116-118 Fifth Ave | Pelham, NY 10803
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116-118 Fifth Ave
Pelham, NY 10803
NNN lease AAA tenant For Sale · Office Property For Sale
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
6,600 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,300 SF
Slab To Slab
10’
Building FAR
0.74
Lot Size
0.21 AC
Zoning
B1
Parking
11 Spaces (1.67 Spaces per 1,000 SF Leased)
ABOUT 116-118 FIFTH AVE , PELHAM, NY 10803
8% cap rate with 3% annual increases – AAA Tenant 116 5th Avenue is a 6,600 square foot, two-story, single tenant building 100% leased. Triple net 5-year lease with 3% increases and a 5-year renewal option with predetermined rents. The initial lease term expires November 31, 2022. The property is situated on a 9,035 square foot lot and is in the Business-1 district zone. The building has 11 on-site parking spots. Located between Pelhamwood Avenue and 3rd Street on 5th Avenue in Pelham Village.
PROPERTY TAXES
| Parcel Number | 4403-163-036-00002-000-0017 | Improvements Assessment | $1,060,000 |
| Land Assessment | $280,000 | Total Assessment | $1,340,000 |
PROPERTY TAXES
Parcel Number
4403-163-036-00002-000-0017
Land Assessment
$280,000
Improvements Assessment
$1,060,000
Total Assessment
$1,340,000
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