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918 Pelham Pky S 3,500 SF 100% Leased Office Building Bronx, NY 10462 $2,195,000 ($627.14/SF) 6.19% Cap Rate
Executive Summary
918 Pelham Parkway South is two story, 3,500 SF office building with on-site parking located on the southwest corner of Pelham Parkway South and Bogart Avenue in the Pelham Parkway section of The Bronx. The building features four office units and is 100% leased. The property benefits from 70’ of frontage on Bogart Avenue, 25’ of frontage along Pelham Pkwy. Close proximity to the Bronx River Parkway and the Hutchinson River Parkway. The building is also easily accessible by the 2 & 5 subway lines as well as numerous bus lines including the Bx12, Bx22, and Bx39. 918 Pelham Parkway South provides an ideal opportunity for an investor or owner user.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$198,021
|
$56.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$198,021
|
$56.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$62,146
|
$17.76
|
| Net Operating Income |
$135,875
|
$38.82
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $198,021 |
| Annual Per SF | $56.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $198,021 |
| Annual Per SF | $56.58 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $62,146 |
| Annual Per SF | $17.76 |
| Net Operating Income | |
|---|---|
| Annual | $135,875 |
| Annual Per SF | $38.82 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
3,500 SF
Building Class
B
Year Built/Renovated
1952/2021
Price
$2,195,000
Price Per SF
$627.14
Cap Rate
6.19%
NOI
$135,875
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,750 SF
Building FAR
1.34
Lot Size
0.06 AC
Zoning
R6 - Residential
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ahmed Orthodontics
- Health Care and Social Assistance
- -
- -
- -
- Dr. Hugo Morales
- Health Care and Social Assistance
- -
- -
- -
- Grameen America
- Finance and Insurance
- -
- -
- -
- Treitel & Green
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ahmed Orthodontics | Health Care and Social Assistance | - | - | - | ||
| Dr. Hugo Morales | Health Care and Social Assistance | - | - | - | ||
| Grameen America | Finance and Insurance | - | - | - | ||
| Treitel & Green | Health Care and Social Assistance | - | - | - |
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Walk Score®
Very Walkable (86)
Transit Score®
Rider's Paradise (91)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 04324-0042 | Improvements Assessment | $387,000 |
| Land Assessment | $45,900 | Total Assessment | $432,900 |
Property Taxes
Parcel Number
04324-0042
Land Assessment
$45,900
Improvements Assessment
$387,000
Total Assessment
$432,900
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918 Pelham Pky S
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