40
See all 40 photos
$2,350,000
Est. payment /mo
6,024 Sqft Lot
Active
365 E 197th ST Bronx, NY 10458
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1003030
Rental Info No
Year Built 1930
Annual Tax Amount $8,687
Lot Size 6,024 Sqft
Acres 0.1383
Property Sub-Type Mixed Use
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 6,200+ Sqft. Free Market Mixed-Use Building/Development Site With R7B Zoning For Sale!!! The Property Features Great Exposure, Excellent Signage, R7B Zoning, 10 Parking Spaces, High 8' Ceilings, (3) 3 Br. Apts., 4 Stories, 5 Car Garage, Full Basement, Low Property Taxes, All New LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Of The Bronx In Between Grand Concourse & Webster Ave. Right Near Fordham University!!! The Building Is Situated On A HUGE 6,000+ Sqft. Lot!!! Neighbors Include The Bronx Zoo, Starbucks, Chase Bank, TD Bank, Target, P.C. Richard & Son, CubeSmart Self Storage, Dunkin', AutoZone, Burlington, T.J. Maxx, Skechers, Walgreens, Chick-fil-A, Auntie Anne's, Krispy Kreme, White Castle, Midas, Five Below, Family Dollar, Aldi, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available)
Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann. (Available)
Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available)
5 Car Garage: $62,800 Ann. (Available)
10 Parking Spaces: $36,000 Ann. (Available)
Pro Forma Gross Income: $234,800 Ann.
Expenses:
Oil: $4,000 Ann.
Electric: $890 Ann. (Hallway Only)
Insurance: $3,845 Ann.
Taxes: $8,688 Ann.
Water & Sewer: $2,823 Ann.
Total Expenses: $20,496 Ann.
Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)
Income:
Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available)
Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann. (Available)
Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available)
5 Car Garage: $62,800 Ann. (Available)
10 Parking Spaces: $36,000 Ann. (Available)
Pro Forma Gross Income: $234,800 Ann.
Expenses:
Oil: $4,000 Ann.
Electric: $890 Ann. (Hallway Only)
Insurance: $3,845 Ann.
Taxes: $8,688 Ann.
Water & Sewer: $2,823 Ann.
Total Expenses: $20,496 Ann.
Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)
Location
State NY
County Bronx County
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Utilities Available Sewer Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
Elementary Schools Bedford Park Elementary School
High Schools Bronx 10
School District Bronx 10
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
GET MORE INFORMATION