Mixed-Use Building in the Bronx, NY

$2,350,000

598 Grand Concourse, Bronx, NY 10451

For Sale

Mixed Use Residential/Retail

Active

Last Updated: 12/10/2024

Details:

Cap Rate: 6.78%

NOI: $159,400

Building Size: 5,857 sqft

Lot Area: 2,535 sqft

Occupancy: 100%

Class: C

Lease Type: Modified Gross

Year Built: 1929

Price Per Sqft: $401.23

Zoning: C4-4, Bronx, (O9)

Tenancy: Multiple

Floors: 4

Gross Leaseable Area: 5,857

Investment Strategy: Opportunistic

Offered by

Ron Koenigsberg

President & Senior Broker

American Investment Properties

#31K00933350

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Highlights:

For Sale: 4-Story Mixed-Use Building Consisting of Commercial and Residential Units
Zoned for C4-4, Bronx, (O9)
Restaurant Tenant Pays for Water and Sewer, All Tenants Pay for Electric and Heat
Located Within Walking Distance to the 149 St - Grand Concourse Subway Station
Surrounded by Various Neighborhood Retail and Amenities such as McDonald's, Chinese Restaurant, Italian Restaurant, Clothing Stores, Schools, & More

Description:

American Investment Properties is retained to sell the property located at 598 Grand Concourse, Bronx, NY. 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.