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6050 Riverdale Ave 4,500 SF 100% Leased Retail Building Bronx, NY 10471 $3,884,000 ($863.11/SF) 6.25% Cap Rate



Executive Summary
newly renovated retail strip on the corner of
Riverdale Avenue and 261st Street in the
Riverdale section of the Bronx. The
property consists of seven stores, and it is
100% occupied. All seven tenants have 3%
annual increases. The property underwent a
substantial renovation in 2021, including
new electric and gas meters (and panels)
for all seven stores, a new roof, and full
façade repairs for four stores on 261st
Street. In addition, every store here has its
own basement. Ownership did all new
concrete floors here in those basements.
The property benefits from staggered
leases and strong annual increases. An
opportunity to acquire a corner multi-tenant
retail property in Riverdale, one of the city's
most highly desirable residential
neighborhoods. The property sits directly
across the street from the entrance to the
College of Mount Saint Vincent, a private
university with 1,800 students. The site is
surrounded by thousands of housing units
and a mix of local and national retailers.
Property Facts
Amenities
- Signage
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 261St St Bakery
- -
- -
- $50.00
- Modified Gross
- Nov 2026
- All State Insurance Agency
- -
- -
- $50.00
- Modified Gross
- Nov 2026
Allstate Insurance operates through a nationwide network of exclusive agents that provide insurance products backed by The Allstate Corporation. The Celebration, Florida office is operated by an independent Allstate agent and serves individuals and small businesses seeking personal and commercial insurance coverage. The agency offers insurance products that include auto, homeowners, renters, condominium, life, and small-business policies. The Allstate Corporation was founded in 1931 and is a publicly traded insurance company listed on the New York Stock Exchange (NYSE: ALL). Headquartered in Northbrook, Illinois, Allstate is one of the largest personal-lines insurance providers in the United States. Its business model combines corporate underwriting and brand oversight with locally operated agency offices that manage customer relationships and policy sales. The Celebration office functions as a customer-facing retail insurance location and operates within professional office space. The agency is locally managed while adhering to Allstate’s national operating standards, compliance requirements, and technological platforms. Allstate Insurance remains publicly held and continues to expand its distribution through exclusive agencies across the United States.
- Deli Grocery
- -
- -
- $70.00
- Modified Gross
- Nov 2026
- Real Estate Brokerage
- -
- -
- $45.00
- Modified Gross
- Nov 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 261St St Bakery | - | - | $50.00 | Modified Gross | Nov 2026 | |
| All State Insurance Agency | - | - | $50.00 | Modified Gross | Nov 2026 | |
|
Finance and Insurance | - | - | - | - | |
| Deli Grocery | - | - | $70.00 | Modified Gross | Nov 2026 | |
| Real Estate Brokerage | - | - | $45.00 | Modified Gross | Nov 2026 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 05880-0703 | Improvements Assessment | $176,580 |
| Land Assessment | $85,050 | Total Assessment | $261,630 |
Property Taxes
Presented by
6050 Riverdale Ave
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