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.
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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.