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2752 Wallace Ave 4,182 SF 100% Leased Retail Building Bronx, NY 10467 $1,300,000 ($310.86/SF) 8.67% Cap Rate
Investment Highlights
- Four free market apartments delivered vacant
- There are three 1-bedroom apartments and one 3-bedroom apartment
- Ownership began renovations on the two third floor apartments but did not complete the work
- The building contains three floors built 20.5 ft x 68 ft and offers approximately 4,182 total square feet
- There is a two car garage in the rear accessible via a shared driveway
- The property is located within walking distance to the 2 and 5 subway lines and multiple bus routes
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 2752 Wallace Avenue. The subject property is located between Allerton Avenue and Arnow Avenue in the Allerton neighborhood of the Bronx.
The property offers four free market apartments, all will be delivered vacant. The building contains three floors built 20.5 ft x 68 ft and offers approximately 4,182 total square feet. There are three 1-bedroom apartments and one 3-bedroom apartment as well as a two car garage in the rear accessible via a shared driveway. Ownership began renovations on the two third floor apartments but did not complete the work.
The property is located within walking distance to the 2 and 5 subway lines and multiple bus routes. There is an abundance of retail on White Plains Road, Allerton Avenue and Boston Road.
The property offers four free market apartments, all will be delivered vacant. The building contains three floors built 20.5 ft x 68 ft and offers approximately 4,182 total square feet. There are three 1-bedroom apartments and one 3-bedroom apartment as well as a two car garage in the rear accessible via a shared driveway. Ownership began renovations on the two third floor apartments but did not complete the work.
The property is located within walking distance to the 2 and 5 subway lines and multiple bus routes. There is an abundance of retail on White Plains Road, Allerton Avenue and Boston Road.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,182 SF
Building Class
B
Year Built
1925
Price
$1,300,000
Price Per SF
$310.86
Cap Rate
8.67%
NOI
$112,697
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.60
Lot Size
0.06 AC
Zoning
R6
Frontage
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (91)
Bike Score®
Very Bikeable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04512-0026 | Improvements Assessment | $25,882 |
| Land Assessment | $8,095 | Total Assessment | $33,977 |
Property Taxes
Parcel Number
04512-0026
Land Assessment
$8,095
Improvements Assessment
$25,882
Total Assessment
$33,977
Contacts
-
Brian Davila -
Derek Bestreich -
Steve Reynolds -
John Loch -
Carson Brantley -
Katiuska Polanco -
Miguel Blasco
-
Investment Property Realty Group
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2752 Wallace Ave
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