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788 E Tremont Ave 7,550 SF 74% Leased Retail Building Bronx, NY 10460 $2,050,000 ($271.52/SF) 6% Cap Rate
Investment Highlights
- Robust 6.0% Cap Rate on in place stabilized retail income
- Located in a dense Bronx submarket with heavy foot traffic and public transit access.
- Ideal for a professional firm seeking a flagship location with rental income.
- Significant path to NOI expansion through upper floor lease up.
- Exceptional visibility along the high-traffic East Tremont Ave corridor.
Executive Summary
The property’s ground-floor retail is fully occupied, providing a reliable foundation of $176,818 in gross annual income. After accounting for $53,789 in operating expenses, the asset generates a current Net Operating Income (NOI) of $123,029. At the competitive asking price of $2,050,000, the building currently delivers a robust 6% capitalization rate on existing performance alone.
The primary value-add component lies in the current vacancy of the second and third floors. These levels offer an incoming owner the flexibility to capitalize on the area's increasing demand for professional office space. By activating these vacant floors, the next owner can significantly increase the gross rent roll.
The primary value-add component lies in the current vacancy of the second and third floors. These levels offer an incoming owner the flexibility to capitalize on the area's increasing demand for professional office space. By activating these vacant floors, the next owner can significantly increase the gross rent roll.
Financial Summary (Actual - 2025) 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 (Actual - 2025) 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
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,550 SF
Building Class
C
Year Built
1924
Price
$2,050,000
Price Per SF
$271.52
Cap Rate
6%
NOI
$123,029
Percent Leased
74%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.89
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-4A - C4-4A / R7A equivalent
Frontage
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
800 SF Backyard • Boutique full floor opportunity • Ideal for professional services, therapy, or non-profit organizations • Flexible layout
• Boutique full floor opportunity • Ideal for professional services, therapy, or non-profit organizations • Flexible layout
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 1,000 SF | Retail | - | Now |
| 3rd Floor | 1,000 SF | Retail | In-Line | Now |
2nd Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
800 SF Backyard • Boutique full floor opportunity • Ideal for professional services, therapy, or non-profit organizations • Flexible layout
3rd Floor
| Size | 1,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
• Boutique full floor opportunity • Ideal for professional services, therapy, or non-profit organizations • Flexible layout
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02956-0016 | Total Assessment | $195,480 |
| Land Assessment | $67,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $127,980 | Tax Year | 2025 |
Property Taxes
Parcel Number
02956-0016
Land Assessment
$67,500
Improvements Assessment
$127,980
Total Assessment
$195,480
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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788 E Tremont Ave
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