Map of Property

291 East 149th Street

291 East 149th Street, Bronx, NY 10451

  • For Sale $2,500,000
  • Property Type Retail - Street Retail
  • Property Size 3,750 SF
  • Lot Size 0.05 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 20, 2024
North side of East 149th Street between Morris Avenue and Courtlandt AvenueLee & Associates NYC is pleased to present exclusively for sale the mixed-use building located at 291 East 149th Street, Bronx, NY 10451 (the “Property”). Situated on a double-wide street in the heart of the Mott Haven section of the Bronx, the Property benefits from being on a main retail corridor with a multitude of surround educational and medical demand generators. The Property contains approximately 2,000 square feet of retail space on the ground floor, with two (2) floor-through residential units above. The retail space is fully leased to City Derm, a division of Advanced Dermatology with seven (7) years of term remaining on a ten (10) year lease. The retail tenant is responsible for 100% of real estate taxes in addition to a base rent that escalates 3% annually. The residential space on the second and third floors is currently unfinished and vacant. The Property represents the opportunity to acquire a well-located asset featuring strong and consistent cashflow derived from the retail space, while allowing an investor to maximize potential income and value through renovations to the residential units.

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Highlights

  • 7-year term with credit tenancy
  • Located one block from the 3rd Avenue – 149th street Subway station and two blocks from the 149th Street – Grand Concourse subway station
  • Proximity to Lincoln Medical Center, The Hub, and a multitude of charter schools
  • Strong in-place retail cashflow with the opportunity to enhance value through monetizing upper floors
  • High traffic, premier corridor in the Bronx

Contacts

broker

Chris Varjan

Lee & Associates - New York

(212) 776-1272

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Bronx, NY
  • Neighborhood Melrose
  • Zip Code 10451
  • Market Bronx

Points of Interest

  • 3rd Avenue–149th Street

    0.23 miles

  • 149th Street–Grand Concourse

    0.29 miles

  • 138th Street–Grand Concourse

    0.52 miles

  • 3rd Avenue–138th Street

    0.53 miles

  • Melrose

    0.67 miles

  • Brook Avenue

    0.69 miles

  • Yankees–East 153rd Street

    0.73 miles

  • Jackson Avenue

    0.73 miles

  • 161st Street–Yankee Stadium

    0.75 miles

  • Lenox Avenue & 145th Street at Northeast Corner

    0.78 miles

  • Mobil

    0.34 miles

  • BP

    0.36 miles

  • BP

    0.53 miles

  • Speedway

    0.87 miles

  • Mobil

    0.90 miles

  • Citgo

    0.98 miles

  • BP

    0.98 miles

  • BP

    1.17 miles

  • BP

    1.47 miles

  • Mobil

    1.55 miles

  • 153rd Street South Lot

    0.49 miles

  • 153rd Street North Lot

    0.51 miles

  • Concourse Plaza Garage

    0.56 miles

  • 153rd Street Lot

    0.60 miles

  • 153rd Street Garage

    0.66 miles

  • Harlem River South Lot

    0.75 miles

  • Commuter Parking

    0.78 miles

  • Harlem River Lot

    0.78 miles

  • Rupert Plaza Garage

    0.84 miles

  • River Avenue Garage

    0.85 miles

  • Popeyes

    0.19 miles

  • Burger King

    0.32 miles

  • Popeyes

    0.32 miles

  • Giovanni's G-Bar

    0.32 miles

  • Dunkin'

    0.32 miles

  • Texas Chicken & Burgers

    0.32 miles

  • McDonald's

    0.33 miles

  • Boston Market

    0.33 miles

  • Dunkin'

    0.34 miles

  • Landín Macaroni & Cheese

    0.35 miles

  • Fine Fare

    0.37 miles

  • Western Beef

    0.40 miles

  • Key Food

    0.42 miles

  • ALDI

    0.48 miles

  • Bronx Terminal Market

    0.53 miles

  • Food Bazaar

    0.56 miles

  • Bronx Terminal Market

    0.63 miles

  • C-Town

    0.91 miles

  • Fine Fare Supermarket

    0.93 miles

  • Real

    1.00 miles

Frequently Asked Questions

What is the lease rate for 291 East 149th Street?

Rental asking rate at 291 East 149th Street is $1,250,000.00/YR.

What is the total square footage of 291 East 149th Street?

291 East 149th Street totals 3,750 square feet.

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Contact Listing Broker

broker

Chris Varjan

Lee & Associates - New York

(212) 776-1272