Calling All Investors, Developers, amp ; End Users !


Property

Website:https://www.nestseekers.com/3274081
Address:
720 Clarence Avenue Apt: B
Bronx, NY 10465
Cross street:Randall Ave
Ownership: For Sale
Type: Commercial
Lot Size: 16300 sq ft

Financials

Price: $2,350,000
Annual Taxes: $14,007

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Description

Calling All Investors, Developers, & End-Users!!! Unique 2 Unit Bayfront Mixed-Use Property In Throgs Neck For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong C3A Zoning, 16 Parking Spaces, High 8' Ceilings, Separate Meters, Low Property Taxes, 6 Lots (27, 28, 29, 30, Part Of 60 + 62), 2 Car Garage, Huge Yard, Full Metal Pier, Massive Private Beach, Private 250' Boat Dock, Jacuzzi, In Ground Saltwater Pool, Seaplane Ramp, Separate Entrances, Gated Lot, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Throgs Neck On A HUGE 16,300 Sqft. Lot Just A Few Blocks From I-695/I-295. This Property Also Has Reparian Water Rights (120 x 250)Neighbors Include Starbucks, UPS, The Home Depot, Target, Dunkin', Walgreens, CVS, Planet Fitness, Five Guys, T.J. Maxx, The Bronx Zoo, Mobil, Sunoco, Taco Bell, McDonald's +++!!! The Entire Property Can Be Delivered Vacant. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 3 Br. Main House (1,200 Sqft.): $120,000 Ann. (Available) 3rd Floor 2 Br. Apt. (900 Sqft.): $48,000 Ann. (Available) 1st. Floor 2 br. Apt. (1,100 Sqft.): $50,400 Ann. (Available) Rear Unit (600 Sqft.): $26,400 Ann. (Available) Garage 1: $36,000 Ann. (Available) Garage 2: $36,000 Ann. (Available) Boat Slip Rental: $31,250 Ann. (Available) Pro Forma Gross Income: $348,050 Ann. Expenses: Insurance: $5,800 Ann. Taxes: $15,050 Ann. Total Expenses: $20,850 Ann. Net Operating Income (NOI): $327,200 Ann. (Pro Forma 13.92% Cap!!!)

Amenities

  • Waterfront Property

Contact

6243 Northern Blvd
Courtesy of All Island Estates Realty Corp