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    1908 Cross Bronx Service Rd The Bronx, NY 10472

    Sponsored
    For Sale
    $2,250,000

    High-NOI, Multi-Tenant Storefront

    Property size:
    6,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Bronx investment property presents a compelling opportunity for astute investors. Located at 1908 Cross Bronx Service Rd S, The Bronx, NY 10472, this single-story, 6,750 square foot retail building sits on a 6,750 square foot lot (50 x 149.54 ft, irregular). Currently housing three tenants—Pay-O-Matic, VIP Barber Shop & Spa LLC, and Manny's Unisex—the property generates a substantial net operating income (NOI) of $106,529 annually. The existing leases offer a mix of terms, with expirations ranging from 2024 to 2030, including renewal options. The property boasts a strong gross annual income of $142,969, supplemented by $2,124 in reimbursements, offset by operating expenses of $38,564. The property is zoned R6/C1-2, offering significant development potential. With a 3.0 FAR and a buildable area of 20,250 square feet, plus 17,000 square feet of air rights, this property presents a rare chance to capitalize on both existing income and future development possibilities. The asking price is $2,250,000, translating to $333.33 per square foot. Conveniently located near the 6 line subway, this property offers excellent accessibility and visibility. Property taxes for 2022/2023 were $31,187. The APN is 03794-0120. This is a turnkey investment with immediate cash flow and substantial long-term upside.

    Property Features for 1908 Cross Bronx Service Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,750 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • 6,750 SF retail building on a 6,750 SF lot (50 x 149.54 ft, irregular) in The Bronx, NY.
    • Three tenants (Pay‑O‑Matic, VIP Barber Shop & Spa LLC, and Manny's Unisex) generate a $106,529 annual NOI.
    • Strong gross annual income of $142,969, with $2,124 in reimbursements and $38,564 in operating expenses.
    • Zoned R6/C1‑2, offering 20,250 buildable SF and 17,000 SF of air rights (3.0 FAR).
    • Asking price: $2,250,000 ($333.33/SF).
    • Excellent accessibility near the 6 line subway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8598277
    Latitude
    40.8325931

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    FAQs

    What type of property is this?
    Individual retail property - High-NOI, Multi-Tenant Storefront
    Where is this individual retail property located?
    The property is located at 1908 Cross Bronx Service Rd The Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 6,750 SF retail building on a 6,750 SF lot (50 x 149.54 ft, irregular) in The Bronx, NY.; Three tenants (Pay-O-Matic, VIP Barber Shop & Spa LLC, and Manny's Unisex) generate a $106,529 annual NOI.; Strong gross annual income of $142,969, with $2,124 in reimbursements and $38,564 in operating expenses.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1908 Cross Bronx Service Rd The Bronx, NY 10472
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