Vacant 3 bedroom apt + occupied commercial space. Very low taxes & expenses. Even with the vacant apartment, the retail pays more than enough to cover the building's expenses. Heat is provided by a gas boiler & gas water heater. Opportunity to expand the property by 4k sq ft. There is also an opportunity to use the commercial space for your own personal business. Located on a main commercial strip.
Price Upon Req.37,952 SF
Auction Timeline2/10/2016 - Indicative bid due date2/12/2016 - Notice provided to final round bidders2/15/2016 - Refundable bidder deposit due to escrow2/18/2016 - Best and final auction date2/18/2016 - Purchase Agreement Signed2/19/2016 - Non-refundable deposit posted to escrowAuction.com together with Eastern Consolidated, as exclusive agent for ownership, are pleased to offer for sale a prime block-through corner retail building with a significant amount of unused development rights, located at 2962-2970 Third Avenue (the "Property") in the Bronx, New York. The 37,952 square foot building includes 21,820 square feet on the ground floor and additional 16,132 square feet of selling basement space with high ceilings. The building benefits from 103 feet of frontage along Third Avenue and 193 feet of frontage along East 153rd Street. The Property also includes up to 129,208 square feet of unused development rights for future residential, commercial, and/or community facility development. The Property is located along Third Avenue in "The Hub" and is the second busiest locale in New York City after Times Square.
*Exclusive Listing* 6 Apts + Large Retail. $99 rent controlled apt. will soon be vacant. Higher rent is not included in the income. Rent roll will soon be $13k higher. Most of the tenants are paying below market preferential rents. Opportunity to quickly unlock building's tremendous upside Store has 2 more years + option to renew. (Income from the store is equivalent to 4 apartments) Many development projects occurring in the immediate area. Opportunity to be where the action is. Short trip to Manhattan
Property Description: Storefront
Approximately 15 car parking inside the building. Rare opportunity to acquire a 6,000-square-foot commercial building in a prime location. High visibility and a great open space with high ceilings. Ideal for many types of businesses. Currently home to the best auto body business in the Bronx. Building features a huge workshop, two offices with central air and a half bath. This is a real landmark building located by a stop light. The corner lot offers exposure on two busy streets! What could be better for your business?On the corner of Route 1 and Mace Avenue. 2500 Boston Road. Convenient to Bronx River Parkway, Pelham Parkway, Hutchinson Parkway, I87, & I95.
$$$Big price reduction$$$ .Very profitable business $$ Call for more info!!
Strong investment opportunity, 6 stores located on corner lot, fully occupied, high net income. Tenants include a restaurant/bar, hair salon, and beauty supply store. Gross rent is $209,820.48 with cap rate of 6%. *** Owner-financing is available for this property. Please inquire for details. Brokers are always welcome, however, please be sure to clearly identify yourself as an agent/broker when emailing or calling for more information. Facility FAR = 6.5 Commercial FAR = 0 Residential FAR = 6.02 Building Dimensions = 50.08' x 98.42' Usable SF = 4,835 Zoned = C1-4/R8
Prime Development site, needs interior tear down for maximum income, steps away from "Tremont Renaissance". Perfect Central Bronx location, visible corner. Call Agent
Fully Vented Kitchen & Preo Area (New Kicthen) Wraparound Bar Mezzanine Area Small Stage/DJ Booth Big Screen Televisions 18' High Ceilings 2 Huge Mall Development in the Area. Several Major Colleges and Universities.