Listed by Meridian Capital Group Midtown
$4,950,000
601-607 East 187th Street
Details
APN 3077/1
Property Type Mixed Use
Sub Type Retail, Office
Square Footage 7,500
Units 7
Cap Rate 6.20%
Tenancy Multi
Year Built 1930
Stories 2
Zoning R6, C1-4
Ground Lease No
Mixed Use | 6.20% CAP | 7,500 SqFt
Marketing description
Built in 1930, 601 East 187th Street (AKA 2398 Arthur Avenue) is a 2-story walkup commercial building that has 7,500 SF and includes 4 retail units and 3 office units. The Property is located on the NE corner of East 187th Street and Arthur Avenue, in Belmont, a vibrant neighborhood renowned for its strong Italian-American community and rich cultural heritage. Known as "Little Italy" of The Bronx, it is famous for its authentic Italian cuisine, bustling Arthur Avenue markets, and annual street festivals like Ferragosto.
Investment highlights
- 2 Story Walkup Building | 7,500 GSF | 4 Retail & 3 Office Units
- NE Corner of Arthur Avenue
- Tenants: Luna Cafe, Bravo Coffee, Beauty Supply, and Metro by T-Mobile
- Prime Location in the Heart of Bronx's Little Italy
- Close Proximity to Bronx Botanical Garden and Bronx Zoo
Listing Contacts
Listed by Meridian Capital Group Midtown
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