2773-2775 Webster Ave
Bronx, NY 10458
Retail Property For Sale

Ikigai Realty is pleased to present this exclusive investment opportunity. Owner currently has 4 tenants and income from the billboard on the corner, all with sale clauses that end the lease upon sale if new owner wants them out. As well as a 90-day demolition clause. - There is approximately 3,000 sf of unused basement. - Two spaces are vacant due to renovation, one retail space along 198th st, approx 800 sf, and the entire second floor which is approx 4,000 sf. The second floor has a "Light Manufacturing" Certificate of Occupancy. - Gross Income: $282,000 per year at 50% vacancy rate. - Expenses: $50,000 per year (taxes, insurance, water) Tenants pay electric - NOI: $232,000 CAP RATE WITH 2 VACANCIES: 5.52% Owner is remodeling but will drop the work and sell immediately. - Tenants are a grocery store, bar, children's daycare, and barber shop - Total building size is 8,439 sf, max buildable for the lot is 17,719 sf This property sits across from Fordham University and the New York Botanical Garden. It has an unbeatable location with plenty of foot traffic and car traffic on Webster Avenue.