Property Details

Overview

Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Mixed-Use Building With Restaurant/Bar For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong C-1 Zoning, 6 Parking Spaces, High 10’ Ceilings, (2) 3 Br. Apts., 3 Stories, CCTV Security System, New Roof, New Hot Water Heaters, New Gas Steam Boiler, Upgraded Electrical Service, New Gas Service, Skylight, LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart The Bronx On Busy Bruckner Blvd. In Between I-295, I-695 & I-95!!! Neighbors Include USPS, Amazon, Chase Bank, The HOme Depot, Target, Planet Fitness, Petco, Walgreens, AutoZone, Mobil, Sunoco, McDonald’s, Dollar Tree, Hertz, Mattress Firm, Burger King, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt. 1 (3 Br.): $43, 272 Ann. M-M. Apt. 2 (3 Br.): $43, 272 Ann. Lease Exp.: 6/30/25. Bar/Restaurant: $62, 400 Ann. Laundry: $1, 800 Ann. Tax Rebate From Restaurant: $1, 848.24 Gross Income: $152, 592.24 Ann. Expenses: Gas & Electric: $5, 015 Ann. Maintenance & Repairs: $800 Ann. Water & Sewer: $4, 212 Ann. Insurance: $8, 587 Ann. Taxes: $5, 533.64 Total Expenses: $24, 147.64 Net Operating Income (NOI): $128, 444.60 Ann. (8.03 Cap!!!) ,