1163 Manor Ave
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1163 Manor Ave
8,048 SF 100% Leased Office Building Bronx, NY 10472 $6,205,760 CAD ($771.09 CAD/SF) 7.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Zoning is C4-2, which gives investor opportunity to add additional 10,000sf and increase to 18,700sf (Please check and confirm with your architect)
- Property Renovated in 2017 and added second floor.
- 600sf to 4,000sf can be delivered vacant on second floor, if buyers needs it
EXECUTIVE SUMMARY
Commercial Brick building ideal for Investor at approximately 7.4% CAP ($318k NOI) or User (with 6
room medical space available on the second floor for immediate occupancy, with approximately 600NSF).
The building is approximately 8,000sf on 2 levels, building size 55 x 72 and Lot size 55 x 100. The
Zoning is C4-2, which gives opportunity to investor to add additional 10,000sf and increase to 18,700sf
(Please check and confirm with your architect). First floor: - 2 Retail stores (Office and Restaurant).
Second Floor: - 3 Medical / Office spaces (which includes shared common areas, including several
reception areas, waiting area, bathrooms, stairs, elevator and 3 parking spaces in the back yard). This
location is just 100 feet from the #6 subway line and is situated along the high-traffic Westchester Ave,
connected to Manor Ave. The center is fully ADA compliant, offering a wheelchair ramp, ADA restroom,
and elevator. Please do not disturb current tenants or patients. All showings must be scheduled in
advance with the listing broker. Feel free to call or text with any questions.
room medical space available on the second floor for immediate occupancy, with approximately 600NSF).
The building is approximately 8,000sf on 2 levels, building size 55 x 72 and Lot size 55 x 100. The
Zoning is C4-2, which gives opportunity to investor to add additional 10,000sf and increase to 18,700sf
(Please check and confirm with your architect). First floor: - 2 Retail stores (Office and Restaurant).
Second Floor: - 3 Medical / Office spaces (which includes shared common areas, including several
reception areas, waiting area, bathrooms, stairs, elevator and 3 parking spaces in the back yard). This
location is just 100 feet from the #6 subway line and is situated along the high-traffic Westchester Ave,
connected to Manor Ave. The center is fully ADA compliant, offering a wheelchair ramp, ADA restroom,
and elevator. Please do not disturb current tenants or patients. All showings must be scheduled in
advance with the listing broker. Feel free to call or text with any questions.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
8,048 SF
Building Class
C
Year Built/Renovated
1933/2017
Price
$6,205,760 CAD
Price Per SF
$771.09 CAD
Cap Rate
7.40%
NOI
$459,226 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,400 SF
Building FAR
1.42
Lot Size
0.13 AC
Zoning
C4-2 - Zoning is C4-2, which gives opportunity to investor to add additional 10,000sf and increase to 18,700sf
(Please check and confirm with your architect)
Parking
3 Spaces (0.44 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 03742-0048 | Improvements Assessment | $662,040 CAD |
| Land Assessment | $89,238 CAD | Total Assessment | $751,278 CAD |
PROPERTY TAXES
Parcel Number
03742-0048
Land Assessment
$89,238 CAD
Improvements Assessment
$662,040 CAD
Total Assessment
$751,278 CAD
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Advisors Realty Inc.
1163 Manor Ave
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