Area With Over 79,000 Residents Within A One-Mile Radius
  • Premier Location On Boston Road, Eastchester’s Most Heavily Traveled Thoroughfare

OVERVIEW

Marcus & Millichap is pleased to present Shopwell Plaza, a 77,858-square-foot, 100% leased retail center located along highly trafficked Boston Road in the Bronx, NY. The property comprises 16 stores on a 4.31-acre parcel and represents an exceptionally rare opportunity to acquire a grocery-anchored shopping center in New York City with dedicated on-site parking for 170 vehicles. National brands including AutoZone and DaVita lend strength to the tenant mix, while long-term anchor S&Y Grace Caribbean Supermarket—on site for 27 years—recently expanded its footprint and extended its lease through 2040. Shopwell Plaza benefits from exceptional population density and high foot traffic. Over 79,000 residents live within a one-mile radius of the property, and the center recorded more than 900,000 visits last year, according to Placer Labs. This places it in the top 18% of all shopping centers nationwide for foot traffic, and within the top 20% statewide in New York—a strong indicator of the center’s consistent consumer draw and regional significance. The property is situated on a 187,750-square-foot lot and zoned R4/C1-2, offering additional long-term flexibility. With a Floor Area Ratio (FAR) of 0.75, the site permits up to 140,812 buildable square feet. The zoning and lot size support both stable cash flow and potential future development or repositioning strategies.

FOR SALE DETAILS

PRICE

$32,000,000 USD

PRICE/SF

$421 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shopwell Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,191 SF

ZONING

R4

APN/PARCEL ID

05263-0059

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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