53-63 W Fordham Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
53-63 W Fordham Rd
11,719 SF 88% Leased Retail Building Bronx, NY 10468 $10,800,000 ($922/SF)
Executive Summary
SP Capital Group is pleased to present an investment opportunity located at 53 W Fordham Rd, Bronx, NY. This single-story retail building encompasses 11,719 square feet and consists of six fully occupied retail units.
Key Highlights:
Strong Income Stream: The property generates a total income of approximately $956,185, with a robust net operating income (NOI) of $690,105. The diverse tenant mix includes established businesses with favorable lease terms, providing stability and long-term revenue.
Prime Location: Strategically situated at the corner of W Fordham Rd and Grand Ave, this property benefits from exceptional visibility and heavy foot traffic. It is surrounded by national retail powerhouses and is only steps away from a variety of restaurants, shops, markets, schools, and parks, including Devoe Park and St James Park.
Development Potential: The property is zoned R6/C1-4, allowing for 35,123 buildable square feet as-of-right and up to 69,384 square feet with the facility bonus. This presents significant opportunities for future development or expansion.
Tenant Contributions: Tenants pay their own utilities and reimburse a portion of the real estate taxes, enhancing the overall income profile of the property.
For more information, please contact us today.
Key Highlights:
Strong Income Stream: The property generates a total income of approximately $956,185, with a robust net operating income (NOI) of $690,105. The diverse tenant mix includes established businesses with favorable lease terms, providing stability and long-term revenue.
Prime Location: Strategically situated at the corner of W Fordham Rd and Grand Ave, this property benefits from exceptional visibility and heavy foot traffic. It is surrounded by national retail powerhouses and is only steps away from a variety of restaurants, shops, markets, schools, and parks, including Devoe Park and St James Park.
Development Potential: The property is zoned R6/C1-4, allowing for 35,123 buildable square feet as-of-right and up to 69,384 square feet with the facility bonus. This presents significant opportunities for future development or expansion.
Tenant Contributions: Tenants pay their own utilities and reimburse a portion of the real estate taxes, enhancing the overall income profile of the property.
For more information, please contact us today.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,719 SF
Building Class
C
Year Built
1921
Price
$10,800,000
Price Per SF
$922
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Land Acres
0.33 AC
Zoning
R6, C1-4 (Wide Street) - 43,365 BSF Residential. 69,384 BSF Community Facility
Frontage
Amenities
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Space can be leased without backyard space. Extensive development potential. Great for: retail, supermarket, discount, medical users.
| Space | Size | Space Use | Position | Available |
| 53 | 1,700 SF | Retail | - | Now |
53
| Size |
| 1,700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
53
| Size | 1,700 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Space can be leased without backyard space. Extensive development potential. Great for: retail, supermarket, discount, medical users.
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03213-0043 | Improvements Assessment | $1,524,523 |
| Land Assessment | $810,000 | Total Assessment | $2,334,523 |
PROPERTY TAXES
Parcel Number
03213-0043
Land Assessment
$810,000
Improvements Assessment
$1,524,523
Total Assessment
$2,334,523
-
Roni Soleimani -
SP Capital Group LLC
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
53-63 W Fordham Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.