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Parkchester Retail District 1410-1491 Metropolitan Ave
1,387 - 19,915 SF of Retail Space Available in Bronx, NY 10462
Highlights
- Parkchester Retail District is a landmark mixed-use development on a 129-acre site in the Bronx with premier residential, office, and retail space.
- Ground-floor retail suites in excellent condition are immediately available in various sizes with ideal frontage and proximity to major tenants.
- Join the second-oldest Macy’s store and Marshalls as anchor tenants, as well as Blink Fitness, Foodtown, and Starbucks at this premier development.
- Situated near Jacobi Medical Center and Fordham University, with easy access to the Bronx River Parkway and the Cross Bronx Expressway.
Space Availability (6)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B2 | 1,387 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 1st Floor, Ste C2 | 1,578 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 1st Floor, Ste C3 | 1,791 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 1st Floor, Ste D5 | 7,561 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 1st Floor, Ste E1 | 3,943 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 1st Floor, Ste F4 | 3,655 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1460 Metropolitan Ave - 1st Floor - Ste B2
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
1460 Metropolitan Ave - 1st Floor - Ste C2
Lease this premier end cap space immediately across from the top entrance to the Macy's store. This space was formerly an AT&T wireless store and is in good condition.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Corner Space
- Corner Space
- Premium Fit-out
- Premier Location in Parkchester
1460 Metropolitan Ave - 1st Floor - Ste C3
Located within building W12 (see attached site map for guidance). This is in-line retail space along Metropolitan Avenue.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Plug & Play
- After Hours HVAC Available
- Inline Retail Space Along Metropolitan Avenue
1460 Metropolitan Ave - 1st Floor - Ste D5
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
1460 Metropolitan Ave - 1st Floor - Ste E1
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- End Cap Location
1460 Metropolitan Ave - 1st Floor - Ste F4
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
TENANTS AT Parkchester Retail District
- Tenant
- Description
- SIZE
- MOVE DATE
- US Locations
- Reach
- Marshalls
- Dept Store
- 24,300 SF
- 11/2014
- 1,511
- International
Marshalls buyers are always hustling to get deals on the latest trends, from the brands people know and love. And they take quality very seriously. In fact, they travel the world, searching for the best finds in fashion, home, shoes, beauty, and accessories—everything people are into. Their selection is always changing, which is what makes their shopping experience so fun. Each store receives different shipments every week, so people never know what they will find. They don’t hold replenishment stock in their back rooms, and even their store managers don’t know what’s coming in until they open the delivery truck doors. Their best advice? If people see something they love, add it to the cart. They are what people call an off-price retailer. For them, incredible value means the perfect combination of brand, fashion, price, and quality. Unlike traditional retailers, they don't do promotions, sales, or coupons.
- Rainbow Apparel
- Ladies' Apparel
- 21,900 SF
- -
- 1,485
- National
Rainbow is a fashion retailer with locations in the United States, Puerto Rico, US Virgin Islands and online at RainbowShops.com. They offer affordable clothing, shoes and accessories for Women, Juniors, Plus Sizes and Kids. They have everyday low prices, so there is no need to wait for a sale.
- Starbucks
- Accommodation and Food Services
- 2,015 SF
- -
- -
- -
- Macy's
- Retailer
- -
- -
- -
- -
- Hook and Reel
- Accommodation and Food Services
- -
- -
- -
- -
- Cinnabon
- Accommodation and Food Services
- -
- -
- -
- -
| Tenant | Description | SIZE | MOVE DATE | US Locations | Reach |
| Marshalls | Dept Store | 24,300 SF | 11/2014 | 1,511 | International |
| Rainbow Apparel | Ladies' Apparel | 21,900 SF | - | 1,485 | National |
| Starbucks | Accommodation and Food Services | 2,015 SF | - | - | - |
| Macy's | Retailer | - | - | - | - |
| Hook and Reel | Accommodation and Food Services | - | - | - | - |
| Cinnabon | Accommodation and Food Services | - | - | - | - |
PROPERTY FACTS FOR 1410-1491 Metropolitan Ave , Bronx, NY 10462
About the Property
The Parkchester Retail District is a vibrant 129-acre mixed-use development in the Central Bronx, spanning multiple city blocks between Metropolitan Avenue and Hugh Grant Circle. Constructed between 1938 and 1942, the pioneering development was one of America's largest privately planned communities and continues its prominence today. This vibrant property offers 12,271 residential apartment units, 32 upper-level office spaces, and an impressive 525,000 square feet of retail, dining, entertainment, and service options across 60 street-level units. The Parkchester Retail District features major tenants, such as the second-oldest Macy’s store and Marshalls, Starbucks, Blink Fitness, Walgreens, and Foodtown. Well-maintained retail suites with various frontages and floor plans are immediately available for lease to meet all business needs and space requirements. Situated within 10 miles from the heart of Midtown Manhattan, the Parkchester Retail District is accessible via the Cross Bronx Expressway/Interstate 95, the Bronx River Parkway, and numerous subway and bus lines. The Bronx Zoo, Fordham University, the New York Botanical Garden, Jacobi Medical Center, and neighboring points of interest are only minutes away from the development. Over 1.8 million residents live within a 5-mile radius of the Parkchester Retail District, representing an average household income that exceeds $65,500 annually.
