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601-607 E 187th St
Bronx, NY 10458
Retail Property For Sale
Investment Highlights
- 2 Story Walkup Building | 7,500 GSF | 4 Retail & 3 Office Units
- Tenants: Luna Cafe, Bravo Coffee, Beauty Supply, and Metro by T-Mobile
- Close Proximity to Bronx Botanical Garden and Bronx Zoo
- NE Corner of Arthur Avenue
- Prime Location in the Heart of Bronx's Little Italy
Executive Summary
Built in 1930, 601 East 187th Street (AKA 2398 Arthur Avenue) is a 2-story walkup commercial building that has 7,500 SF and includes 4 retail units and 3 office units. The Property is located on the NE corner of East 187th Street and Arthur Avenue, in Belmont , a vibrant neighborhood renowned for its strong Italian-American community and rich cultural heritage. Known as "Little Italy" of The Bronx, it is famous for its authentic Italian cuisine, bustling Arthur Avenue markets, and annual street festivals like Ferragosto.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,500 SF
Building Class
C
Year Built
1930
Price
$4,950,000
Price Per SF
$660
Cap Rate
6.20%
NOI
$306,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
R6 - R6 is a medium-density residential zoning district.
Frontage
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 03077-0001 | Improvements Assessment | $574,290 |
| Land Assessment | $110,250 | Total Assessment | $684,540 |
Property Taxes
Parcel Number
03077-0001
Land Assessment
$110,250
Improvements Assessment
$574,290
Total Assessment
$684,540
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