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2530 Boston Road

Bronx, NY 10467
  • $3,200,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: H6187391
Price Reduced
$3,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1929
County:
Area:

School Ratings & Info

School District:

Description

10,000 sq ft mixed retail property in a high traffic, low competition corridor. Separate meters for water, heat, electric for each tenant. 50% reimbursement for tax and maintenance. 7% cap rate as currently leased (75% of rentable sq ft occupied) 9% Cap Rate at 100% occupancy ($300k+ NOI). All Tenants have excellent leases with escalation clauses set in, and leased at or above market rate (Avg base rent is $37 rsf). There are several multifamily projects slated for construction in the immediate area increasing the potential for profit for the business. A great find for a 1031 with low effort ownership. GPI at 100% Occupancy is $366K for year 1.

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© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2022-07-01T00:17:24.297.
www.nicoleburkehomes.com/homes/129035650
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2530 Boston Road Bronx, NY 10467

  • Price: $3,200,000
  • Status: Active
  • On Site: 38 Days
  • MLS #: H6187391
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1929
Built
Neighborhood:
Bronx
County:
Bronx
Area:
Bronx
School District:
City Of New York
Property Description
10,000 sq ft mixed retail property in a high traffic, low competition corridor. Separate meters for water, heat, electric for each tenant. 50% reimbursement for tax and maintenance. 7% cap rate as currently leased (75% of rentable sq ft occupied) 9% Cap Rate at 100% occupancy ($300k+ NOI). All Tenants have excellent leases with escalation clauses set in, and leased at or above market rate (Avg base rent is $37 rsf). There are several multifamily projects slated for construction in the immediate area increasing the potential for profit for the business. A great find for a 1031 with low effort ownership. GPI at 100% Occupancy is $366K for year 1.
Exterior Features

Building Size 10000

Interior Features

Cooling Zoned Cooling YN Yes

Property Features

Business Type Retail Property Sub Type Retail Property Type Commercial Sale Zoning Description C8-1

Listing courtesy of Roberto Rivera of Besmatch Real Estate.
© 2022 OneKey MLS. All rights reserved.


© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2022-07-01T00:17:24.297.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803