3480 Boston RD new Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10469
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 891171
Year Built 1950
Annual Tax Amount $50,995
Lot Size 0.274 Acres
Property Sub-Type Multi Family
Property Description
Calling All Investors, Developers & End-Users!!! 8,450+ Sqft. Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 8 Parking Spaces, High 14' Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Blocks From I-95 & The Gun Hill Road Train Station!!! Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy's, Marshall's, Shake Shack, Firestone Complete Auto Care, Harbor Freight Tools, Buffalo Wild Wings, Wendy's, Bob's Discount Furniture, White Castle, Popeye's Louisiana Kitchen, Golden Krust, Aldi, +++!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Domino's (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes.
USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option.
M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes.
Gross Income: $313,498.44 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $4,296 Ann.
Taxes: $49,688.16 Ann.
Total Expenses: $54,234.16Ann.
Tax Rebate (Paid By The Stores): $90,192 Ann.
Pro Forma Net Operating Income (NOI): $349,456.28 Ann.
Location
State NY
County Bronx County
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Utilities Available Natural Gas Connected
Building
Foundation Other
Sewer Public Sewer
Water Other
Structure Type Block,Other
Others
Special Listing Condition None