- Fully renovated mixed-use building consisting of 4 apartments and a ground floor retail.
- The store has a full usable cellar and separate entrances.
- Units are individually metered with separate boilers and hot water tanks.
- Property is walking distance to East 180th Street [2,5] Train Station.
- Price – $ 1,195,000
- Cap Rate – 8.3%
Morris Park Avenue Bronx, NY 10460
$1,195,000.00
Details
- Fully renovated mixed-use building consisting of 4 apartments and a ground floor retail.
- The store has a full usable cellar and separate entrances.
- Units are individually metered with separate boilers and hot water tanks.
- Property is walking distance to East 180th Street [2,5] Train Station.
- Price – $ 1,195,000
- Cap Rate – 8.3%
Additional Information
| Asset Type | Mixed-Use |
|---|---|
| City | Bronx |
| Neighborhood | Van Nest |
| Broker | Yuriy Ustoyev |
| Price | $1,195,000 |
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Development Opportunity on Morris Avenue, Bronx.
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases -
This is a development opportunity. Burger King franchisee will vacate; the seller has a negotiated number to buy out the tenant. The tenant would like to come back to the property and lease space if possible. Buyer has this option.
