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28354592
28354593

248-254 E Fordham Rd, Bronx, NY 10458

HT
NY #10401380235
Encore Real Estate Investment Services NYC
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services NYC, Encore Real Estate Investment Services
$19,793,286
202 days on market
Updated 54 days ago

Bank of America & Emblem Health

Details
Property Type Retail
Sub Type Bank, Convenience Store (+1)
Square Footage 10,352
Cap Rate 5.75%
NOI $1,138,114
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America, Emblem Health
Lease Type NNN
Rent Bumps Yes
Lease Options See Lease Abstract
Price per SqFt $1,912
Year Built 1998
Buildings 1
Acreage 0.150
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Trophy Bronx Retail Opportunity | Hard Corner Location Along E. Fordham Rd | Actual Property Photo

Marketing description

Investment highlights

  • Corporate Bank Of America – Early 10-Year Lease Extension Demonstrating Tenant Commitment To Location

  • Additional Income Stream – EmblemHealth Lease With Built-In Rental Increases

  • Emblem Health Is One Of The Largest Nonprofit Health Insurers In New York, Serving 3M+ Members

  • Medical / Administrative Use Provides Category Diversification Beyond Retail Banking

  • Trophy Corner In A Transit-Rich, Pedestrian-Dominated Environment | Recession-Resilient, Needs-Based Retail Market

  • Located On The Premier Corner Of Fordham Road – #1 Retail Corridor In The Bronx

  • Unmatched Pedestrian + Vehicular Traffic | Fordham Road Sees An Estimated 80,000+ Daily Shoppers & Commuters

  • Irreplaceable Urban Real Estate With Exceptional Barriers To Entry

  • High-Density Trade Area With More Than 100,000 Residents Within 1 Mile

  • Extremely Limited Supply Of Corner Parcels Suitable For Bank Or Flagship Retail Use

  • Steps From Fordham Plaza Transportation Hub (Metro-North + 10+ MTA Bus Routes)

  • Direct Access To Fordham University, Bronx Zoo, And NY Botanical Garden

  • Surrounded By A Dense Cluster Of National Credit Retailers Including: Target, Chick-Fil-A, Five Below, P.C. Richard & Son, Burlington, Champs, Foot Locker, Gap Factory, Snipes, Rainbow, And More

Listing Contacts

HT
NY #10401380235
Encore Real Estate Investment Services NYC
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services NYC, Encore Real Estate Investment Services

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,138,114.00
$94,842.83/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Harry Tawil
License
#10401380235
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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