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$ 10,500,000
Est. payment /mo
New
3480-3490 Boston RD Bronx, NY 10469
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY854601
Originating Board onekey2
Rental Info No
Annual Tax Amount $120,526
Property Sub-Type Retail
Property Description
Calling All Investors, Developers & End-Users!!! 12,500 Sqft. Block Long Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 23 Parking Spaces, High 14' Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Only Blocks From I-95 & The Gun Hill Road Train Station!!! Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Harbor Freight Tools, Planet Fitness, Popeye's Louisiana Kitchen, Golden Krust, Aldi, +++!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Investment Property Or The Next Home For Your Business!!!
Income:
Domino's (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes.
USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option.
M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes.
Corner Lot + Building (10,000 Sqft.): $450,000 Ann. NNN (Available)
Pro Forma Gross Income: $763,498.44 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $8,296 Ann.
Taxes: $120,256 Ann.
Total Expenses: $128,702 Ann.
Tax Rebate (Paid By The Stores): $90,192 Ann.
Pro Forma Net Operating Income (NOI): $724,988.44 Ann.
Income:
Domino's (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes.
USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option.
M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes.
Corner Lot + Building (10,000 Sqft.): $450,000 Ann. NNN (Available)
Pro Forma Gross Income: $763,498.44 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $8,296 Ann.
Taxes: $120,256 Ann.
Total Expenses: $128,702 Ann.
Tax Rebate (Paid By The Stores): $90,192 Ann.
Pro Forma Net Operating Income (NOI): $724,988.44 Ann.
Location
State NY
County Bronx County
Interior
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp