2028 White Plains Rd
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2028 White Plains Rd
18,000 SF 91% Leased Retail Building Bronx, NY 10462 $5,250,000 ($292/SF) 6.72% Cap Rate
Investment Highlights
- Corner Commercial building located off major retail hub at White Plains Road
- Cash flowing producing $447,120 per annum ($240,000 lease expiration in May 2043)
- $3.5M in recent capital expenditure
- 250’ of wraparound frontage including 125’ on White Plains Road
- Conveniently Located Within Walking Distance to the Pelham Pkwy 2 and 5 Subway Stations
Executive Summary
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 2028 WHITE PLAINS ROAD — in the Van Nest neighborhood of the Bronx (the ‘Property’). This 2-story retail building features six commercial units across approximately 18,830 square feet of gross floor area. The property boasts a strategic location with 250 feet of wraparound frontage, including 125 feet on White Plains Road, offering excellent visibility and access. The property is situated in a major retail hub, benefiting from high foot traffic and proximity to numerous amenities. It is conveniently located within walking distance to the Pelham Parkway 2 and 5 subway stations, ensuring easy connectivity to other parts of New York City. The property generates a substantial annual income of $447,120, with a significant lease in place until May 2043, providing a stable and long-term cash flow for investors. Recent capital expenditures have enhanced the property, ensuring it remains competitive in the market and attractive to tenants. The combination of a prime location, strong income generation, and recent improvements makes 2028 White Plains Road a valuable asset in the Bronx commercial real estate market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,000 SF
Building Class
C
Year Built
1928
Price
$5,250,000
Price Per SF
$292
Cap Rate
6.72%
NOI
$352,578
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.41 AC
Zoning
C8-1 - Commercial & Office Buildings
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
All uses considered
| Space | Size | Space Use | Position | Available |
| B | 1,653 SF | Retail | In-Line | Now |
B
| Size |
| 1,653 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size | 1,653 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
All uses considered
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (96)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04257-0035 | Improvements Assessment | $581,850 |
| Land Assessment | $223,650 | Total Assessment | $805,500 |
PROPERTY TAXES
Parcel Number
04257-0035
Land Assessment
$223,650
Improvements Assessment
$581,850
Total Assessment
$805,500
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2028 White Plains Rd
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