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    5731 Mosholu Ave The Bronx, NY 10471

    Sponsored
    For Sale
    $950,000

    Prime Bronx Office, 7.51% Cap Rate

    Property size:
    1,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a two-unit, 1,650 square foot traditional office building located at 5731 Mosholu Avenue (with an alternate Spencer Avenue address) in the Bronx, New York (zip code 10471). Built in 1931, this two-story building boasts a 100% occupancy rate with six fully leased commercial units, generating a strong net operating income (NOI) exceeding $71,328, resulting in an attractive 7.51% capitalization rate. The asking price is $950,000. Leases are short-term gross leases. The property features a recently installed, energy-efficient, wifi-controlled six-head mini-split HVAC system throughout, eliminating the need for gas or oil. The building is fully electric, environmentally friendly, and includes perimeter security cameras. A non-smoking policy is in effect. The roof is in good condition with no leaks. This quiet, sunny corner location offers excellent visibility and accessibility, situated three blocks from Broadway on a major Riverdale thoroughfare. Conveniently located near the Henry Hudson Parkway, MTA and Westchester bus routes, and within one mile of the NYC Subway, this property provides exceptional value and potential for long-term growth.

    Property Features for 5731 Mosholu Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,650 SF

    Building Details

    Year Built
    1931
    Stories
    2
    Units
    2

    HighLights

    • Exceptional investment opportunity: Two‑unit, 1,650 sq ft office building in the Bronx, NY (10471), asking $950,000.
    • 100% occupancy with six leased commercial units, generating over $71,328 NOI and a 7.51% cap rate.
    • Short‑term gross leases.
    • Recently installed energy‑efficient, wifi‑controlled HVAC system; fully electric building with perimeter security cameras.
    • Excellent visibility at a quiet corner location, three blocks from Broadway, near major transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    wynFast.com Print Shop Felicita Quinones Marriage Or Relationship Counselor Open Minded-Counseling, Marriage ... Marriage Or Relationship Counselor

    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
    -73.8996181
    Latitude
    40.9057674

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Bronx Office, 7.51% Cap Rate
    Where is this office property / space located?
    The property is located at 5731 Mosholu Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two-unit, 1,650 sq ft office building in the Bronx, NY (10471), asking $950,000.; 100% occupancy with six leased commercial units, generating over $71,328 NOI and a 7.51% cap rate.; Short-term gross leases.
    (917) 586-0064
    Request Owner's contact information
    5731 Mosholu Ave The Bronx, NY 10471
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    The Bronx, NY 10471
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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
    5731 Mosholu Ave The Bronx, NY 10471
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