5586 Broadway $1,600,000

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    5586 Broadway BRONX, NY 10463

    • Commercial
    • MLS# H6114822
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    Views: 15 Days On Site: 117

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    Property Details

    Big brick mixed use investment property with large income potential. With conservative numbers an easy 10% cap and with potential for much more. Located right next to the 1 train at 231st street in Kingsbridge this is one of the Bronx's top neighborhoods, also walking distance to Manhattan and Riverdale and is appreciating quickly. -Street Level First Floor - Immaculate condition restaurant and bar. Just signed a 7 year lease at 10k rent with 3% annual increase. -Second Floor - $4,500 proposed rent. Can be built out to an office and apartment which can get $5500-$6000 total rent. -Third Floor - Currently a law office. -Tenants pay all utilities -Tenants pay all real estate tax increase.

    • General Features
      • County Or Parish Bronx
      • Property Sub Type Retail
      • Year Built 1925
    • Building Features
      • Building Area Units Square Feet
      • Construction Materials Brick
      • Cooling Central Air
      • Cooling Y/N true
      • Heating Natural Gas, Baseboard
      • Number Of Units Total 4
    • Property Features
      • Lot Size Units Acres
      • Sewer Public Sewer

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    Neighborhood

    10463 (BRONX) Demographics

    42 Median Age
    44,351 Population Density (per sq. mile)
    46% College Educated
    $60,397 Estimated Median Income
    9,451 Estimated Total Home Owners
    20,039 Estimated Total Renters
    32% / 68% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    70,236 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $325,000 Median Sales Price
    25 Homes Sold
    41 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,600,000
        5/10/2022 2:35:03 PM Price Reduced Source: Multiple Listing Service New Value: $1,600,000 -15.79%
        5/10/2022 2:35:03 PM Status Changed Source: Multiple Listing Service New Value: Pending
        4/20/2022 8:32:46 AM Price Increased Source: Multiple Listing Service New Value: $1,900,000 11.76%
        4/16/2022 4:03:00 PM New in Database Source: Multiple Listing Service New Value: $1,700,000

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        The data relating to real estate for sale or lease on this web site comes from the OneKey MLS. The information appearing herein has not been verified by the OneKey MLS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. Copyright 2022 OneKey MLS. All rights reserved.
        This data has been updated as of 8/11/2022 1:40:48 PM.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.