5731 Mosholu Ave The Bronx, NY 10471

Property Details for 5731 Mosholu Ave

Year built

1931

Lot size

0.02 lot acres

Property size

1,100 SF

Zone code

R4

Property type

Investment properties

Property subtype

Retail residential properties

APN

05858-0306

APU

58580306

Description

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.

Location Insight

City

Bronx

County

Bronx

State

New York

Longitude

-73.8996

Latitude

40.9058

CBSA code

35620

CBSA name

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

Property Tax & Assessments