3797 Tremont AveThe Bronx, NY 10465

Property Details for 3797 Tremont Ave

Year built

1993

Lot size

0.05 AC

Property size (Sq ft)

3,080 SF

Zone code

R3A

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

05435-0010

APU

54350010

Description

This exceptional three-story commercial property, located at 3797 E Tremont Ave in the Bronx, NY (zip code 10465), offers a unique investment opportunity. The building encompasses a total of 3,080 square feet, situated on a 2,279 square foot lot. The property's zoning is R3A and C1-2, allowing for versatile usage. The ground floor features 1,100 square feet of retail or office space, ideal for a variety of businesses. Above the ground floor are three residential apartments; two are two-bedroom units, and one is a one-bedroom unit. This mixed-use property presents a compelling opportunity to generate income from both commercial and residential tenants. The building's strategic location in the Bronx offers excellent access to transportation and a thriving local community. This is a rare chance to acquire a multi-faceted property with significant potential for growth and return on investment. The property is ready for immediate occupancy and offers a solid foundation for a savvy investor seeking a blend of commercial and residential income streams. Serious inquiries are encouraged to explore this promising investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $509,216

  6.5%

  $470,046

  7%

  $436,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,433

  Geo Method

  $402,433

• Alternative Use

  Use

  Valuation

  Residential

  $582,856

  Hospitality

  $533,893

  Educational

  $444,193

  Medical

  $459,470

  Retail

  $690,967

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8252

Longitude

-73.8203

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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