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7% Projected Cap Rate Rising Riverdale Rights 3765 Riverdale Ave 10,500 SF 87% Leased Office Building Bronx, NY 10463 $4,500,000 ($428.57/SF) 7.12% Cap Rate
Investment Highlights
- Rising Riverdale Returns!
- Rare highly desirable Riverdale NYC/Westchester medical corridor location accessible to millions of patients and clients.
Executive Summary
Prime Investment Opportunity!!
A two-story 10,500 square foot building consisting of 8 medical office suites, with 8,943 rentable square feet. 1,200 square feet can be rented or used by the owner. All units are gross leased. Possible development opportunity to build up to 33,792 square feet, with 22,000 square feet for residential use.
A two-story 10,500 square foot building consisting of 8 medical office suites, with 8,943 rentable square feet. 1,200 square feet can be rented or used by the owner. All units are gross leased. Possible development opportunity to build up to 33,792 square feet, with 22,000 square feet for residential use.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built/Renovated
1968/2021
Price
$4,500,000
Price Per SF
$428.57
Cap Rate
7.12%
NOI
$320,256
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,500 SF
Slab To Slab
10’
Building FAR
1.51
Lot Size
0.16 AC
Zoning
R6 - U used as of right development rights plus City of Yes bonus development expansion square footage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Ideal for medical or any other use.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1 | 715 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 1
| Size |
| 715 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 1
| Size | 715 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Ideal for medical or any other use.
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05796-0150 | Total Assessment | $979,120 (2026) |
| Land Assessment | $620,550 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $358,570 (2026) | Tax Year | 2027 |
Property Taxes
Parcel Number
05796-0150
Land Assessment
$620,550 (2026)
Improvements Assessment
$358,570 (2026)
Total Assessment
$979,120 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2027
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
7% Projected Cap Rate Rising Riverdale Rights | 3765 Riverdale Ave
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