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Development Site With Existing Income 1908-1914 Cross Bronx
3,250 SF 100% Leased Retail Building Bronx, NY 10472 $3,254,625 CAD ($1,001 CAD/SF)
INVESTMENT HIGHLIGHTS
- Potential 22,000 square feet buildable development site currently producing income. There is an existing assumable mortgage on the property of $706K
EXECUTIVE SUMMARY
Property is located next to Hugh J. Grant Circle shopping and transit hub on the south side of East 177th Street between Newbold Avenue and Hugh J. Grant Circle with access to the 6 Subway line. It is a 1-story retail building with 3 units. The tenants are:
Pay-O-Matic Check Cashing - monthly rent of $6,192 with 3% annual escalations, lease expires on 11/13/2027 with a 5 year renewal option
VIP Barber Shop & Spa LLC - monthly rent is $2,654 with 2% annual escalations, lease expires on 06/30/2030
Manny's Unisex - monthly rent is $3,130.04 with 3% annual escalations, lease expires on 12/13/2029
Gross Annual Income: $147,342
NOI: $105,327 Annually
Block & Lot: 03794-0120
Zoning: R6 / C1-2
Lot Dimensions: 50 x 149.54 (Irregular)
Lot Size: 6,750 Sq. Ft.
FAR: 3.9
Buildable: 26,325 Sq. Ft.
Existing Footage: 3,250
Air Rights: 23,075
Building Dimensions: 50 x 120 Ft.
Building Size: 3,250 Sq. Ft.
Stories: 1
Units: 3
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$152,355
|
$46.88
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $152,355 |
| Annual Per SF | $46.88 |
PROPERTY FACTS
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Finance and Insurance
- -
- -
- -
PAYOMATIC est en affaires depuis les années 1950 et est devenue le plus grand fournisseur de services financiers et d'encaissement de chèques à New York, gérant plus de 19 millions de transactions par année. PAYOMATIC compte près de 150 magasins dans les quartiers du Bronx, de Brooklyn, de Manhattan, du Queens, de Long Island et de la région de New York. De nombreux magasins sont ouverts 24 heures sur 24, 7 jours sur 7. PAYOMATIC offre une variété de services en magasin qui facilitent la vie de nos clients. Si vous avez besoin d'argent ou si vous voulez envoyer de l'argent, PAYOMATIC est là pour vous ! Un fournisseur de services financiers de quartier et un fier membre de la communauté. Les magasins PAYOMATIC offrent l'encaissement de chèques, les transferts d'argent Western Union®, les mandats, la carte InPower (avec options de dépôt direct), le paiement de factures (plusieurs options de paiement le jour même), les services mobiles prépayés et bien d'autres services. PAYOMATIC offre également des services personnalisés aux propriétaires d'entreprise, y compris la possibilité d'encaisser des chèques payables à votre entreprise.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Finance and Insurance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03794-0120 | Improvements Assessment | $358,534 CAD (2024) |
| Land Assessment | $72,396 CAD (2024) | Total Assessment | $430,930 CAD (2024) |
PROPERTY TAXES
Presented by
Development Site With Existing Income | 1908-1914 Cross Bronx
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