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508 Willis Ave

South Bronx, Bronx, NY
Floors
3

About 508 Willis Ave

The 3-story pink building at 508 Willis Avenue in New York’s Melrose neighborhood will suit tenants looking to rent office space or a retail unit in an area with major foot traffic.

The subway station at 149th Street has the 2nd highest ridership in the Bronx and the retail unit at 508 Willis Avenue benefits from the daily influx of commuters. Major office and retail construction is planned for this part of New York City and with no fewer than 7 bus lines close by, this will become a major retail area in the Bronx.

508 Willis Avenue in New York offers retailers 14 ft. and 11 ft. of frontage on the ground floor. This freestanding block is adorned by many colorful awnings and there is an excellent signage opportunity available.

This bustling neighborhood already includes tenants like Pay Half, Walgreens, Dunkin Donuts, Sleepy's and pretty much all major national and local chains.

The pink masonry facade of 508 Willis Avenue, New York, greets visitors with cheerful awnings and signage and attracts the attention of passers-by thanks to its unusual color. The large display windows on the ground floor should provide ample natural light inside.

Internet Providers for 508 Willis Ave

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

The Neighborhood: South Bronx

On average, listings lease in the $30's per square foot per year. The South Bronx submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 36% rise in rent.

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

Median Rate Median Size
South Bronx $38
/sqft/yr
1,940
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in South Bronx