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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
MLS Listing ID L3590180
HOA Y/N No
Rental Info No
Year Built 1966
Annual Tax Amount $56,124
Lot Dimensions 50x110
Property Sub-Type Retail
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 4 Unit Mixed-Use Building With Garage For Sale In The Bronx Asking Only $110 Per Sqft!!! The Building Features Great Exposure, Excellent Signage, Strong R5B/R5D/C1-4 Zoning, 11 Parking Spaces, High 9' Ceilings, (3) 2 Br. Apts., Basement With 8' Ceilings, 2 Skylights, 2 Private Driveways, Garage, Ramp, Accessible Bathrooms, LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart The Bronx On Perry Avenue In Between The Mosholu Parkway & Bronx River Parkway!!! Neighbors Include Starbucks, Citi, Extra Space Storage, Best Buy, Blink Fitness, Crunch Fitness, Walgreens, Marshalls, Burlington, McDonald's, Chick-fil-A, Dollar Tree, Aldi, +++!!! The Entire Property Will Be Delivered Vacant!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor + LL (8,600 Sqft.): $144,000 Ann. (Available)
2nd Floor:
Apt. 1 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
Apt. 2 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
3rd Floor:
Apt. 3 (2,800 Sqft., 2 Br. Apt.): $45,600 Ann. (Available)
Pro Forma Gross Income: $266,400 Ann.
Expenses:
Gas & Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,200 Ann.
Insurance: $4,638 Ann.
Taxes: $56,124 Ann.
Total Expenses: $68,212 Ann.
Net Operating Income (NOI): $198,188 Ann. (Pro Forma 12.58 Cap!!!)
Income:
1st Floor + LL (8,600 Sqft.): $144,000 Ann. (Available)
2nd Floor:
Apt. 1 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
Apt. 2 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
3rd Floor:
Apt. 3 (2,800 Sqft., 2 Br. Apt.): $45,600 Ann. (Available)
Pro Forma Gross Income: $266,400 Ann.
Expenses:
Gas & Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,200 Ann.
Insurance: $4,638 Ann.
Taxes: $56,124 Ann.
Total Expenses: $68,212 Ann.
Net Operating Income (NOI): $198,188 Ann. (Pro Forma 12.58 Cap!!!)
Location
State NY
County Bronx County
Interior
Fireplace No
Exterior
Private Pool No
Building
Story 3
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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