6050 Riverdale Ave - Storefront Retail/Office FOR SALE


Bronx, NY 10471- North Riverdale
$3,884,000 USD
914-874-3434
6050 Riverdale Ave, Bronx, NY for Sale
$3,884,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 6.25% Cap Rate

6050 Riverdale Ave
Bronx, NY 10471
North Riverdale


OVERVIEW

The subject offering is a 4,500-square-foot newly renovated retail strip on the corner of Riverdale Avenue and 261st Street in the Riverdale section of the Bronx. The property consists of seven stores, and it is 100% occupied. All seven tenants have 3% annual increases. The property underwent a substantial renovation in 2021, including new electric and gas meters (and panels) for all seven stores, a new roof, and full façade repairs for four stores on 261st Street. In addition, every store here has its own basement. Ownership did all new concrete floors here in those basements. The property benefits from staggered leases and strong annual increases. An opportunity to acquire a corner multi-tenant retail property in Riverdale, one of the city's most highly desirable residential neighborhoods. The property sits directly across the street from the entrance to the College of Mount Saint Vincent, a private university with 1,800 students. The site is surrounded by thousands of housing units and a mix of local and national retailers.

FOR SALE DETAILS

PRICE

$3,884,000 USD

PRICE/SF

$863 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R4/C1-2

APN/PARCEL ID

05880-0703

ASK ABOUT THIS PROPERTY

Corey HorowitzAGW PartnersMore Info
914-874-3434

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Corey HorowitzAGW PartnersMore Info
914-874-3434

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