2451 White Plains Road Bronx, NY

$2,800,000

Bronx retail Building for sale

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Property Highlights

  • Located on the corner of a prime Bronx retail corridor
  • Multi-tenant income producing retail property
  • Anchored by Clean Rite Center, the largest laundromat operator in the NY Metro Area
  • Significant air rights

Floor Plan

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Property Facts

  • Address 2451 White Plains Road
  • Block Lot 4426_32
  • Location Corner of Mace Ave & White Plains Rd
  • Lot Dimensions 50’ X 100’ *
  • Lot Size 5,000 SF *
  • Building Dimensions 50’ X 100’ *
  • Building Size 5,300 SF *
  • Units 4
  • Zoning R6/C2-3
  • Commercial FAR 2.00-10,000 BSF *
  • Residential FAR 3.00-15,000 BSF *
  • Community Use FAR 4.80-24,000 BSF *
  • Taxes $39,511
  • * Approximate

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Financials

  • REVENUE
  • Commercial Income $206,272
  • Insurance Reimbursement $5,300
  • Water/Sewer Reimbursement $2,650
  • Tax Abatement $13,418
  • Projected Gross Income $227,640
  • EXPENSES
  • Real Estate Taxes $39,511
  • Insurance $5,300
  • Water/Sewer $2,650
  • Repairs/Maintenance $6,427
  • Management Fees $6,427
  • Total Expenses $60,314
  • SUMMARY
  • Effective Gross Income (EGI) $27,640
  • Expenses $60,314
  • Net Operating Income (NOI) $167,326
  • Cap Rate 5.97%

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Transportation

  • Located one avenue from the Allerton Avenue subway station serviced by the 2 and 5 trains