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INVESTMENT HIGHLIGHTS
- New elevator installed servicing all 4 floors
- Fully gut renovated Second & Third floors, new HVAC systems, and bathrooms
- Ground and Cellar level are leased to a long-term retail tenant
- Over 16 FT ceilings on all 4 floors
EXECUTIVE SUMMARY
Located in the New York City borough of the Bronx, Melrose is a residential area to the north of Mott Haven and west of Longwood, and is recognized as part of the South Bronx. It is a rectangular neighborhood, with Third Avenue forming the eastern border, 149th Street to the south, Park Avenue to the west, and 161st Street to the north. Melrose Avenue and Third Avenue are the primary thoroughfares running through the area. The Hub-Third Avenue Business Improvement District is a well-known local shopping district situated at the point where five major roads meet, such as East 149th Street, Westchester, Willis, Melrose, and Third Avenues. This retail area is second in size to Fordham Road. The property is located near a retail corridor, near mass transportation, schools and across the street of the new Boricua College in a high-density area. The property is steps away from the new Boricua Village over 700 rental units, Saint Ann’s Apartments over 660 rental units, La Central: South Bronx’s newest rental community consisting of 992 rental units, and a 50,000 SF state-of-the-art YMCA
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
21,219 SF
Building Class
C
Year Built
1931
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,305 SF
Building FAR
3.25
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C4-4,Bronx (K9) - General Commercial
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 3rd Floor
- 4,959 SF
- Office
- Partial Build-Out
- Jan 2026
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 4,760 SF | Office | Partial Build-Out | Jan 2026 |
| 3rd Floor | 4,959 SF | Office | Partial Build-Out | Jan 2026 |
2nd Floor
| Size |
| 4,760 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Jan 2026 |
3rd Floor
| Size |
| 4,959 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Jan 2026 |
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 4,760 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Jan 2026 |
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 02620-0009 | Improvements Assessment | $323,280 |
| Land Assessment | $176,850 | Total Assessment | $500,130 |
PROPERTY TAXES
Parcel Number
02620-0009
Land Assessment
$176,850
Improvements Assessment
$323,280
Total Assessment
$500,130
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
3208 3rd Ave
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