Overview
Mixed-Use Building with Restaurant/Bar
This is a three-story mixed-use building with a restaurant/bar and two apartments. The building is 100% occupied and features great exposure, excellent signage, and strong C-1 zoning. It includes six parking spaces and high 10' ceilings. Each apartment has three bedrooms. The property is equipped with a CCTV security system, a new roof, new hot water heaters, a new gas steam boiler, upgraded electrical service, new gas service, a skylight, and LED lighting. The electrical power is 200 amp. The property is located on Bruckner Blvd in The Bronx, between I-295, I-695 & I-95. Nearby neighbors include USPS, Amazon, Chase Bank, The Home Depot, Target, Planet Fitness, Petco, Walgreens, AutoZone, Mobil, Sunoco, McDonald's, Dollar Tree, Hertz, and Mattress Firm. Apartment 1 (3 Br.) generates $43,272 annually on a month-to-month lease. Apartment 2 (3 Br.) generates $43,272 annually with a lease expiring on 6/30/25. The bar/restaurant generates $62,400 annually, and the laundry generates $1,800 annually. There is also a tax rebate from the restaurant of $1,848.24. The gross annual income is $152,592.24. Annual expenses include $5,015 for gas and electric, $800 for maintenance and repairs, $4,212 for water and sewer, $8,587 for insurance, and $5,533.64 for taxes, totaling $24,147.64. The Net Operating Income (NOI) is $128,444.60 annually.
