Bronx, NY

FOR SALE: 5690-5700 Riverdale Ave

fully occupied building on busy riverdale avenue

Admiral Real Estate Services is pleased to exclusively present the purchase opportunity at 5690-5700 Riverdale Avenue in North Riverdale (Bronx, NY).  This is a one-story retail property with four (4) occupied tenants – 3 services businesses and 1 restaurant.  Further, this Riverdale investment building totals approximately 6,200 SF. This separates into 5,100 SF ground floor space and a 1,080 SF lower-level bar / restroom area in the restaurant.

This is an exceptional location on Riverdale Avenue at West 259th Street with a high traffic count of 8,365 vehicles per day.  Additionally, the building also boasts 80 feet of frontage on Riverdale Avenue.  Most importantly, the current tenancy includes long-standing and well-known Connaughton’s Riverdale Steak House, Mary-Anne’s Fine Clothing & Gifts, KPE Laundry & Cleaners, and Brown’s Jewelers.

about riverdale

Riverdale, as a whole, is located in the northwest corner of the Bronx and is part of New York City; however, it embraces a distinctly suburban feel. Many houses have large, landscaped lawns and nearly all of the streets are tree-shaded. Apartment buildings, cooperatives and condominiums, are generally well-spaced, attractive, and often afford views of the Hudson River and nearby surroundings. Further, an above average percentage of local residents have received a graduate degree. Estimated income figures, including family income, household income, and per capita income is well above average.

Residents of Riverdale enjoy above average accessibility to Manhattan via the Henry Hudson Parkway, with travel time to midtown being approximately 20 minutes.  Additionally, the Riverdale Metro-North train station, on the Hudson Line, is approximately a ½ mile from the site, providing commuters with a quick commute to midtown Manhattan and numerous locations into Northern Westchester.

quick facts

• 6,200 SF Riverdale investment building – 4 current tenants
• Steps from bus stop and only 1-mile to Riverdale Metro-North train
• Exceptional location on Riverdale Avenue at West 259th Street
• Traffic Count: 8,365 vehicles per day frontage: 80 Ft on Riverdale Avenue
• Current tenancy: Connaughton’s Riverdale Steak House, Mary-Anne’s Fine Clothing & Gifts, KPE Laundry & Cleaners and Brown’s Jewelers
• Neighboring retailers include: Chase Bank, Dunkin’ Donuts/Baskin Robins, Key Food, USPS, Riverdale Kosher Market, and Verizon Minutes to Manhattan College, Van Cortlandt Park, Bronx Zoo and the New York Botanical Garden

contact

For more information on this Riverdale investment property, contact Jonathan Gordon, CCIM, MSRE, Admiral’s CEO and the owner’s exclusive broker.