- Bus Line
- Enclosed Mall
- Car Charging Station
- Air Conditioning
Marketing Brochure
DEMOGRAPHICS
Demographics
About Bronx
The Bronx is the third most densely populated county in the U.S. The Bronx is one of 10 counties in the nation that saw above-average population growth over the past decade, reaching an all-time high of 1.47 million residents per the 2020 U.S. Census data. Recent apartment development is concentrated in the southern part of the Bronx, which has benefited from significant public investment and proximity to Manhattan.
The Bronx has many well-known attractions, including the New York Botanical Garden; the Bronx Zoo; and Yankee Stadium, completed in 2009 and seats 52,000 spectators. The Bronx is home to a number of educational institutions including Fordham University and Albert Einstein College of Medicine.
The Bronx benefits from an extensive transportation network: seven subway lines that traverse the borough, stops on the Northeast Regional and Metro-North train lines, and a new ferry service linking Soundview in the Bronx to Wall Street. The Metro-North railroad is expanding service to the Bronx, with three new platforms currently under construction on the New Haven line. This service expansion, with a direct connection to Penn Station, will create opportunities for developers and businesses to expand into underserved areas of the Bronx.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Golden Krust | - | - | 2 min walk |
| Thai Cuisine | Thai | $$$ | 7 min walk |
| Jerry's Pizzeria | Pizza | $ | 7 min walk |
Retail |
||
|---|---|---|
| Macy's | Other Retail | 2 min walk |
| Marshalls | Dept Store | 3 min walk |
| Walgreens | Drug Store | 2 min walk |
| United States Postal Service | Business/Copy/Postal Services | 3 min walk |
Hotels |
|
|---|---|
| Sleep Inn |
76 rooms
4 min drive
|
| MainStay Suites |
27 rooms
8 min drive
|
| Best Western Plus |
88 rooms
8 min drive
|
| Wingate by Wyndham |
70 rooms
12 min drive
|
| Ramada |
67 rooms
12 min drive
|
Leasing Team
Leasing Team
Miles Mahony, Executive Vice President
Recent Landlord assignments include the leasing of the 300,000 square foot Throggs Neck Shopping Center and is currently heading the leasing team for the newly renovated Bruckner Commons in the Soundview section of the Bronx. Miles’ experience in Landlord representation also includes transactions with Acadia Realty, Blumenfeld, Chase Enterprises, L&M Development Partners, Related Companies, Simone Development, Urban Edge Properties, and Vornado.
Notable tenant representation includes Starbucks, Chase Bank, TD Bank, McDonald’s, Smashburger, Party City, and Dollar Tree Stores.
Miles has been with RIPCO since 2008 and is a member of the International Council of Shopping Centers (ICSC).
Ben Weiner, Vice President
Benjamin has orchestrated several significant transactions throughout Brooklyn, such as Blue Bottle Coffee’s 17,000-SF Bushwick headquarters, Thalmic Lab’s flagship retail location at 178 Court Street, and a 12,000-SF shopping center addition at Caesar’s Bay in Sheepshead Bay. He has also developed tenant relationships with notable Brooklyn-based names such as Mile End Deli, Butler and Co., as well as national boutique brands like Club Pilates, and One Kings Lane.
In 2018, Benjamin was named one of the Commercial Observer’s “30 under 30: The Top Leasing and Sale Professionals of the Year”. He is the president of Engeye Young Professionals Committee, a non-profit organization (of which he also sits on the fundraising board) that aims to ensure health and education in rural Uganda, where as a college student, he lived for 10 months working on social entrepreneurship projects and teaching at local schools.
Benjamin is a licensed Salesperson in the state of New York and a member of the International Council of Shopping Centers (ICSC). He is from Northern New Jersey and attended Union College where he was a two-time captain of the college’s Swimming and Diving Team. He graduated in 2013 as a Minerva Fellow.
About the Owner
-
Miles Mahony
-
Power Broker
Ben Weiner
-
Kenneth Marshall
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Parkchester Retail District | 1410-1491 Metropolitan Ave
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