Property Details

Overview

Calling All Investors, Developers & End-Users!!! 4 Unit Mixed-Use Building With Garage For Sale In The Bronx!!! The Building Features Great Exposure, Excellent Signage, Strong R5B/R5D/C1-4 Zoning, 11 Parking Spaces, High 9’ Ceilings, (3) 2 Br. Apts., Basement With 8’ Ceilings, 2 Skylights, 2 Private Driveways, Garage, Ramp, Accessible Bathrooms, LED Lighting, 3 Phase Power, +++!!! The Property Is Located In The Heart The Bronx On Perry Avenue In Between The Mosholu Parkway & Bronx River Parkway!!! Neighbors Include Starbucks, Citi, Extra Space Storage, Best Buy, Blink Fitness, Crunch Fitness, Walgreens, Marshalls, Burlington, McDonald’s, Chick-fil-A, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1st Floor + LL (8, 600 Sqft.): $144, 000 Ann. (Available) 2nd Floor: Apt. 1 (2, 800 Sqft., 2 Br. Apt.): $38, 400 Ann. (Available) Apt. 2 (2, 800 Sqft., 2 Br. Apt.): $38, 400 Ann. (Available) 3rd Floor: Apt. 3 (2, 800 Sqft., 2 Br. Apt.): $45, 600 Ann. (Available) Pro Forma Gross Income: $266, 400 Ann. Expenses: Gas & Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $7, 200 Ann. Insurance: $4, 638 Ann. Taxes: $56, 124 Ann. Total Expenses: $68, 212 Ann. Net Operating Income (NOI): $198, 188 Ann. (Pro Forma 10.71 Cap!!!)