598 Grand Concourse 5,857 SF 100% Leased Retail Building Bronx, NY 10451 $3,279,002 CAD ($559.84 CAD/SF) 6.78% Cap Rate
INVESTMENT HIGHLIGHTS
- For Sale: 4-Story Mixed-Use Building Consisting of Commercial and Residential Units
- Restaurant Tenant Pays for Water and Sewer, All Tenants Pay for Electric and Heat
- Surrounded by Various Neighborhood Retail and Amenities such as McDonald's, Chinese Restaurant, Italian Restaurant, Clothing Stores, Schools, & More
- Zoned for C4-4, Bronx, (O9)
- Located Within Walking Distance to the 149 St - Grand Concourse Subway Station
EXECUTIVE SUMMARY
At this location is a 4-story mixed-use building composed of commercial and residential units. The building is zoned for C4-4, Bronx, (O9) and is currently fully-occupied. The restaurant tenant pays for the water and sewer expenses and all of the tenants pay for the electric and heat expenses.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,857 SF
Building Class
C
Year Built
1929
Price
$3,279,002 CAD
Price Per SF
$559.84 CAD
Cap Rate
6.78%
NOI
$222,414 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.24
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-4, Bronx, (O9)
AMENITIES
- Restaurant
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02443-0042 | Improvements Assessment | $463,025 CAD |
| Land Assessment | $57,943 CAD | Total Assessment | $520,968 CAD |
