598 Grand Concourse The, Bronx, NY 10451
Four-story mixed-use building with commercial and residential units.
- Added:
- Dec 10, 2024
- Days on Market:
- 573
- Last Refresh:
- Jul 5 at 12:39 pm
Property Features for 598 Grand Concourse The
General Information
- Standard status
- Active
- Size
- 5,857 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1929
Listing office American Investment Properties
Listing date Dec 10, 2024
Source Crexi
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 American Investment Properties
HighLights
- Fully‑occupied mixed‑use building.
- Located at 598 Grand Concourse, Bronx, NY.
- Zoned C4‑4, Bronx, (O9).
- 4‑story building with commercial and residential units.
- Restaurant tenant pays for water and sewer expenses.
- Tenants pay for electric and heat expenses.
Overview
Local Financial Insights For Apartment 5plus
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 | $260.1k | $44.40 |
| − Vacancy | −$15.1k | −$2.58 |
| EGI | $245.0k | $41.82 |
| − OpEx | −$110.2k | −$18.82 |
| NOI | $134.7k | $23.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9235
- Latitude
- 40.8208
