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3682 White Plains Rd 2,156 SF 100% Leased Retail Building Bronx, NY 10467 $752,814 ($349.17/SF) 7.53% Cap Rate
Executive Summary
The Corcoran Group is pleased to present 3682 White Plains Road, a fully occupied, two-unit commercial retail strip in the Williamsbridge neighborhood of the Bronx. The property features two long-term retail tenants — Elegant Hair Studio and Nail Salon by Lilly — both operating under multi-year leases with scheduled rent escalations. The building generates stable, predictable income with tenants responsible for their own utilities, creating an attractive, low-management investment profile.
Both tenants provide water and real estate tax reimbursements, further insulating the owner from operating cost exposure. With an asking price of $752,814, a net operating income of approximately $56,693, and an in-place cap rate of approximately 7.5%, 3682 White Plains Road represents a compelling opportunity for investors seeking stabilized retail income in a high-foot-traffic corridor along one of the Bronx’s most active commercial avenues.
Both tenants provide water and real estate tax reimbursements, further insulating the owner from operating cost exposure. With an asking price of $752,814, a net operating income of approximately $56,693, and an in-place cap rate of approximately 7.5%, 3682 White Plains Road represents a compelling opportunity for investors seeking stabilized retail income in a high-foot-traffic corridor along one of the Bronx’s most active commercial avenues.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,156 SF
Building Class
B
Year Built
1990
Price
$752,814
Price Per SF
$349.17
Cap Rate
7.53%
NOI
$56,693
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.89
Lot Size
0.06 AC
Zoning
R6, Bronx, (K1)
Frontage
30’ on White Plains Rd
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04663-0012 | Improvements Assessment | $79,110 |
| Land Assessment | $45,000 | Total Assessment | $124,110 |
Property Taxes
Parcel Number
04663-0012
Land Assessment
$45,000
Improvements Assessment
$79,110
Total Assessment
$124,110
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