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Vacant Store and 3 Bdrm Apartment + Low Taxes 4742 White Plains Rd 1,886 SF Vacant Retail Building Bronx, NY 10470 $899,000 ($476.67/SF) 7.94% Cap Rate
Investment Highlights
- Vacant Building.
- Opportunity to convert the 3 bedroom into 2 apartments.
- Extremely low taxes.
- Operate business from the store while collecting the income from apartment.
- Tenant pays their own heat.
Executive Summary
Vacant mixed-use property for sale. The top floor is a vacant 3 bedroom apartment. It can be converted into 2 apartments.
The tenant pays their own heat.
The store is also vacant.
Low taxes.
The building has extremely low expenses.
The building has 4,488 sq ft of air rights.
Opportunity to operate the store while collecting rent from the upstairs apartment.
Walk to train, buses, and shopping.
The tenant pays their own heat.
The store is also vacant.
Low taxes.
The building has extremely low expenses.
The building has 4,488 sq ft of air rights.
Opportunity to operate the store while collecting rent from the upstairs apartment.
Walk to train, buses, and shopping.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,886 SF
Building Class
C
Year Built
1931
Price
$899,000
Price Per SF
$476.67
Cap Rate
7.94%
NOI
$71,342
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.87
Lot Size
0.05 AC
Zoning
R6A - R6 - Medium density residential district
Frontage
53’ on White Plains Rd
Amenities
- Bus Line
- Metro/Subway
- Pylon Sign
- Signage
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05113-0026 | Improvements Assessment | $23,325 |
| Land Assessment | $4,458 | Total Assessment | $27,783 |
Property Taxes
Parcel Number
05113-0026
Land Assessment
$4,458
Improvements Assessment
$23,325
Total Assessment
$27,783
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Vacant Store and 3 Bdrm Apartment + Low Taxes | 4742 White Plains Rd