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Bank of America & Emblem Health 248-260 E Fordham Rd 18,600 SF 4% Leased Retail Building Bronx, NY 10458 $22,762,000 ($1,223.76/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Bank Of America – Early 10-Year Lease Extension Demonstrating Tenant Commitment To Location
- Emblem Health Is One Of The Largest Nonprofit Health Insurers In New York, Serving 3M+ Members
- Trophy Corner In A Transit-Rich, Pedestrian-Dominated Environment | Recession-Resilient, Needs-Based Retail Market
- Additional Income Stream – EmblemHealth Lease With Built-In Rental Increases
- Medical / Administrative Use Provides Category Diversification Beyond Retail Banking
- Located On The Premier Corner Of Fordham Road – #1 Retail Corridor In The Bronx
EXECUTIVE SUMMARY
Corporate Bank Of America – Early 10-Year Lease Extension Demonstrating Tenant Commitment To Location
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,600 SF
Building Class
C
Year Built
1933
Price
$22,762,000
Price Per SF
$1,223.76
Cap Rate
5%
NOI
$1,138,114
Percent Leased
4%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.03
Lot Size
0.21 AC
Zoning
C4-4 - commercial
Frontage
25’ on Fordham Rd
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- A
- 4,400 SF
- Retail
- In-Line
- Now
- B
- 1,600 SF
- Retail
- In-Line
- Now
- A
- 4,200 SF
- Retail
- In-Line
- Now
- B
- 2,000 SF
- Retail
- In-Line
- Now
- 2nd Floor
- 5,700 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| A | 4,400 SF | Retail | In-Line | Now |
| B | 1,600 SF | Retail | In-Line | Now |
| A | 4,200 SF | Retail | In-Line | Now |
| B | 2,000 SF | Retail | In-Line | Now |
| 2nd Floor | 5,700 SF | Retail | In-Line | Now |
A
| Size |
| 4,400 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
A
| Size |
| 4,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 5,700 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03148-0017 | Improvements Assessment | $2,793,910 |
| Land Assessment | $1,323,000 | Total Assessment | $4,116,910 |
PROPERTY TAXES
Parcel Number
03148-0017
Land Assessment
$1,323,000
Improvements Assessment
$2,793,910
Total Assessment
$4,116,910
CONTACTS
-
Deno Bistolarides -
Harry Tawil -
Brent Hanna -
Brandon Hanna -
Encore Real Estate Investment Services
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Bank of America & Emblem Health | 248-260 E Fordham Rd
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