1908-1914 Cross Bronx - Storefront FOR SALE


Bronx, NY 10472
$2,250,000 USD
917-715-1632
1908-1914 Cross Bronx, Bronx, NY for Sale
$2,250,000 USD
Storefront - FOR SALE
1/3
null | Request Cap Rate

1908-1914 Cross Bronx
Bronx, NY 10472


HIGHLIGHTS

  • Potential 22,000 square feet buildable development site currently producing income. There is an existing assumable mortgage on the property of $706K

OVERVIEW

Potential 26,325 square foot buildable development site currently producing income. Property is located next to Hugh J. Grant Circle shopping and transit hub on the south side of East 177th Street between Newbold Avenue and Hugh J. Grant Circle with access to the 6 Subway line. It is a 1-story retail building with 3 units. The tenants are: Pay-O-Matic Check Cashing - monthly rent of $6,192 with 3% annual escalations, lease expires on 11/13/2027 with a 5 year renewal option VIP Barber Shop & Spa LLC - monthly rent is $2,654 with 2% annual escalations, lease expires on 06/30/2030 Manny's Unisex - monthly rent is $3,130.04 with 3% annual escalations, lease expires on 12/13/2029 Gross Annual Income: $147,342 NOI: $105,327 Annually 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

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$692 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Development Site With Existing Income

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Residential

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.