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2372 Hughes Ave
Bronx, NY 10458
Addeo & Sons Bakery · Retail Property For Sale
Investment Highlights
- Generational Ownership Opportunity | The former Addeo’s Bakery, a Belmont institution for decades, is being offered for sale for the first time
- Prime Belmont Retail Location | Steps from Arthur Avenue, the property benefits from exceptional pedestrian traffic generated by one of the Bronx’s pr
- Supply-Constrained Market | One of the Bronx’s most tightly held commercial corridors, where owner-users and investors compete for limited inventory
- Strong Transit and Anchor-Driven Foot Traffic | Minutes from the Fordham Metro-North station, the B/D trains at Fordham Road, and the Bx12 SBS corrido
- Delivered Vacant with Multiple Value-Creation Strategies | Owner-user opportunity, flagship retail location, or utilizing mixed-use footprint to maxim
Executive Summary
RIPCO Real Estate is pleased to offer for sale 2372 Hughes Avenue, a±4,600 SF two-story mixed-use corner building in the Belmont section of
the Bronx — the historic heart of the borough’s Little Italy. The propertycomprises a ±3,340 SF ground-floor commercial unit, long occupiedby Addeo’s Sons Bakery, a family-owned Italian bakery serving theneighborhood for over 80 years, and two residential apartments above.Situated on a ±4,371 SF lot at the corner of Hughes Avenue and East 186thStreet, the building sits one block from East 187th Street and steps fromArthur Avenue, a retail corridor lined with generations-old delis, bakeries,and cafes that drawstourists and shoppers from across the tri-state area.Delivered vacant, 2372 Hughes Avenue presents an ideal opportunity for anowner-user seeking a turnkey commercial space with income-producing apartments, or an investor pursuing a straightforward lease-up strategy in a supply-constrained, high-foot-traffic neighborhood. The R6/C1-4 zoning provides conversion potential, adding long-term development upside to an asset anchored by one of the Bronx’s most enduring commercial districts.
the Bronx — the historic heart of the borough’s Little Italy. The propertycomprises a ±3,340 SF ground-floor commercial unit, long occupiedby Addeo’s Sons Bakery, a family-owned Italian bakery serving theneighborhood for over 80 years, and two residential apartments above.Situated on a ±4,371 SF lot at the corner of Hughes Avenue and East 186thStreet, the building sits one block from East 187th Street and steps fromArthur Avenue, a retail corridor lined with generations-old delis, bakeries,and cafes that drawstourists and shoppers from across the tri-state area.Delivered vacant, 2372 Hughes Avenue presents an ideal opportunity for anowner-user seeking a turnkey commercial space with income-producing apartments, or an investor pursuing a straightforward lease-up strategy in a supply-constrained, high-foot-traffic neighborhood. The R6/C1-4 zoning provides conversion potential, adding long-term development upside to an asset anchored by one of the Bronx’s most enduring commercial districts.
Property Facts
Sale Type
Investment
Property Type
Building Size
4,600 SF
Year Built
1930
Price
$1,850,000
Price Per SF
$402.17
Percent Leased
100%
Building Height
2 Stories
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 03074-0015 | Improvements Assessment | $201,600 |
| Land Assessment | $68,850 | Total Assessment | $270,450 |
Property Taxes
Parcel Number
03074-0015
Land Assessment
$68,850
Improvements Assessment
$201,600
Total Assessment
$270,450
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