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2918 Bronx Blvd The Bronx, NY 10467

Sponsored
For Sale
$1,699,000

High-yield Bronx property, 7% CAP rate.

Property size:
4,576 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional mixed-use property in Throggs Neck, Bronx, NY (10467), presents a compelling investment opportunity. Located at 2918 Bronx Blvd, this well-maintained building boasts 4,576 square feet on a 2,500 square foot lot, offering a strong 7.01% capitalization rate and a current NOI of $119,044. The property includes three units: two sizable, free-market three-bedroom apartments, each exceeding 1,500 square feet, and a restaurant/bar. Each apartment features a convenient, coin-operated Whirlpool washing machine. The restaurant/bar contributes significantly to the property's income, covering 33% of the real estate taxes and water costs. The building enjoys 100% occupancy and an excellent history of rent collection, making it an attractive and stable investment. The asking price is $1,699,000, translating to $371.28 per square foot. This property offers a rare blend of residential and commercial income streams in a desirable Bronx location.

Property Features for 2918 Bronx Blvd

General Information

Property type
Mixed-use properties
Square Feet
4,576 SF

Building Details

Units
3

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

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
-73.8701379
Latitude
40.8717089

FAQs

What type of property is this?
Mixed-use property - High-yield Bronx property, 7% CAP rate.
Where is this mixed-use property located?
The property is located at 2918 Bronx Blvd The Bronx, NY.
What is the asking price?
The asking price for this property is $1,699,000.
More about this property
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