Retail Storefront Building at 2922 Third Avenue Bronx
FOR SALE
$11,950,000
2922 Third Avenue, Bronx, NY 10455
44,610 SF
Square Feet
$268
PPSF
Property Description
Kassin Sabbagh Realty (KSR) has been retained to facilitate the sale of 2922 Third Avenue in the Bronx NY 10455, located at the corner of Third Avenue and 152nd Street. This storefront retail and office building sits on a 7,450 square foot lot with a total building size of 44,610 square feet.
Currently, the property features retail spaces on the lower level, ground floor, and second floor. Positioned in the vibrant heart of the South Bronx along the bustling Third Avenue corridor, it benefits from an average daily traffic count exceeding 12,000 vehicles. The area is home to several national retailers, including Foot Locker, ALDI, FIVE Below, Marshalls, GNC, Burlington, and Home Goods, alongside a variety of popular quick-service restaurants. Additionally, the property is conveniently located near the 3 Avenue-149 Street subway station – 2 and 5 lines.
Property Details
Asset Type
Retail
Lot Size
7,450 SF
Neighborhood
Melrose
Submarket
Bronx
ZIP
10455
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$679,789
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$56,649
Annual Debt Service
$679,789
View on Map
Address
2922 Third Avenue
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Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.