For Sale
$1,699,000

2918 Bronx BlvdThe Bronx, NY 10467

High-yield Bronx property, 7% CAP rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property in Throggs Neck, Bronx, NY (10467), presents a compelling investment opportunity. Located at 2918 Bronx Blvd, this well-maintained building boasts 4,576 square feet on a 2,500 square foot lot, offering a strong 7.01% capitalization rate and a current NOI of $119,044. The property includes three units: two sizable, free-market three-bedroom apartments, each exceeding 1,500 square feet, and a restaurant/bar. Each apartment features a convenient, coin-operated Whirlpool washing machine. The restaurant/bar contributes significantly to the property's income, covering 33% of the real estate taxes and water costs. The building enjoys 100% occupancy and an excellent history of rent collection, making it an attractive and stable investment. The asking price is $1,699,000, translating to $371.28 per square foot. This property offers a rare blend of residential and commercial income streams in a desirable Bronx location.

Property Details for 2918 Bronx Blvd

Property type
Retail properties, Mixed-use properties
Square Feet
4,576 SF
Units
3

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8717089
Longitude
-73.8701379
2918 Bronx Blvd, The Bronx, New York

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2918 Bronx Blvd
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