September 5, 2025 – Bob Horvath, Todd Tremblay and Robert Aaron of Horvath & Tremblay have successfully completed the sale of three tenant retail center in Bronx, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,225,000.
The Property is located at 3535-3539 Riverdale Avenue in Bronx, New York. The Property consists of a fully occupied, three-tenant retail storefront with 2,450 square feet of space on a 0.07-acre parcel. Cocina Chente executed a 10-year lease extension beginning in October 2023, demonstrating their commitment to the location and the market; there are 8+ years remaining on their lease term. Don the Jeweler executed a 5-year lease extension beginning in November 2021 and has over a year of term remaining. Insight Eye Associates Riverdale executed a brand-new, 10-year lease beginning in May of 2019, with 4 years of firm term remaining followed by one (1), 5-year option. 3535-3539 Riverdale Avenue is situated in an incredible urban-infill location on the primary commercial roadway in the Riverdale neighborhood of the Bronx. The Property is next to the signalized intersection of Riverdale Avenue and West 236th Street and benefits from prominent visibility and frontage on Riverdale Avenue. The immediate area offers an eclectic mix of local businesses and services, surrounded by densely populated residential areas that provide a robust consumer base. Public transportation is conveniently available with a bus stop directly in front of the Property and subway service just half a mile away at 238th Street Station. An extensive array of shopping opportunities and attractions are available half a mile from the Property on Broadway in the Kingsbridge neighborhood, punctuated by Riverdale Crossing, a premiere shopping center anchored by BJ’s Wholesale Club. The Broadway corridor features several grocery stores, major national retailers, and numerous entertainment and service amenities.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.