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20945074
20945073

598 Grand Concourse, The Bronx, NY 10451

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties
$2,350,000
543 days on market
Updated 85 days ago
Opportunity zone

Mixed-Use Building in the Bronx, NY

Details
APN 02443-0042
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 5,857
Cap Rate 6.78%
NOI $159,400
Occupancy 100%
Tenancy Multi
Rent Bumps No
Price per SqFt $401
Broker Co-Op Yes
Class C
Year Built 1929
Buildings 1
Stories 4
Lot Size (SqFt) 2,535
Zoning C4-4, Bronx, (O9)
Investment Type Stabilized
Ownership Fee Simple

Fully-Occupied Investment Opportunity

Marketing 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.

Investment 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

Listing Contacts

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$159,400.00
$13,283.33/mo

Valuation Metrics

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DSCR
6.78%
Cap Rate
6.78%
ROI

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