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4225 White Plains Rd
Bronx, NY 10466
Retail Property For Sale
Executive Summary
Kassin Sabbagh Realty is pleased to present the exclusive opportunity to acquire the fee simple interest in the two-tenant building located at 4225 White Plains Road in the Bronx, New York. The two-tenant building, fully leased to Planet Fitness and MPJ Barbershop, totals 8,850 square feet. Planet Fitness signed a rare 15-year lease, demonstrating its commitment to the site and the market. Planet Fitness has 14+ years remaining on its lease with three (3), 5-year renewal options. MPJ Barbershop has 8+ years remaining on its lease. Both tenants have modified net leases that provide attractive rent increases throughout the primary lease terms and renewal options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,850 SF
Building Class
C
Year Built/Renovated
1929/2013
Price
$10,500,000
Price Per SF
$1,186.44
Cap Rate
6.26%
NOI
$656,825
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.97
Lot Size
0.21 AC
Zoning
R6 - R6 is a medium-density residential zoning district.
Frontage
114’ on White Plains Rd
Property Taxes
| Parcel Number | 04995-0001 | Improvements Assessment | $940,630 |
| Land Assessment | $247,500 | Total Assessment | $1,188,130 |
Property Taxes
Parcel Number
04995-0001
Land Assessment
$247,500
Improvements Assessment
$940,630
Total Assessment
$1,188,130
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