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3535-3539 Riverdale Ave

2,450 SF 100% Leased Retail Building Bronx, NY 10463 $1,248,285 ($510/SF) 5.92% Cap Rate

Investment Highlights

  • Lease Terms & Site Commitment
  • Strategic Location
  • Exceptional Demographics
  • Attractive Rent Increases
  • Transit Oriented Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 3535-3539 Riverdale Avenue in the Riverdale neighborhood of the Bronx, New York (the “Property”). The Property consists of a fully occupied, three-tenant retail storefront with 2,450 square feet of space on a 0.07-acre parcel. 3535-3539 Riverdale Avenue is situated in an incredible urban-infill location on the primary commercial roadway in the Riverdale neighborhood of the Bronx. The Property is next to the signalized intersection of Riverdale Avenue and West 236th Street and benefits from prominent visibility and frontage on Riverdale Avenue. The immediate area offers an eclectic mix of local businesses and services, surrounded by densely populated residential areas that provide a robust consumer base. Public transportation is conveniently available with a bus stop directly in front of the Property and subway service just half a mile away at the 238th Street Station. An extensive array of shopping opportunities and attractions are available half a mile from the Property on Broadway in the Kingsbridge neighborhood, punctuated by Riverdale Crossing, a premiere shopping center anchored by BJ’s Wholesale Club. The Broadway trade corridor features several grocery stores, major national retailers, and numerous entertainment and service amenities

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,450 SF
Building Class
C
Year Built
1949
Price
$1,248,285
Price Per SF
$510
Cap Rate
5.92%
NOI
$73,942
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.81
Lot Size
0.07 AC

Amenities

  • Bus Line
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

CrossFit
Chase Bank
BJ's Wholesale Club
Buffalo Wild Wings
Bank of America
Key Food Stores Co-Op
Capital One
Starbucks
HSBC
Citizens Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05791-0406
Land Assessment
$77,850
Improvements Assessment
$116,730
Total Assessment
$194,580
  • Listing ID: 34410345

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 3535-3539 Riverdale Ave, Bronx, NY 10463

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