4702 White Plains RdBronx, NY 10470

Property Details for 4702 White Plains Rd

Year built

1930

Property size (Sq ft)

2,830 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This single-tenant, mixed-use property at 4702 White Plains Rd, Bronx, NY 10470, presents a compelling investment opportunity. The 2,800 square foot building, constructed in 1930, sits on a 3,192 square foot lot and is zoned R6A-C2-2. Currently vacant, it offers significant upside potential with a pro-forma NOI of $97,200 and a 5.72% pro-forma cap rate. The asking price is $1,700,000, translating to $600.71 per square foot. A key feature is the substantial 6,700 square feet of available air rights, allowing for future expansion or development. The property's single-story design and single unit simplify management. Financial projections indicate a total yearly gross income of $101,400 and total yearly expenses of $4,200. This presents a rare chance to acquire a well-located Bronx property with considerable growth potential. The property's Class C designation and its location in Bronx County offer investors a chance to capitalize on the area's ongoing development. The vacant status allows for immediate customization to suit a variety of retail tenants. This is an exceptional opportunity for investors seeking a strong return on investment in a rapidly evolving market.

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.9036

Longitude

-73.8498

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