4-Unit Ground-Floor Retail Condo For Sale

Highlights:

• Projected Stabilized NOI of $270,121 with annual rent escalations.
• Diversified tenant mix anchored by a house of worship, a neighborhood pharmacy, and a national wireless/telecom tenant.
• Long-term lease structure (10-year initial terms with 5–10 year renewal options) providing stable, durable cash flow.
• 800 SF vacant suite offers a purchaser immediate leasing upside, or turnkey space for an owner-operator.
• Ground-up storefront and infrastructure improvements: new storefronts, new restrooms in each suite, and a new ADA-compliant entry ramp and sidewalk extension.
• ICAP benefits and low annual taxes create a favorable expense profile, enhancing the property’s overall investment economics.

Description:

Kassin Sabbagh Realty (KSR) has been exclusively retained to arrange the sale of 909 East Tremont Avenue, Bronx, NY 10460, a 6,500 SF retail condominium located between Honeywell and Daly Avenues in the Crotona neighborhood of the Bronx.

The property consists of four retail units and is being offered at $3,500,000, representing a 7.7% cap rate. The asset benefits from approximately 86 feet of frontage, providing strong visibility along East Tremont Avenue.

Zoned R7X/C1-4, the property also benefits from an ICAP tax abatement, with current taxes of approximately $7,673. With multiple retail units, prominent frontage, and an attractive proforma return, 909 East Tremont Avenue presents investors with an opportunity to acquire a well-positioned retail asset along an established Bronx commercial corridor.

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