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2526-2532 Boston Rd 10,030 SF 90% Leased Retail Building Bronx, NY 10467 $3,000,000 ($299.10/SF) 8.03% Cap Rate
INVESTMENT HIGHLIGHTS
- The property sits on 60 ft of frontage on the corner of Boston Road and Wallace Avenue.
- The building is within walking distance of the Allerton subway station (2,5).
EXECUTIVE SUMMARY
The commercial building is made up of 6 retail spaces on the ground floor, and 5 office suites on the second floor. There are currently 5 out of the 6 retail spaces that are rented, and the second floor of office space has 1 out of the 5 suites rented. This is a perfect opportunity for an investor to come in and capture the upside in the vacant spaces or an owner user looking to utilize a portion of the building for their business.
Built in 1929, the building is a total of 10,030 square feet. The property sits on 60 ft of frontage on the corner of Boston Road and Wallace Avenue.
The building is within walking distance of the Allerton subway station (2,5).
Built in 1929, the building is a total of 10,030 square feet. The property sits on 60 ft of frontage on the corner of Boston Road and Wallace Avenue.
The building is within walking distance of the Allerton subway station (2,5).
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$329,589
|
$32.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$60,000
|
$5.98
|
| Effective Gross Income |
$269,589
|
$26.88
|
| Taxes |
$65,500
|
$6.53
|
| Operating Expenses |
$35,500
|
$3.54
|
| Total Expenses |
$101,000
|
$10.07
|
| Net Operating Income |
$168,589
|
$16.81
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $329,589 |
| Annual Per SF | $32.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $5.98 |
| Effective Gross Income | |
|---|---|
| Annual | $269,589 |
| Annual Per SF | $26.88 |
| Taxes | |
|---|---|
| Annual | $65,500 |
| Annual Per SF | $6.53 |
| Operating Expenses | |
|---|---|
| Annual | $35,500 |
| Annual Per SF | $3.54 |
| Total Expenses | |
|---|---|
| Annual | $101,000 |
| Annual Per SF | $10.07 |
| Net Operating Income | |
|---|---|
| Annual | $168,589 |
| Annual Per SF | $16.81 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,030 SF
Building Class
C
Year Built
1929
Price
$3,000,000
Price Per SF
$299.10
Cap Rate
8.03%
NOI
$240,920
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.64
Lot Size
0.14 AC
Zoning
C8-1 - General Service Commercial Zoning
Frontage
AMENITIES
- Bus Line
- Metro/Subway
- Security System
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Five (3) Office Spaces available at this location on the 2nd -Top floor. Prices range from $2100 -$2300.00 /month- Move-In condition. Keys available. For immediate viewing, please call Owen Thompson at 917-991-2991 or email n0n987@yahoo.com. Looking for 5 year term Thanks!
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 1,000 SF | Office | - | Now |
2nd Floor
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 1,000 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Five (3) Office Spaces available at this location on the 2nd -Top floor. Prices range from $2100 -$2300.00 /month- Move-In condition. Keys available. For immediate viewing, please call Owen Thompson at 917-991-2991 or email n0n987@yahoo.com. Looking for 5 year term Thanks!
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (90)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04439-0012 | Total Assessment | $606,870 (2025) |
| Land Assessment | $110,700 (2025) | Annual Taxes | $65,500 ($6.53/SF) |
| Improvements Assessment | $496,170 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
04439-0012
Land Assessment
$110,700 (2025)
Improvements Assessment
$496,170 (2025)
Total Assessment
$606,870 (2025)
Annual Taxes
$65,500 ($6.53/SF)
Tax Year
2024
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2526-2532 Boston Rd
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