$1,425,000
$1,600,000
10.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/07/2022
Key Details
Sold Price $1,425,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6114822
Year Built 1925
Annual Tax Amount $32,098
Property Sub-Type Retail
Property Description
Big brick mixed use investment property with large income potential. With conservative numbers an easy 10% cap and with potential for much more. Located right next to the 1 train at 231st street in Kingsbridge this is one of the Bronx's top neighborhoods, also walking distance to Manhattan and Riverdale and is appreciating quickly.
-Street Level First Floor - Immaculate condition restaurant and bar. Just signed a 7 year lease at 10k rent with 3% annual increase.
-Second Floor - $4,500 proposed rent. Can be built out to an office and apartment which can get $5500-$6000 total rent.
-Third Floor - Currently a law office.
-Tenants pay all utilities
-Tenants pay all real estate tax increase.
Location
State NY
County Bronx County
Interior
Heating Baseboard, Natural Gas
Cooling Central Air
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Bought with Chase Real Properties LLC
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