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2981 3rd Ave

South Bronx, Bronx, NY
Floors
2
Total Size
170,000 sqft
Year Constructed
1992
Year Renovated
2012

About 2981 3rd Ave

Situated in Bronx, New York, the multipurpose commercial building at 2981 3rd Avenue has many desirable features to offer tenants looking to rent office space.

The building was constructed in 1992 and renovated in 2012. Units range from 1,500 - 2,500 square feet, and this is especially a great opportunity for retail shops.

The office/retail building at 2981 3rd Avenue is in a high traffic area, so renters will receive excellent exposure for their businesses. The building has a new lobby and elevator. Certain units will allow full floor rentals.

Nearby, there is a subway station at 149th Street, and a few shops and restaurants scatter throughout the area. In addition, a large hospital, several schools, and government offices are close by.

2981 3rd Avenue has two floors and a brick facade with an interesting second floor design. The street level units will serve as wonderful spaces for retail companies.

Internet Providers for 2981 3rd Ave

Provider Technology Max Download Speed Max Upload Speed
Cablevision/Optimum Cable
1 Gb/s
25 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: South Bronx

On average, listings lease in the $30's per square foot per year. The South Bronx region is going through a a boost in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 43% rise in rent.

Compared to the rest of the New York City market, the South Bronx submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
South Bronx $38
/sqft/yr
1,940
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,330
sqft

Median Rate over Time in South Bronx