Corner Retail Property in
1254 Southern Blvd The Bronx, NY 10459
For Sale
$2,880,000
High-visibility, fully leased retail property with long-term tenant.
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$576
Days on Market94
Property Features for 1254 Southern Blvd The
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1924
Listing Agency:
E REALTY INTERNATIONAL CORP.
(917) 547-4288
Listed By:
Wenting Wang · License #10401297420
(917) 547-4288
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 25 at 8:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of E REALTY INTERNATIONAL CORP.
Investment Insights
Based on property information with market context.
The property at 1254 Southern Blvd is a 5,000 square foot, single-story masonry retail building situated on a 5,000 square foot lot in the Bronx. It is a corner, free-standing property with high visibility. The building is fully leased to a single-tenant laundromat under a new 15-year lease commencing in April 2024. The property benefits from its location beneath an elevated subway line, which provides excellent exposure. It also benefits from strong pedestrian traffic and a dense residential and commercial trade area. The property is zoned R7-1 / C1-4 and is suitable for investors seeking predictable cash flow with minimal management. The location has a bike score of 66, indicating it is bikeable, a walk score of 84, indicating it is very walkable, and a transit score of 100, indicating it is a rider's paradise.
Key Highlights
- Fully leased to a single‑tenant laundromat under a new 15‑year lease, providing stable cash flow.
- High‑visibility, corner free‑standing retail property in a dense area of the Bronx.
- Excellent exposure beneath an elevated subway line and strong pedestrian traffic.
Financial Insights For Retail
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 | $168.0k | $33.60 |
| − Vacancy | −$17.6k | −$3.53 |
| EGI | $150.4k | $30.07 |
| − OpEx | −$45.1k | −$9.02 |
| NOI | $105.3k | $21.05 |
5,000 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.32M – $1.75M
NOI $105,252 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.46M
$3.03M – $4.04M
NOI $242,525 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Super Brothers Laundromat ...
(Bike/Boat/Book/etc) Store
L & P Fragancia ...
(Bike/Boat/Book/etc) Store
Maystro Barbershop
Barber Shop
Similar Off Market Nearby
- Violeta's flower shop — 1031 westchester ave, bronx, ny 10459
- Jr Flower Shop — 1056 westchester ave, bronx, ny 10459
- Benicia Florist Same Day Delivery Inc — 1114 westchester ave, bronx, ny 10459
- Antillana Fresh Meat Market — 1025 Westchester Ave, Bronx, NY 10459
- Alta Floristeria — 1114 Westchester Ave, Bronx, NY 10459
FAQs
What type of property is this?
Storefront property - High-visibility, fully leased retail property with long-term tenant.
Where is this storefront property located?
The property is located at 1254 Southern Blvd The Bronx, NY.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: Fully leased to a single‑tenant laundromat under a new 15‑year lease, providing stable cash flow.; High‑visibility, corner free‑standing retail property in a dense area of the Bronx.; Excellent exposure beneath an elevated subway line and strong pedestrian traffic.
