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3861-3869 White Plains Rd 5,000 SF 100% Leased Retail Building Bronx, NY 10467 $3,149,000 ($629.80/SF) 7.30% Cap Rate
Investment Highlights
- six street-level retail units
- Value-add leasing opportunity
- Excellent long-term investment and redevelopment potential
- 7.3% In-Place Cap Rate
- National credit tenant with a recent long-term lease extension
- Approximately 7,734 SF of additional development rights
Executive Summary
Investment Highlights
Friedman-Roth Realty Services is pleased to exclusively offer 3861-3869 White Plains Road, a prime corner retail investment located in the Olinville section of the Bronx.
This one-story taxpayer consists of six street-level retail spaces situated on the highly trafficked southwest corner of White Plains Road and East 222nd Street. The property offers investors an attractive combination of immediate cash flow, value-add leasing opportunities, and long-term redevelopment potential.
Offered at a 7.3% capitalization rate, the asset features a strong mix of established neighborhood retail tenants, including a nationally recognized franchise with a recently executed long-term lease extension. Several below-market and vacant spaces provide investors with the opportunity to increase income through lease-up and market rent growth.
The property is zoned R6 / C2-4 and includes approximately 7,734 square feet of additional development rights, creating significant future upside for investors and developers alike.
Complete financial information, rent roll, leases, and offering memorandum are available upon execution of a confidentiality agreement.
Friedman-Roth Realty Services is pleased to exclusively offer 3861-3869 White Plains Road, a prime corner retail investment located in the Olinville section of the Bronx.
This one-story taxpayer consists of six street-level retail spaces situated on the highly trafficked southwest corner of White Plains Road and East 222nd Street. The property offers investors an attractive combination of immediate cash flow, value-add leasing opportunities, and long-term redevelopment potential.
Offered at a 7.3% capitalization rate, the asset features a strong mix of established neighborhood retail tenants, including a nationally recognized franchise with a recently executed long-term lease extension. Several below-market and vacant spaces provide investors with the opportunity to increase income through lease-up and market rent growth.
The property is zoned R6 / C2-4 and includes approximately 7,734 square feet of additional development rights, creating significant future upside for investors and developers alike.
Complete financial information, rent roll, leases, and offering memorandum are available upon execution of a confidentiality agreement.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1920/2011
Price
$3,149,000
Price Per SF
$629.80
Cap Rate
7.30%
NOI
$229,877
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.12 AC
Zoning
R6
Frontage
87’ on White Plains Rd
Amenities
- Bus Line
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04656-0039 | Improvements Assessment | $438,800 |
| Land Assessment | $111,600 | Total Assessment | $550,400 |
Property Taxes
Parcel Number
04656-0039
Land Assessment
$111,600
Improvements Assessment
$438,800
Total Assessment
$550,400
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