Size: 7,200 SF
Description: The subject property is a 7,200 SF corner 4-story Mixed Use Building, located in Mott Haven, Bronx, nearby the HUB. The retail space is 1,800 SF and features 100 feet of frontage and incredible signage/branding potential. It was formerly occupied by Blimpie and is delivered vacant. There are also 6 apartments, paying below market rents.
There is tremendous upside in the vacant retail space, as well as apartment rents, due to the rapid growth of this area, near the 3rd Avenue HUB retail corridor. The property has all of the following characteristics: location, visibility, proximity to other national tenants, and under-valued rents.