2582 Third Ave The, Bronx, NY 10454

Listing agent Anthony Volman License #NY

Listing office Highcap Group

Listing date Feb 22, 2024

Source Crexi

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Overview

This mixed-use building, situated in a busy location on the Avenue and two blocks from the 6 subway station, features 6,500 square feet. The property includes two free market apartments and a vacant 4,200-square-foot retail store with an additional 2,500-square-foot basement. The retail space is divisible. The property's gross income is $289,000, and the net income is $234,000 with the projected store, resulting in a 7.1% CAP.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Bronx

County

Bronx

State

New York

Longitude

-73.925669

Latitude

40.811595

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FAQs

What type of property is this?

Mixed-use property - Mixed-use building with retail space and apartments near subway.

Where is this mixed-use property located?

The property is located at 2582 Third Ave The Bronx, NY.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Investment Opportunity: 7.1% CAP rate; High Net Operating Income: $234k (projected with store); Prime Location: Busy Avenue, 2 blocks from the 6 subway station