1106 Rev James A Polite AveThe Bronx, NY 10459
- Office properties
- 2,049 SF
Property Details for 1106 Rev James A Polite Ave
- Year built
- 1910
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 2,049 SF
- Zone code
- R7-1
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 02691-0077
- APU
- 26910077
Description
This exceptional commercial space, located at 1106 Rev James A Polite Ave in the Bronx, NY 10459, offers 1,600 to 1,700 square feet of well-maintained office space ideal for a variety of businesses. The property is situated in the Foxhurst neighborhood, a densely populated area with high foot traffic, making it perfect for retail or small business operations. The building's location benefits from proximity to residential buildings, local shops, and convenient public transportation, ensuring strong commercial viability. This single-tenant space is available for lease at a monthly rate of $5,500. The lease term is five years, with the tenant responsible for their own utilities and 25% of any property tax increases. Additionally, a one-month lease payment is required as a broker fee. The property type is classified as Retail, Office, and Industrial, with subtypes including Traditional Office, Executive Office, and Creative Office, and Storefront. The total building square footage is not specified. This is a fantastic opportunity to establish or expand your business in a thriving Bronx neighborhood.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $338,761
- 6.5%
- $312,702
- 7%
- $290,366
-
Comparable approach
- Method
- Valuation
- Relative Method
- $267,722
- Geo Method
- $267,722
-
Alternative Use
- Use
- Valuation
- Residential
- $387,751
- Hospitality
- $355,178
- Educational
- $295,504
- Medical
- $305,667
- Retail
- $459,672
Location Insight
- City
- Bronx
- County
- Bronx
- State
- New York
- Latitude
- 40.8261
- Longitude
- -73.8984
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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