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312-316 City Island Ave 8,032 SF 100% Leased Retail Building Bronx, NY 10464 $2,100,000 ($261.45/SF)
INVESTMENT HIGHLIGHTS
- 4 Retail Units + 4 apartments in excellent renovated condition modern systems.
EXECUTIVE SUMMARY
Mixed Use Property comprised pf 4 store fronts and 4 apartments .
Newly approved plan for expansion of property already approved Fully Renovated Pending New Certificate of Occupancy .
Separate Utilities
Tax Grievance in process tax is currently $ 75,000 for the year 2024.
Newly approved plan for expansion of property already approved Fully Renovated Pending New Certificate of Occupancy .
Separate Utilities
Tax Grievance in process tax is currently $ 75,000 for the year 2024.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$217,200
|
$27.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$217,200
|
$27.04
|
| Taxes |
$75,000
|
$9.34
|
| Operating Expenses |
$42,780
|
$5.33
|
| Total Expenses |
$117,780
|
$14.66
|
| Net Operating Income |
$99,420
|
$12.38
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $217,200 |
| Annual Per SF | $27.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $217,200 |
| Annual Per SF | $27.04 |
| Taxes | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $9.34 |
| Operating Expenses | |
|---|---|
| Annual | $42,780 |
| Annual Per SF | $5.33 |
| Total Expenses | |
|---|---|
| Annual | $117,780 |
| Annual Per SF | $14.66 |
| Net Operating Income | |
|---|---|
| Annual | $99,420 |
| Annual Per SF | $12.38 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,032 SF
Building Class
C
Year Built/Renovated
1931/2024
Price
$2,100,000
Price Per SF
$261.45
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.15 AC
Frontage
75’ on City Island Ave
AMENITIES
- Conferencing Facility
- Courtyard
- Fenced Lot
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Balcony
- Smoke Detector
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05644-0003 | Total Assessment | $715,590 (2025) |
| Land Assessment | $99,180 (2025) | Annual Taxes | $75,000 ($9.34/SF) |
| Improvements Assessment | $616,410 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05644-0003
Land Assessment
$99,180 (2025)
Improvements Assessment
$616,410 (2025)
Total Assessment
$715,590 (2025)
Annual Taxes
$75,000 ($9.34/SF)
Tax Year
2024
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Presented by
Direct Choice Realty
312-316 City Island Ave
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