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Victor Kom
Name: Victor Kom
Phone: (646)572-6446 Broker
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435 East 153rd Street

Bronx, NY 10455-1203

Building Information Building Type: Retail

Description

435 E 153rd St
Bronx, NY 10455


Melrose Storefront in Prime Location: "The Hub" (Bronx)

In the neighborhood of Melrose, a half a block west of the economically thriving 3rd Avenue, is a 2,200 square foot one-story, pre-war building with 1 retail unit. The storefront faces southeast onto 153rd Street, beside a three-story apartment complex.

Within 3 – 5 blocks of the storefront, 3rd Avenue is lined with national retailers such as GNC, Radio Shack, Lids, Athlete’s Foot, Modells, Payless, Foot Locker, Dr. Jay’s, London Boy, Third Avenue Mini-Mall, Nine West, and Ashley Stuart, amongst many specialty boutiques and trendy stores. This medley of shops yields a high-traffic zone for a range of consumers, day and night.

A few blocks to the southwest down 3rd Avenue is The Hub. The Hub is known for being the “retail heart of the South Bronx” and is considered to resemble Times Square in the capacity of high-volume traffic and high-density consumerism.

Since the extremely successful opening of the “Hub Retail and Office Center” in 2007, The Hub’s boundaries now extend as far northeast as 3rd Avenue and 156th Street; ending one block north of our location.

Demographics within 1-mile:
●Population is 114,000
●48% percent of the population is under 29 years old, while 28% are between 30 and 49, and 24% are 50 to 80+
●There are approximately 40,000 homeowners and 74,000+ renters
●Average household income is $32,000

Local Retail Business
Retailers within one mile generate between $863,000 to $263 million in annual sales. Retailers representing the top tier ($139 to $263 million) are Auto, General Merchandise/Appliance/Furniture, Department Stores, and Gasoline Stations. The profitable lower tier ($863 thousand to $3.4 million) is composed of retailers such as Outdoor Power Equipment, Music Instrument/Supply Stores, Video Tape Stores, and Paint/Wallpaper.

Accessibility
This area is easily accessible by car, train, or bus. Running parallel to the 3rd avenue to the east is I-287 and intersecting with 3rd avenue to the north is I-87. For those commuting by auto, street parking is available on East 153rd Street, Elton Avenue, and 3rd Avenue. Subway routes 2 and 5 drop commuters off at 149th Street and 3rd Avenue, just over four blocks north of the property. At 3rd Avenue and East 154th Street, a half a block from the storefront, sits a bus stop for routes BX15 and BX21 (BX15 offers services from 3 Avenue/Fordham Road-Fordham Plaza and 12 Ave/West 125 St, Harlem, Manhattan. BX21 offers services from Westchester Square-East Tremont Ave 6 subway station and East 136 St/Lincoln Av (3 Av-138 St 6 subway station), Port Morris).

This area caters to a vast variety of successful retailers and shops and is the main marketplace for South Bronx.

For leasing availability, check the “Spaces for Rent” tab located in the upper left of this page. For general leasing inquiries, contact Cheuky Pun.
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