Bank of America & Emblem Health

Investment Overview

Introducing 248-254 E Fordham Rd, a prime Retail / Street Retail investment opportunity in the heart of the Bronx. This 11,000 SF, 2-unit property, built in 1932 and zoned C4-4, offers 100% occupancy with Bank of America's 10-year lease extension and an additional income stream from EmblemHealth. Located on the premier corner of Fordham Road, this property boasts unparalleled visibility and foot traffic, surrounded by a dense cluster of national credit retailers. With exceptional barriers to entry and a recession-resilient, needs-based retail market, this urban real estate gem presents a compelling investment prospect.

Investment Highlights

• Corporate Bank of America – Early 10-Year Lease Extension Demonstrating Tenant Commitment to Location
• Additional Income Stream – EmblemHealth Lease with Built-In Rental Increases
• Emblem Health is one of the largest nonprofit health insurers in New York, serving 3M+ members
• Medical / administrative use provides category diversification beyond retail banking
• Located on the Premier Corner of Fordham Road – #1 Retail Corridor in the Bronx
• Unmatched pedestrian + vehicular traffic | Fordham Road sees an estimated 80,000+ daily shoppers & commuters
• Surrounded by a Dense Cluster of National Credit Retailers Including: Target, Chick-fil-A, Five Below, P.C. Richard & Son, Burlington, Champs, Foot Locker, Gap Factory, Snipes, Rainbow, and more
• Irreplaceable Urban Real Estate with Exceptional Barriers to Entry
• High-density trade area with more than 100,000 residents within 1 mile
• Extremely limited supply of corner parcels suitable for bank or flagship retail use
• Trophy Corner in a Transit-Rich, Pedestrian-Dominated Environment
• Steps from Fordham Plaza transportation hub (Metro-North + 10+ MTA bus routes)
• Direct access to Fordham University, Bronx Zoo, and NY Botanical Garden
• Recession-Resilient, Needs-Based Retail Market
• Fordham Road trades consistently even in down-market cycles due to daily-needs retail mix, institutional anchors, and student + workforce population