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    FOR LEASE
    Auto shops

    3981 Boston Rd, New York City, NY 10466

    2,788 SF 0.5 ac lot Built 1931
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US63-2683572
    Property summary
    AI-generated overview

    This exceptional property at 3981 Boston Road presents a unique opportunity for a variety of businesses. The offering includes a 3,000 square foot showroom/warehouse building situated on a substantial 19,000 square foot lot. The property boasts several key features that make it highly desirable. The lot is fully gated and paved, providing enhanced security and ease of access. Convenient drive-in access is available throughout the property, facilitating efficient loading and unloading. Furthermore, the property benefits from double street access, offering increased visibility and convenient ingress/egress. The M1-1 zoning allows for a range of uses, making it ideal for dealerships, showroom/vehicle storage facilities, rental companies, and various retail applications. The combination of building space and expansive land provides significant flexibility for a wide array of business needs. The property's prime corner location on Boston Road ensures high visibility and accessibility. This is a rare opportunity to acquire a well-situated industrial property with significant potential. The Assessor's Parcel Number (APN) is 4943-1. The property is currently listed as single-tenant occupancy.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1931
    Total area 2,788 SF
    Lot 0.5 ac (21,700 SF)
    Zoning code M1-1
    APN 04943-0001
    UPID US63-2683572
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 26 Motors Bronx (Lot 2) Car Dealership
    • 95 Auto - Used Vehicle Super Center Car Dealership
    • 26 Motors Bronx (Lot 4) Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $430k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $619k
    Blend (final) Blend
    $525k
    Owner & transaction history
    Mount Sinai Properties INC · 12 yrs held
    Mount Sinai Properties INC
    since 2013
    1 recorded transaction
    2013
    $955,000
    Zoning & alternative use
    M1-1 · Bronx, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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