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598 Grand Concourse 5,857 SF 100% Leased Office Building Bronx, NY 10451 $2,100,000 ($358.55/SF) 7.59% Cap Rate
Investment Highlights
- For Sale: 4-Story Mixed-Use Building Consisting of Commercial and Residential Units.
- Restaurant Tenant Pays for Water and Sewer, All Tenants Pay for Electric and Heat.
- Surrounded by Various Neighborhood Retail and Amenities such as McDonald's, Chinese Restaurant, Italian Restaurant, Clothing Stores, Schools, & More.
- Zoned for C4-4, Bronx, (O9).
- Located Within Walking Distance to the 149 St - Grand Concourse Subway Station.
Executive Summary
At this location is a 4-story mixed-use building composed of commercial and residential units. The building is zoned for C4-4, Bronx, (O9) and is currently fully-occupied. The restaurant tenant pays for the water and sewer expenses and all of the tenants pay for the electric and heat expenses.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
5,857 SF
Building Class
C
Year Built
1929
Price
$2,100,000
Price Per SF
$358.55
Cap Rate
7.59%
NOI
$159,400
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,464 SF
Building FAR
2.24
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-4, Bronx, (O9)
Amenities
- Restaurant
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Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 02443-0042 | Improvements Assessment | $355,860 |
| Land Assessment | $40,500 | Total Assessment | $396,360 |
Property Taxes
Parcel Number
02443-0042
Land Assessment
$40,500
Improvements Assessment
$355,860
Total Assessment
$396,360
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598 Grand Concourse
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