100% Occupied Five Story (Actually 6) Apartment Building Portfolio Containing a Total of 20 Rent Stabilized Apartments 12,500 Total Usable Apartment Square Footage Almost all rents are received from various agencies
33% Projected Condominium Return On Investment; 16% Projected Return on Equity (Self Managed True Initial Cash On Cash Return on Equity Investment Including Net Income After Debt Service PLUS Add Back Vacancy Allowance, Collection Loss, Replacement Reserves, TILC, 3% Management Fee Plus Amortization Principal Reduction From Debt Service) DESCRIPTION: Brand New 2009 construction, 97% Occupied, 7 Story Luxury Doorman Elevator brick apartment, mixed use, commercial, office, medical and retail building with 89,600 Total Usable Square Feet containing 63 Luxury Apartments with 50,788 Square Feet of Usable Residential Square Footage, plus 13 with Exterior Usable Terraces/Balconies totaling 3,873 square feet, and; 4,402 Square Feet of Street Level Retail Space; 16,060 Square Feet of 2nd & 3rd Floor Medical Office Space and 15,000 Square Feet of Interior Parking for 80 Cars. PROJECTED CONDOMINIUM SELLOUT VALUE: $69,700,000
Property is 25,219 Square foot Vacant 2 Lot Land Parcels available to a qualified buyer/developer to Develop according to proposed building plans that have not yet been approved a 7 Story Elevator Building with 95 to 100 Residential Apartments with 86,728+/-Residential Square Feet, Plus a Community Center containing 11,460+/- Square Feet, Plus a 13,500+/- Square Feet Enclosed Parking area with 73 Parking Spaces, Plus Bicycle parking for a Total of 111,688+/- Possible Buildable Square Foot. $19,871,611 Projected Resale Profit Acquisition, Development, Rental & Resale =58% Unleveraged ROI =41% Return on Equity Investment Proj. after Develop, Rent & Refinance $22,101,697 Projected Profit after Condominium Sellout =243% Proj ROI
Income / Business
This is a perfect building for a 10K SF Medical / Institutional operation with a 10K SF parking Garage. 12 feet ceiling height on upper floor and 11 feet on the lower floor. Drive -in on the lower level. Zoned R7 with possible qualification to the Inclusionary Housing Program (Add's .33 to the FAR)
Attractive, modern office building constructed in 1987. Building is NNN leased to 5 billion dollar company until Nov 2016, plus option. Current rent is $102,996/yr. Three level building, rear parking for 8 cars. C1-2 zoning.
7.4X RR. Mostly 2 & 3 bedroom apartments. Executive Summary Attached...
********** NEW **INVESTMENT & DEVELOPMENT OPPORTUNITY********** 85 % OCCUPIED * Off Bruckner Blvd, in the Federal Enpowerment Zone* 17,000 sq ft OFFICE AREA AVAILABLE M1-2 CAN BUILD ADDITIONAL 100,000 SQ FT + TREMENDOUS EXPOSURE TO BRUCKNER EXPRESSWAY & BOULEVARD ONE MAIN STREET AT A LIGHT --AT A CORNER YOU WANTED THE BRONX... SO HERE IT IS ... 144,000 SF MOSTLY ONE STORY BUILDING 88% OCCUPIED M1-1 BUILD RIGHT NOW OR IN THE FUTURE EXCELLENT 1031 EXCHANGE PROPERTY
Great opportunity for small businesses to own their own space! Ideal for office conversion, heath & fitness, specialty, medical. Next to a school. Zoned residential and commercial.
Price Upon Req.6,100 SF
Approximately 15 car parking inside the building. 6,100 square feet with office space Lot Dimensions 110.32ft x 88.03ft Prime Corner property with high amount of traffic Current owner operating the business Zoning C8-1 Far 1 Currently Personal Touch Auto Body Perfect for a User or Operator 5-6 car lifts 6 drive in-roll up doors Onsite Spray Booth Borough, Block, & Lot 2-04435-0005PROPERTY HIGHLIGHTS- The Premier auto body shop in the Tri State- 27 Years in the same location- Direct next to an ALL STATE Insurance office. Great referral!- Huge demographicsASKING BUSINESS/REAL ESTATE SALE PRICE Call for DetailsConveniently located near Bronx River Parkway, Pelham Parkway, Hutchinson Parkway, I87, & I95
Price Upon Req.10,905 SF
Turnkey investment opportunity awaits for the perfect investor! This is a 5 story Multifamily income producing property with 10 units. The building will be delivered fully occupied! 6 out of the 10 units are being rented at market free rent, while the other 4 are rent stabilized. The building has recently been re-stuccoed in 2012. Brand new facade was installed at the same time. Roof has undergone complete renovation 8 years ago and is in good condition. The boiler was serviced 3 years ago and is in good condition. 2 out of the 10 apartments are true 4 bedrooms while the other 8 are all 3 bedrooms. Under 24 hour surveillance. Owner has never had a vacancy for the past 20 years and has a wait list of potential tenants!