For Sale: Corner Mixed-Use Building | 3844 White Plains Road, Bronx, NY 10467
Click to View Property Brochure for 3844 White Plains Road
Contact Exclusive Broker:
Jeremy Nuss, Licensed RE Salesperson | Click to Email Broker
Asking Price $875,000
Cap Rate: 6.08%
Price Built SF: $280
Price per Buildable SF: $154
Lot Dimensions: 23.5′ x 80.83′
Lot SF: 1,900 SF
Building Class: S2
Fully Occupied Corner Mixed-Use Building.
Large Units with Three Sides of Light & Air
New Retail Lease and Four Dedicated Parking Spaces
The subject property is a corner mixed use building consisting of two full floor apartments over ground floor vented retail with gated parking for two vehicles. It is located on the White Plains Rd retail corridor, near the 219 th St 2,5 trains and North Central Bronx NYC Health + Hospitals The building was updated approximately four years ago with a new hot water heater and two high efficiency gas boilers. It is fully occupied, and all units are separately metered. Tenants pay for their own utilities, but the Landlord pays for heat. The current gross income is $72,000.
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The Investment Sales team at Schuckman Realty Inc. brings vast and nuanced market knowledge, insight, and ingenuity to your portfolio from inception to completion.
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About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey and the surrounding tri-state area. Schuckman has developed a reputation as a leading retail broker and developer in the New York Metro area, with special expertise in developments, redevelopments, and renovations in all Five Boroughs of New York City and Long Island. As a strategic planner of retail stores, shopping centers and boutique projects, Schuckman has been responsible for tens of millions of square feet of leasing and development and has been hired by numerous national retail chains to facilitate macro–market penetration. We attribute our success to our intimate team’s proficiency in market analysis and site planning, in addition to tireless dedication and extensive experience from both sides of the table.
Keywords: Real Estate Sales, Building For Sale, Commercial Real Estate, Multi-family Sales, Mixed Use Building, Building for Sale