4125 & 4127 White Plains Road, Bronx, New York 10466
Prime Retail Location Mixed-Use Property- Wakefield Bronx
Map Content
Location Description
Blocks away from the City line
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Property Description
2 Contiguous 2-story walkup Mixed-Use Buildings. Each building consists of 2 residential units and 1 retail unit for a total of 4 residential and 2 retail units (Deli Convenience Store & Hair Salon Store). There is also a garage with parking for 3 cars. The properties are located in the Wakefield Section of Bronx with easy access to all transportation and only 45 minutes to NYC. This Property is an Excellent Development Opportunity. FUTURE PROJECTED IF BUILD 10/1 BEDROOM UNITS. Projections are based on construction of 2 adjacent buildings each with 5 apartments and a store to avoid the parking requirement. 11,702 Square feet Buildable.
Property Details
| Price: | 2200000 |
| No. Units: | 6 |
| Building Size: | 4816 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Retail-Commercial |
| Property Sub-type: | Retail-Commercial (Other) |
| Property Use Type: | Any Use - All Of The Above |
| Cap Rate: | 0.08375727272727272% |
| Gross Rent Multiplier: | |
| Occupancy: | 50% |
| No. Stories: | 2 |
| Year Built: | 1930 |
| Lot Size: | 4816 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
| 1 Bedroom | 4 | |
| Deli | ||
| Hair Salon | ||
Financial Summary
| Scheduled Gross Income | $0 |
| Effective Gross Income | $202188 |
| Operating Expenses | $17922 |
| Net Operating Income | $184266 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |