Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Lot Size: | 0.3 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers amp ; End Users !
- View of asphalt street
- Aerial view of property's location featuring property boundaries highlighted
- Aerial map of property and surrounding area
- Misc room with a paneled ceiling and tile patterned floors
- Welcome area with recessed lighting
- Map / location featuring property boundaries highlighted
- Kitchen featuring a drop ceiling, decorative backsplash, tile walls, and stainless steel countertops
- Aerial overview of property's location
- Kitchen with a drop ceiling, stove, and light tile patterned floors
- 10
- Office area with light tile patterned flooring and a paneled ceiling
- View of storage
- Aerial overview of property's location with property boundaries highlighted
- 14
- Miscellaneous room with a paneled ceiling and tile patterned floors
- Kitchen with a drop ceiling and light countertops
- Kitchen featuring a paneled ceiling, backsplash, and tile walls
- View of storage
- Miscellaneous room with estacked washer and dryer and a drop ceiling
- Miscellaneous room with estacked washer and dryer and a drop ceiling
- Aerial overview of property's location featuring property parcel outlined
- Aerial overview of property's location with property boundaries highlighted
Description
Calling All Investors, Developers & End-Users!!! 8,450+ Sqft. Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 8 Parking Spaces, High 14’ Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Blocks From I-95 & The Gun Hill Road Train Station!!! Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy’s, Marshall’s, Shake Shack, Firestone Complete Auto Care, Harbor Freight Tools, Buffalo Wild Wings, Wendy’s, Bob’s Discount Furniture, White Castle, Popeye’s Louisiana Kitchen, Golden Krust, Aldi, +++!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Domino’s (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes.
USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option.
M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes.
Gross Income: $313,498.44 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $4,296 Ann.
Taxes: $49,688.16 Ann.
Total Expenses: $54,234.16Ann.
Tax Rebate (Paid By The Stores): $90,192 Ann.
Pro Forma Net Operating Income (NOI): $349,456.28 Ann.
Amenities
- Natural Gas Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
