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1 Terrace View Ave 3,969 SF 100% Leased Retail Building Bronx, NY 10463 $1,400,000 ($352.73/SF) 5.66% Cap Rate
Investment Highlights
- Built in 2006 – newer construction, excellent condition/High ceilings & central heating/cooling on every floor?
- Ground floor features a well-established laundromat operating for nearly 15 years, offering long-term, steady cash flow
- Cellar with exterior windows – great light and ventilation
Executive Summary
A key highlight of this fully income-producing building at 1 Terrace View Ave is the ground-floor laundromat, a well-established business operating for nearly 15 years with loyal customers and steady cash flow — offering a unique opportunity for an investor to step in as the laundromat owner. Built in 2006, the property features modern construction, high ceilings, central heating and cooling on every floor, and a bright cellar with exterior windows. With three stable tenants, this building offers strong, consistent returns and is ideal for investors seeking immediate income, long-term appreciation, or a 1031 exchange
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,969 SF
Building Class
B
Year Built
2006
Price
$1,400,000
Price Per SF
$352.73
Cap Rate
5.66%
NOI
$79,278
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.09 AC
Zoning
M1-1 - This building has a retail store CO on the first floor and in the cellar, and an office CO on the second floor.
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2215-0181 | Improvements Assessment | $382,770 |
| Land Assessment | $23,850 | Total Assessment | $406,620 |
Property Taxes
Parcel Number
2215-0181
Land Assessment
$23,850
Improvements Assessment
$382,770
Total Assessment
$406,620
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1 Terrace View Ave
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