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777 Burke Ave 3,916 SF 100% Leased Retail Building Bronx, NY 10467 $999,999 ($255.36/SF) 7.55% Cap Rate
Investment Highlights
- 777 Burke Avenue is a brick three-family house located in the Williamsbridge section of the Bronx
- The current unit mix is comprised of two 1-bedroom units, and one 3-bedroom apartment
- The property is located within walking distance to the Burke Avenue subway station (2,5)
- The property consists of three apartments with a full basement allowing you the potential to add an additional unit
- building benefits from already having renovated units allowing almost no work to be done by the new purchaser
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to arrange the sale of 777 Burke Avenue, a brick three-family house located in the Williamsbridge section of the Bronx.
The property consists of three apartments with a full basement allowing you the potential to add an additional unit. The current unit mix is comprised of two 1-bedroom units, and one 3-bedroom apartment. This building benefits from already having renovated units allowing almost no work to be done by the new purchaser.
The property is located within walking distance to the Burke Avenue subway station (2,5).
The property consists of three apartments with a full basement allowing you the potential to add an additional unit. The current unit mix is comprised of two 1-bedroom units, and one 3-bedroom apartment. This building benefits from already having renovated units allowing almost no work to be done by the new purchaser.
The property is located within walking distance to the Burke Avenue subway station (2,5).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,916 SF
Building Class
C
Year Built
1905
Price
$999,999
Price Per SF
$255.36
Cap Rate
7.55%
NOI
$75,487
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.62
Lot Size
0.06 AC
Zoning
R6
Frontage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04603-0027 | Improvements Assessment | $23,934 |
| Land Assessment | $4,116 | Total Assessment | $28,050 |
Property Taxes
Parcel Number
04603-0027
Land Assessment
$4,116
Improvements Assessment
$23,934
Total Assessment
$28,050
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