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2897 3rd Ave 3,900 SF 100% Leased Retail Building Bronx, NY 10455 For Sale
EXECUTIVE SUMMARY
• Value-Add Upside: Rent optimization, securing long-term leases, or partial conversion (if zoning permits) could significantly boost returns
• Classified under “Store-building” with zoning C4-4 —typically retail or mixed-use permitted -Current Use: Occupied by at least two commercial tenants (e.g. Boost Mobile, O Fresh)
• Located in the Bonx’s busy “Hub” at around 3rd Ave, the property offers strong retail exposure with heavy foot traffic and nearby subway and bus access
• Neighborhood Momentum: Melrose and the “Hub” area show revitalization, retail expansion, and rising foot traffic—adding support to long-term value. Presence of recognized chains (Boost Mobile, local eateries) indicates stable daytime demand. Diversifying tenant mix could further increase resilience.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$544,417
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$139.59
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FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $544,417 |
| Annual Per SF | $139.59 |
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Information
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Boost Mobile differentiates itself by delivering on the promise of true nationwide 5G, built intentionally to support modern mobile experiences. Customers enjoy seamless video calling, effortless media sharing, and reliable GPS navigation. The brand’s messaging is playful and confident, emphasizing freedom and fun—“call their friends with their face,” “send pictures of their pets,” and “cruise into whichever sunset the GPS is set to.” Boost positions itself as a trustworthy and innovative carrier that delivers what others only promise, with a tone that reflects its bold and customer-first approach. Whatever makes the monkey dance, Boost makes it happen.
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- Retailer
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Kids Foot Locker, founded in 2001, is a specialty retail brand under Foot Locker, Inc., focusing on athletic footwear, apparel, and accessories for children. Headquartered in New York City, the brand operates hundreds of stores across the United States, Puerto Rico, and select international markets, as well as an e-commerce platform. Kids Foot Locker offers a wide range of products from leading athletic brands, catering to infants, toddlers, and youth. The stores are designed to create a family-friendly shopping experience, combining performance and lifestyle products. As part of Foot Locker, Inc., a publicly traded company listed on the New York Stock Exchange under the ticker FL, Kids Foot Locker benefits from the parent company’s global supply chain and brand partnerships. The brand continues to expand its digital presence and in-store experience to meet the evolving needs of young consumers and their families.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Information | - | - | - | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02374-0018 | Improvements Assessment | $2,000,880 (2025) |
| Land Assessment | $315,000 (2025) | Total Assessment | $2,315,880 (2025) |
PROPERTY TAXES
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2897 3rd Ave
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