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33705799
33705986

717 Hutchinson Riv Pkwy, undefined, NY 10465

JC
NY 10371201993, NJ NJ 1329209 (+1)
Skyline Real Estate Partners
Listed by Skyline Real Estate Partners
$1,850,000
130 days on market
Updated 2 days ago

717 Hutchinson River Parkway

Details
Property Type Industrial, Land
Sub Type Commercial
Square Footage 1,715
Units 1
Cap Rate 4.43%
NOI $81,900
Occupancy 100%
Tenancy Single
Brand/Tenant Herc Rentals
Lease Type NNN
Lease Term 10
Lease Expiration 06/27/2029
Remaining Term 3
Lease Options 1,5 year
Pro-Forma Cap Rate 6.76%
Pro-Forma NOI $125,000
Broker Co-Op Yes
Buildings 1
Stories 1
Lot Size (SqFt) 10,000
Zoning R4A
Investment Type Net Lease
Lease Commencement 06/28/2019
Occupancy Date 06/28/2019
Ownership Private

Industrial | 4.43% CAP | 1,715 SqFt

Marketing description

717 Hutchinson River Parkway offers a rare small-format value-add opportunity along one of the Bronx’s most heavily traveled transportation corridors. The property features a 1,715 SF freestanding building situated on a ±10,000 SF lot, delivering exceptional frontage, visibility, and signage exposure directly along the Hutchinson River Parkway.

The asset is currently leased to Herc Rentals through June 2029, providing stable in-place income with a clear path to future upside. The lease is undermarket, positioning the property for a meaningful mark-to-market opportunity at rollover or through repositioning, subject to tenant demand and approvals.

Strategically located just minutes from major highways and the Whitestone Bridge, the site benefits from immediate access to Queens, Manhattan, and the greater Tri-State area, making it highly attractive for a wide range of future users. The combination of strong exposure, irreplaceable corridor location, and flexible lot size supports long-term value preservation and growth.

With national-credit tenancy, below-market rents, and unmatched connectivity, 717 Hutchinson River Parkway represents a compelling value-add acquisition for investors seeking durable cash flow today and accelerated upside at lease expiration.

Investment highlights

  1. Value-Add Opportunity with Defined Upside
    In-place income from Herc Rentals through June 2029 with a clear mark-to-market opportunity due to undermarket rents.

  2. Prime Hutchinson River Parkway Frontage
    Exceptional visibility, frontage, and signage exposure along one of the Bronx’s most heavily trafficked corridors.

  3. Strategic Regional Connectivity
    Immediate access to major highways, the Whitestone Bridge, Queens, Manhattan, and the greater Tri-State area.

  4. Efficient Freestanding Building
    1,715 SF building on a ±10,000 SF lot, offering flexibility for re-leasing or repositioning.

  5. National Credit Tenant
    Herc Rentals provides durable cash flow and reduced near-term leasing risk.

  6. Supply-Constrained Urban Location
    Irreplaceable Bronx infill site supporting long-term demand and value preservation.

Listing Contacts

JC
NY 10371201993, NJ NJ 1329209 (+1)
Skyline Real Estate Partners
Listed by Skyline Real Estate Partners

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,900.00
$6,825.00/mo

Valuation Metrics

0
DSCR
4.43%
Cap Rate
4.43%
ROI

Map

Zoning

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R4A ResidentialTwo FamilyDetached Residence
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Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jon Cohen
License
10371201993
Brokerage
Skyline Real Estate Partners
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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