270 E 169th St - Storefront Retail/Residential FOR SALE


$2,495,000 USD
914-968-8500
270 E 169th St, Bronx, NY for Sale
$2,495,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 6.91% Cap Rate


HIGHLIGHTS

  • Coveted NY Asset Class.
  • 100% Free Market Mixed-Use Building.
  • Ease of access to public transport and great corner location.

OVERVIEW

Presenting the opportunity to acquire this free-market, mixed-use 'cash cow' located on the southeast corner of East 169th Street and Morris Avenue in the Bronx’s Concourse Village. With an estimated 4,750 gross square feet, the subject property consists of three ground-floor retail spaces and four residential apartments above. The building features a brick exterior with original features throughout, security cameras, a steel and glass entrance, a steel and marble staircase, and a black rubber roof. The basement contains water meters, electric meters, gas meters a newer gas boiler for the apartments, and a hot water tank. The retail heating systems are located in-unit. With the lack of sufficient retail along the nearby Grand Concourse, this small retail hub serves as a major attraction for local shopping and dining. Residents also enjoy quick access to transportation with local bus service and an MTA train station located at East 167th Street and The Grand Concourse.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R7-1

APN/PARCEL ID

02439-0045

ASK ABOUT THIS PROPERTY

Marco LalaRM FriedlandMore Info
914-968-8500

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Marco LalaRM FriedlandMore Info
914-968-8500

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