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33329571
33329570

1927 Gildersleeve Avenue, Bronx, NY 10473

IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group
$3,000,000
8 days on market
Updated 8 days ago

1927 Gildersleeve Avenue

Details
Property Type Retail, Mixed Use (+1)
Sub Type Commercial, Battery Storage
Square Footage 15,750
Units 1
Cap Rate 6.62%
NOI $198,728
Rent Bumps Yes
Price per SqFt $190
Zoning R3-2, R3A, C1-1

Retail | 6.62% CAP | 15,750 SqFt

Marketing description

Investment Property Realty Group (IPRG) has been exclusively retained to market for sale 1927 Gildersleeve Avenue, a unique mixed-use investment opportunity located at the intersection of Soundview Avenue and Rudd Place in the Clason Point section of The Bronx.

The property consists of a 15,750 square foot lot featuring a long-term Battery Energy Storage System (BESS) lease with Orenda, in addition to excess land improved with a detached single-family residence.

The BESS portion of the site occupies approximately 60' x 167' and is secured by a 25-year lease with scheduled 2% annual rent increases, providing stable long-term income through August 1, 2048.

The remaining portion of the property consists of approximately 30' x 175' and is improved with a one-story single-family home containing 6 bedrooms and approximately 1,000 square feet.

1927 Gildersleeve Avenue is strategically positioned in the evolving Clason Point neighborhood and offers convenient access to major transportation corridors, as well as the 6, 2, and 5 subway lines. The property presents investors with a rare opportunity to acquire a stable cash-flowing asset with long-term leased infrastructure income and additional upside through the remaining excess land.

Investment highlights

  • Cross Streets: Soundview Ave & Rudd Pl
  • Block & Lot: 3456-5

Listing Contacts

IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$198,728.00
$16,560.67/mo

Valuation Metrics

0
DSCR
6.62%
Cap Rate
6.62%
ROI

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