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2526-2532 Boston Rd
Bronx, NY 10467
Retail Property For Sale
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).
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
Property Taxes
| Parcel Number | 04439-0012 | Improvements Assessment | $496,170 |
| Land Assessment | $110,700 | Total Assessment | $606,870 |
Property Taxes
Parcel Number
04439-0012
Land Assessment
$110,700
Improvements Assessment
$496,170
Total Assessment
$606,870
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