3765 Riverdale Avenue, Bronx, New York 10463
Riverdale Medical Pavilion
Map Content
Location Description
Blocks away from the City line
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Property Description
Prime Investment Opportunity!! A two-story 11,000 square foot elevator building consisting of 8 medical office suites, with 8,943 rentable square feet. 1,200 square feet can be rented or used by the owner. All units are gross leased. Possible development opportunity to build up to 33,792 square feet, with 22,000 square feet for residential use.
Property Details
| Price: | 4500000 |
| No. Units: | 8 |
| Building Size: | 7040 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Office |
| Property Sub-type: | Medical Office |
| Property Use Type: | Investment |
| Cap Rate: | 7.1168% |
| Gross Rent Multiplier: | |
| Occupancy: | 87% |
| No. Stories: | 2 |
| Year Built: | 1968 |
| Lot Size: | 7040 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
Financial Summary
| Scheduled Gross Income | $605000 |
| Effective Gross Income | $605000 |
| Operating Expenses | $284744 |
| Net Operating Income | $320256 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |