321 Soundview Ave Bronx, NY 10473-3019
- Investment properties
- 2,075 SF
- 0.03 lot acres
Current Use by Public Records
- Investment properties
Property Details for 321 Soundview Ave
- Year built
- 1940
- Lot size
- 0.03 lot acres
- Property size
- 2,075 SF
- Zone code
- R3-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 03474-0063
- APU
- 34740063
Description
This exceptional mixed-use property, located at 321 Soundview Avenue in the Bronx, New York, presents a compelling investment opportunity. The building encompasses a generous 2,075 square feet situated on a 0.03-acre lot. The property's configuration includes two ground-floor retail spaces, currently available for immediate occupancy. These vacant storefronts offer significant potential for lease income generation, allowing new owners to customize tenant selection and lease terms to maximize returns. Above the retail spaces, a residential unit is currently leased, generating a monthly rental income of $2,388. This provides a stable, immediate cash flow stream. The basement area is partially finished, offering additional potential for expansion, storage, or further development to increase the property's overall value and utility. The asking price for this strategically located Bronx property is $798,888. This represents a strong value proposition in a rapidly developing area, offering a blend of immediate income and long-term growth potential. The property's mixed-use nature allows for diverse income streams and adaptability to changing market demands. This is an ideal opportunity for investors seeking a strong return on investment in a vibrant and up-and-coming neighborhood. The vacant retail spaces provide a blank canvas for creative entrepreneurs, while the existing rental income ensures a steady cash flow from day one. Don't miss this chance to acquire a valuable asset in a prime Bronx location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $600,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $645,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $555,000
- Retail
- $590,000
- Mixed-Use
- $590,000
- Hospitality
- $540,000
- Educational
- $570,000
- Residential Income
- $585,000
- Energy
- $660,000
- Income-Based Land
- $590,000
- Food Service
- $680,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8568
- Latitude
- 40.812
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
