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1285 Shakespeare Ave 2,697 SF 100% Leased Retail Building Bronx, NY 10452 $1,150,000 ($426.40/SF) 9.85% Cap Rate
Investment Highlights
- CORNER PROPERTY
- TALL COMMERICAL CEILING HEIGHT
- FULLY FREE MARKET
- GREAT ZONING
- ALL 3 BEDROOM RESIDENTIAL UNITS
Executive Summary
Delivered completely vacant, 1285 Shakespeare Ave presents a rare opportunity for investors, owner-users, and entrepreneurs seeking a highly versatile mixed-use asset with significant upside potential.
This three-story corner property features a spacious commercial space with soaring 17-foot ceilings, offering exceptional flexibility for a variety of business uses. The layout is particularly well-suited for a bodega, convenience store, neighborhood market, or retail operation, providing excellent visibility and exposure from its prominent corner location.
Above the commercial space are two residential units, each configured as a spacious 3-bedroom apartment, creating strong income-producing potential or the opportunity for owner occupancy.
Adding to its appeal, the property benefits from favorable zoning that may offer future value-add and redevelopment opportunities (buyers should conduct their own due diligence regarding zoning and development potential).
This three-story corner property features a spacious commercial space with soaring 17-foot ceilings, offering exceptional flexibility for a variety of business uses. The layout is particularly well-suited for a bodega, convenience store, neighborhood market, or retail operation, providing excellent visibility and exposure from its prominent corner location.
Above the commercial space are two residential units, each configured as a spacious 3-bedroom apartment, creating strong income-producing potential or the opportunity for owner occupancy.
Adding to its appeal, the property benefits from favorable zoning that may offer future value-add and redevelopment opportunities (buyers should conduct their own due diligence regarding zoning and development potential).
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,960
|
$49.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,960
|
$49.30
|
| Taxes |
$3,632
|
$1.35
|
| Operating Expenses |
$16,068
|
$5.96
|
| Total Expenses |
$19,700
|
$7.30
|
| Net Operating Income |
$113,260
|
$41.99
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $132,960 |
| Annual Per SF | $49.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,960 |
| Annual Per SF | $49.30 |
| Taxes | |
|---|---|
| Annual | $3,632 |
| Annual Per SF | $1.35 |
| Operating Expenses | |
|---|---|
| Annual | $16,068 |
| Annual Per SF | $5.96 |
| Total Expenses | |
|---|---|
| Annual | $19,700 |
| Annual Per SF | $7.30 |
| Net Operating Income | |
|---|---|
| Annual | $113,260 |
| Annual Per SF | $41.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,697 SF
Building Class
C
Year Built
1930
Price
$1,150,000
Price Per SF
$426.40
Cap Rate
9.85%
NOI
$113,260
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.04
Lot Size
0.03 AC
Zoning
R7-1 - Medium-density apartment house district with lower parking requirements
Frontage
Amenities
- Corner Lot
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02519-0026 | Total Assessment | $18,778 |
| Land Assessment | $3,027 | Annual Taxes | $3,632 ($1.35/SF) |
| Improvements Assessment | $15,751 | Tax Year | 2026 |
Property Taxes
Parcel Number
02519-0026
Land Assessment
$3,027
Improvements Assessment
$15,751
Total Assessment
$18,778
Annual Taxes
$3,632 ($1.35/SF)
Tax Year
2026
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1285 Shakespeare Ave
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