Pelham Gardens Assisted Living
2225 Lodovick Avenue The, Bronx, NY 10469
13,540 SF Unique opportunity in the heart of Pelham Gardens
Property size:
13,540 SFPrice / SF:
$384/SF- Added:
- Jan 8, 2025
- Days on Market:
- 544
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 2225 Lodovick Avenue The
General Information
- Standard status
- Active
- Property type
- Other healthcare properties, Other mixed-use properties, Other investment properties, Healthcare properties, Mixed-use properties, Investment properties
- Size
- 13,540 SF
- Elevators
- N/A
Building Details
- Year Built
- 1927
- Buildings
- 1
- Stories
- 3
- Units
- 25
Listing agent Domenick (914) 902-8700
Listing office (914) 902-8700
Listing date Jan 8, 2025
Overview
Located in Pelham Gardens, The Bronx, this 13,540 square foot assisted living facility at 2225 Lodovick Avenue, zip code 10469, presents an investment opportunity. The property currently operates as an assisted living facility with 25 units and has a history of serving the community. The property is categorized as an investment property, healthcare property, and mixed-use property. Substantial renovations and upgrades are recommended to meet the demands of future clients. Its location offers convenience, situated near the MTA 5 Train and major highways, providing access to shopping centers and public transportation. This location in Pelham Gardens offers a suburban atmosphere while maintaining proximity to city life.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $519.9k | $38.40 |
| − Vacancy | −$52.0k | −$3.84 |
| EGI | $467.9k | $34.56 |
| − OpEx | −$187.2k | −$13.82 |
| NOI | $280.8k | $20.74 |
13,540 SF · lease $38.40/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.01M
$3.51M – $4.68M
NOI $280,765 @ 7.0% cap · market cap 5.40%
Second Best
Mixed Use
$3.87M
$3.39M – $4.52M
NOI $271,139 @ 7.0% cap · market cap 5.21%
Theoretical Best
Warehouse
$9.38M
$8.21M – $10.95M
NOI $656,759 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Community Action For Human ...
Charitable Organization
CAHSInc.
Home Decor Store
Lodovick Avenue, Intermediate ...
Charitable Organization
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8469
- Latitude
- 40.8683
Nearby Similar for Sale
FAQs
What type of property is this?
Healthcare property - 13,540 SF Unique opportunity in the heart of Pelham Gardens
Where is this healthcare property located?
The property is located at 2225 Lodovick Avenue The Bronx, NY.
What is the asking price?
The asking price for this property is $5,200,000.
