deal image
607 E 187th St, Bronx, NY 601 E 187th St, Bronx, NY 603 E 187th St, Bronx, NY 605 E 187th St, Bronx, NY
601-607 East 187th Street AKA 2398 Arthur Avenue
Asset ClassMixed Use, Office
Bronx Little Italy | 4 Retail & 3 Offices | 7,500 GSF
overview of deal

Overview

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.

 

Asking Price: $4,500,000 | 6.8% Cap Rate

Investment Highlights

  • Two 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

 

607 E 187th StBronx, NY 10458

Inquire

Listing provided by LightBox Revere