601-607 E 187th St - Freestanding FOR SALE


Bronx, NY 10458- Belmont
$4,950,000 USD
212-468-5958
601-607 E 187th St, Bronx, NY for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/2
null | 6.2% Cap Rate

601-607 E 187th St
Bronx, NY 10458
Belmont


HIGHLIGHTS

  • 2 Story Walkup Building | 7,500 GSF | 4 Retail & 3 Office Units
  • NE Corner of Arthur Avenue
  • Tenants: Luna Cafe, Bravo Coffee, Beauty Supply, and Metro by T-Mobile
  • Prime Location in the Heart of Bronx's Little Italy
  • Close Proximity to Bronx Botanical Garden and Bronx Zoo

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$660 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R6

APN/PARCEL ID

03077-0001

ASK ABOUT THIS PROPERTY

Shallini MehraMeridian Investment SalesMore Info
212-468-5958

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Shallini MehraMeridian Investment SalesMore Info
212-468-5958

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