Retail Condo Portfolio For Sale
825-837 Washington Avenue, Bronx, NY
$4,400,000
Price
6%
Cap Rate
$265,136
NOI
Overview
Description
This one-of-a-kind opportunity presents two fully-leased retail condos with an impressive net operating income situated in a bustling retail market of The Bronx.
The retail portfolio includes six shops and a 23-space parking garage, located close to the Melrose Metro-North station and the #2 and #5 express trains at 3rd Av-149th Street & Jackson Avenue with a yearly ridership of 7,458,222.
Easily accessible via public transit and nearby highways, this dynamic portfolio offers an investment with profitable returns.
Built in 2008, 825-837 Washington Avenue has 9,616 SF of retail space on the ground floor of the Aurora, an 8-story, 91 unit residential condominium in The Bronx. Retail tenants include TherapyCare, Beverly Hills Furniture and Cinco de Mayo Mexican Restaurant.
3044 Third Avenue is a nine- story residential condominium building space surrounded by major developments and serves as an extension to the “HUB”, a major medical and retail corridor within walking distance to to 2 & 5 trains/bus, shops and dining options.
Documents
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Offering Memorandum
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