About This Home
This 0-bedroom, 0-bathroom commercial at 365 E 197th Street in Bronx, NY is listed for $2,350,000. Built in 1930, on a 0.14 acres lot.
Key Features
- Built in 1930
- 0.14 acre lot
Property Details
Calling All Investors, Developers & End-Users!!! 6,200+ Sqft. Free Market Mixed-Use Building/Development Site With R7B Zoning For Sale!!! The Property Features Great Exposure, Excellent Signage, R7B Zoning, 10 Parking Spaces, High 8' Ceilings, (3) 3 Br.
Apts., 4 Stories, 5 Car Garage, Full Basement, Low Property Taxes, All New LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Of The Bronx In Between Grand Concourse & Webster Ave. Right Near Fordham University!!! The Building Is Situated On A HUGE 6,000+ Sqft.
Lot!!! Neighbors Include The Bronx Zoo, Starbucks, Chase Bank, TD Bank, Target, P.C. Richard & Son, CubeSmart Self Storage, Dunkin', AutoZone, Burlington, T.J. Maxx, Skechers, Walgreens, Chick-fil-A, Auntie Anne's, Krispy Kreme, White Castle, Midas, Five Below, Family Dollar, Aldi, +++!!!
The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt. 1 (3 Br., 2 Bath): $45,600 Ann. (Available) Apt. 2 (3 Br., 1.5 Bath): $46,800 Ann.
(Available) Apt. 3 (3 Br., 1.5 Bath): $43,600 Ann. (Available) 5 Car Garage: $62,800 Ann. (Available) 10 Parking Spaces: $36,000 Ann. (Available) Pro Forma Gross Income: $234,800 Ann. Expenses: Oil: $4,000 Ann. Electric: $890 Ann. (Hallway Only) Insurance: $3,845 Ann. Taxes: $8,688 Ann. Water & Sewer: $2,823 Ann. Total Expenses: $20,496 Ann. Net Operating Income (NOI): $214,304 Ann. (Pro Forma 9.12 Cap!!!)
Monthly Cost Estimate
$12,568/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
365 E 197th Street
Bronx, NY 10458
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 365 E 197th Street is listed at $2,350,000. The estimated monthly payment is $12,568 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.14 acre lot.
This property is listed by Richard Matt Shane and can be reached at 5162798828.
