Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers amp ; End Users !
Description
Calling All Investors, Developers & End-Users!!! 6,200+ Sqft. Free Market Mixed-Use Building/Development Site With R7B Zoning For Sale!!! The Property Features Great Exposure, Excellent Signage, R7B Zoning, 10 Parking Spaces, High 8’ Ceilings, (3) 3 Br. Apts., 4 Stories, 5 Car Garage, Full Basement, Low Property Taxes, All New LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Of The Bronx In Between Grand Concourse & Webster Ave. Right Near Fordham University!!! The Building Is Situated On A HUGE 6,000+ Sqft. Lot!!! Neighbors Include The Bronx Zoo, Starbucks, Chase Bank, TD Bank, Target, P.C. Richard & Son, CubeSmart Self Storage, Dunkin’, AutoZone, Burlington, T.J. Maxx, Skechers, Walgreens, Chick-fil-A, Auntie Anne’s, Krispy Kreme, White Castle, Midas, Five Below, Family Dollar, Aldi, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available)
Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann. (Available)
Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available)
5 Car Garage: $62,800 Ann. (Available)
10 Parking Spaces: $36,000 Ann. (Available)
Pro Forma Gross Income: $234,800 Ann.
Expenses:
Oil: $4,000 Ann.
Electric: $890 Ann. (Hallway Only)
Insurance: $3,845 Ann.
Taxes: $8,688 Ann.
Water & Sewer: $2,823 Ann.
Total Expenses: $20,496 Ann.
Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)
Amenities
- Sewer Available
- Water 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.