What is the asking price for Bank of America & Emblem Health?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Bank of America & Emblem Health?

This property is listed as Multi-Tenant.

What is the total size of Bank of America & Emblem Health?

The property has a total square footage of 11,000 SF.

When was this property built?

Bank of America & Emblem Health was built in 1932.

How many parking spaces are available at Bank of America & Emblem Health?

Parking information for the property isn't currently listed. However, other nearby parking options include Jerome – 190th Street Municipal Parking Garage, located 0.25 miles away , and Parking Area A, which is 0.75 miles away.

248-254 E Fordham Rd, Bronx, NY 10458

For Sale $19,793,286.95
Property Type Retail - Street Retail
Property Size 11,000 SF
Units 2
Lot Size 0.15 Acre
Property Tenancy Multi-Tenant
Year Built 1932
Date Updated Apr 27, 2026

Description

- Located on the Southeast corner of E Fordham Road and Valentine Ave in one of the Bronx’s strongest retail corridors, the subject location benefits from the vibrant Fordham Road shopping district — the largest in the borough and among the top commercial strips in New York City. - The locale is highly accessible, anchored by the Fordham Plaza transit hub and served by major bus and rail lines, which supports strong foot traffic and convenient access from across the region. - The broader neighborhood offers a mix of large-scale regional attractions and neighborhood amenities — including the New York Botanical Garden and the Bronx Zoo — enhancing draw and visibility for a retail user seeking both destination and everyday traffic.Introducing 248-254 E Fordham Rd, a prime Retail / Street Retail investment opportunity in the heart of the Bronx. This 11,000 SF, 2-unit property, built in 1932 and zoned C4-4, offers 100% occupancy with Bank of America's 10-year lease extension and an additional income stream from EmblemHealth. Located on the premier corner of Fordham Road, this property boasts unparalleled visibility and foot traffic, surrounded by a dense cluster of national credit retailers. With exceptional barriers to entry and a recession-resilient, needs-based retail market, this urban real estate gem presents a compelling investment prospect.

Highlights

Additional Income Stream – EmblemHealth Lease with Built-In Rental Increases
Corporate Bank of America – Early 10-Year Lease Extension Demonstrating Tenant Commitment to Location
Direct access to Fordham University, Bronx Zoo, and NY Botanical Garden
Emblem Health is one of the largest nonprofit health insurers in New York, serving 3M+ members
Extremely limited supply of corner parcels suitable for bank or flagship retail use
Fordham Road trades consistently even in down-market cycles due to daily-needs retail mix, institutional anchors, and student + workforce population
High-density trade area with more than 100,000 residents within 1 mile
Irreplaceable Urban Real Estate with Exceptional Barriers to Entry
Located on the Premier Corner of Fordham Road – #1 Retail Corridor in the Bronx
Medical / administrative use provides category diversification beyond retail banking
Recession-Resilient, Needs-Based Retail Market
Steps from Fordham Plaza transportation hub (Metro-North + 10+ MTA bus routes)
Surrounded by a Dense Cluster of National Credit Retailers Including: Target, Chick-fil-A, Five Below, P.C. Richard & Son, Burlington, Champs, Foot Locker, Gap Factory, Snipes, Rainbow, and more
Trophy Corner in a Transit-Rich, Pedestrian-Dominated Environment
Unmatched pedestrian + vehicular traffic | Fordham Road sees an estimated 80,000+ daily shoppers & commuters