2083-2099 Starling Ave - Retail FOR SALE


Bronx, NY 10462- Parkchester
$5,000,000 USD
516-334-2146
2083-2099 Starling Ave, Bronx, NY for Sale
$5,000,000 USD
Retail - FOR SALE
1/1
null | Request Cap Rate

2083-2099 Starling Ave
Bronx, NY 10462
Parkchester


OVERVIEW

This 11,266 sq. ft. retail corner property in the Parkchester neighborhood includes 2083-2099 Starling Avenue AND 1507-1511 Olmstead Avenue. The property has both steady retail income and upside potential. Property has six retail spaces, of which five are occupied. The property was built in 1939. Property has a full basement and is fully sprinklered. The retail property is located just off the corner of Unionport Road, and has frontages along both Starling Avenue and Olmstead Avenue. The property is about three blocks from the Castle Hill MTA station for the 6 train. Property is surrounded by a mix of high density residential and supporting neighborhood commercial centers. Zoning permits residential development with a 3.00 FAR (33,852 sq. ft.) per the R6 zoning regulations. This retail neighborhood center presents an excellent investment opportunity with longstanding in-place tenants and stable cash flow.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STARLING AVENUE MULTI-TENANT RETAIL STRIP

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R6

APN/PARCEL ID

03943-0020

ASK ABOUT THIS PROPERTY

Richard CohnBlack Diamond RealtyMore Info
516-334-2146

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Richard CohnBlack Diamond RealtyMore Info
516-334-2146

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