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1908-1914 Cross Bronx 3,250 SF 100% Leased Retail Building Bronx, NY 10472 $2,000,000 ($615.38/SF) 5.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Potential Development site with 23,075 square feet of air rights
EXECUTIVE SUMMARY
Block & Lot: 03794-0120, Zoning: R6 / C1-2, Lot Dimensions: 50 x 149.54 (Irregular), Lot Size: 6,750 Sq. Ft.
FAR: 3.9, Buildable: 26,325 Sq. Ft., Existing Footage: 3,250, Air Rights: 23,075
Building Dimensions: 50 x 120 Ft., Building Size: 3,250 Sq. Ft., Stories: 1, Units: 3
Located on the south side of East 177th Street between Newbold Avenue and Hugh J. Grant Circle. Access to the 6 line Subway. Built in 1925, one story retail building with 3 stores and 3 tenants:
Tenants:
Pay-O-Matic: Monthly rent $6,000 / Annual Rent $72,000 – Leases expiration 11/30/31 with 3% annual escalations
VIP Barber Shop & Spa LLC: Monthly rent $2,654 / Annual Rent $31,848 – Lease expires 06/30/2030
Manny’s Unisex: Monthly rent $3,130.04 / Annual rent $37,560.48 – Lease expires 12/13/2029
Gross Annual Rental Income: $141,408.48 + Tax Reimbursement $576 + Water/Sewer Reimbursement $1,356
Total Gross Income: $143,340.48
Operating Expenses $42,099.20: Taxes $32,173.20 + Water/Sewer $1,915+ Insurance $8,011
NOI: $101,241.28 Annually
FAR: 3.9, Buildable: 26,325 Sq. Ft., Existing Footage: 3,250, Air Rights: 23,075
Building Dimensions: 50 x 120 Ft., Building Size: 3,250 Sq. Ft., Stories: 1, Units: 3
Located on the south side of East 177th Street between Newbold Avenue and Hugh J. Grant Circle. Access to the 6 line Subway. Built in 1925, one story retail building with 3 stores and 3 tenants:
Tenants:
Pay-O-Matic: Monthly rent $6,000 / Annual Rent $72,000 – Leases expiration 11/30/31 with 3% annual escalations
VIP Barber Shop & Spa LLC: Monthly rent $2,654 / Annual Rent $31,848 – Lease expires 06/30/2030
Manny’s Unisex: Monthly rent $3,130.04 / Annual rent $37,560.48 – Lease expires 12/13/2029
Gross Annual Rental Income: $141,408.48 + Tax Reimbursement $576 + Water/Sewer Reimbursement $1,356
Total Gross Income: $143,340.48
Operating Expenses $42,099.20: Taxes $32,173.20 + Water/Sewer $1,915+ Insurance $8,011
NOI: $101,241.28 Annually
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$105,775
|
$32.55
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $105,775 |
| Annual Per SF | $32.55 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,250 SF
Building Class
C
Year Built
1925
Price
$2,000,000
Price Per SF
$615.38
Cap Rate
5.06%
NOI
$101,241
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.15 AC
Zoning
C1/R6 - FAR: 3.9
Buildable: 26,325 Sq. Ft.
Existing Footage: 3,250
Air Rights: 23,075
Frontage
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Manny's Unisex
- Services
- -
- -
- Dec 2029
- Pay-O-Matic
- Services
- -
- -
- Nov 2027
- VIP Barber Shop Moises Corp
- Services
- -
- -
- Jun 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Manny's Unisex | Services | - | - | Dec 2029 | ||
| Pay-O-Matic | Services | - | - | Nov 2027 | ||
| VIP Barber Shop Moises Corp | Services | - | - | Jun 2030 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03794-0120 | Improvements Assessment | $249,570 (2025) |
| Land Assessment | $55,890 (2025) | Total Assessment | $305,460 (2025) |
PROPERTY TAXES
Parcel Number
03794-0120
Land Assessment
$55,890 (2025)
Improvements Assessment
$249,570 (2025)
Total Assessment
$305,460 (2025)
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1908-1914 Cross Bronx
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