The Hub

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  • 502 Willis Ave The Bronx New York 10455 United States
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1REC's Take
Pros

✔ Major shopping destination ✔ Accessible public transport ✔ Diverse retail mix

Cons

✘ High crime rates ✘ Overcrowding ✘ Noise pollution

Shopper Profile

✦ Local Shoppers: Residents and professionals ✦ Preferences: Retail stores, dining, services

About Location
Known as the retail heart of the South Bronx, The Hub is a bustling commercial and transportation center. It features a variety of retailers, from well-known chains to smaller local stores, serving a mainly local clientele. Rents are generally moderate.
Trade Area Summary

Basic Demographics

Median Household Income: $40,040
Consumer Expenditure: $20,845,256,651
Population: 880,102
Daytime Population: 499,355
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: Q – City Hopefuls (90%)
Segment #2: I – Young Urban Singles (6%)
Segment #3: P – Melting Pot Families (5%)
All Other Segments: 0%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $600
Occupancy Rate: 80%
Anchor Tenants: The Hub Shopping Center, Various small businesses
Tenant Rent/Sales Ratio (%): 6.67% – 16.67%
Rent $ / Visitor: $10.67
Source Notes: Data sourced from public and private records.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 502 Willis Ave
The Bronx
New York
10455
United States
Place Tags: Street
Retail Type: Streets & Neighborhoods

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