1908-1914 Cross Bronx - Storefront FOR SALE


Bronx, NY 10472- Unionport
$2,500,000 USD
917-715-1632
1908-1914 Cross Bronx, Bronx, NY for Sale
$2,500,000 USD
Storefront - FOR SALE
1/7
null | 4.23% Cap Rate

1908-1914 Cross Bronx
Bronx, NY 10472
Unionport


HIGHLIGHTS

  • Potential Development site with 23,075 square feet of air rights

OVERVIEW

Block & Lot: 03794-0120, Zoning: R6 / C1-2, Lot Dimensions: 50 x 149.54 (Irregular), Lot Size: 6,750 Sq. Ft. FAR: 3.9, Buildable: 26,325 Sq. Ft., Existing Footage: 3,250, Air Rights: 23,075 Building Dimensions: 50 x 120 Ft., Building Size: 3,250 Sq. Ft., Stories: 1, Units: 3 Located on the south side of East 177th Street between Newbold Avenue and Hugh J. Grant Circle. Access to the 6 line Subway. Built in 1925, one story retail building with 3 tenants: Tenants: Pay-O-Matic: Monthly rent $6,377.88 / Annual Rent $76,534.56 – Leases expiration 11/13/2027 with a 5 year renewal option VIP Barber Shop & Spa LLC: Monthly rent $2,654 / Annual Rent $31,848 – Lease expires 06/30/2030 Manny’s Unisex: Monthly rent $3,130.04 / Annual rent $37,560.48 – Lease expires 12/13/2029 Gross Annual Rental Income: $145,943.04 + Tax Reimbursement $576 + Water/Sewer Reimbursement $1,356 Total Gross Income: $147,875.04 Operating Expenses $42,099.20: Taxes $32,173.20 + Water/Sewer $1,915+ Insurance $8,011 NOI: $105,775.84 Annually

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$769 USD /SF

CAP RATE

4.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

C1/R6

APN/PARCEL ID

03794-0120

ASK ABOUT THIS PROPERTY

Ariel KowalskyAriel KowalskyMore Info
917-715-1632

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Ariel KowalskyAriel KowalskyMore Info
917-715-1632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.