Broadway Plaza

Bronx, NY
On the Market
Property Type :
Retail
Year Built :
2014
Property Size :
130,000 Sft

Overview

HFF, L.P. (“HFF”) has been exclusively retained to arrange the sale of Broadway Plaza (the “Property”), a prominent, grocery-anchored shopping center consisting of 147,366 square feet in the heart of the highly residential Marble Hill / Kingsbridge neighborhoods of the Bronx. The Property is 97.2% leased to a complementary tenancy including Aldi, TJ Maxx, Blink Fitness, Five Below and Starbucks, among others. Delivered in 2014 and benefiting from a 25-year ICAP, the Property is easily accessible via local transportation within the Bronx and the greater NYC Metro Area, providing superior accessibility to the center by subway, bus, or car. The Property offers stable, long-term cash flow with 100% of in-place tenants having term through at least September 2024 (WALT 7.3 Years), alongside significant contractual rent growth and additional extension options. The Property benefits from an unmatched, infill location boasting robust demographics within one of the most densely populated boroughs in the NYC Metro, and is surrounded by some of the top private schools in New York City as well as the James J Peters VA Medical Center. An offering of this scale in a New York City borough is a rarity and the Property’s strong tenant mix and transit-friendly location in a highly occupied submarket provide the foundation for sustained long-term value appreciation.

Map

Documents

If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.

Contact Information

Rob Rizzi45 Rockefeller Plaza
Suite 2400
New York, NY 10111
P: 2126321807
F: 2122452623

rob.rizzi@am.jll.com
Jose Cruz1776 On The Green
67 East Park Place, 4th Floor
Morristown, NJ 07960
P: 9735492011
F: 9735492060

j.cruz@am.jll.com
Andrew Scandalios45 Rockefeller Plaza
Suite 2400
New York, NY 10111
P: 2126321821
F: 2122452623

andrew.scandalios@am.jll.com
Steven Rutman45 Rockefeller Plaza
Suite 2400
New York, NY 10111
P: 2126321828
F: 2122452623

steven.rutman@am.jll.com
Thomas Pryor45 Rockefeller Plaza
Suite 2400
New York, NY 10111
P: 2122452425
F: 2122452623

thomas.pryor@am.jll.com
Nikhil Chuchra45 Rockefeller Plaza
Suite 2400
New York, NY 10111
P: 2126321833
F: 2122452623

nikhil.chuchra@am.jll.com