Active

3573 Laconia Avenue

BRONX NY, 10469

$7,688,000


Active

Commercial

Built in 2022

Calling All Investors, Developers & End-Users!!! 16,896 Sqft. 20 Unit Apartment Building With Private Gated Parking In The Bronx For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 13 Parking Spaces In a Private Gated Lot, Bicycle Storage, Basement, High 8' Ceilings, Strong R5D Zoning, All New LED Lighting, Separate Meters, 3 Phase Power, Sprinklers, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Bronx River Parkway Off E. Gun Hill Road!!! Neighbors Include Toyota, Nissan, YMCA, The Home Depot, L.A. Fitness, Macy's, Dunkin', Walgreens, Wendy's, Aldi, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Apt. 1A: $27,600 Ann.; Lease Exp.: 7/31/24. Legal Rent: $37,920 Ann. Apt. 1B: $27,600 Ann.; Lease Exp.: 9/14/24. Legal Rent: $37,920 Ann. Apt. 2A: $28,200 Ann.; Lease Exp.: 7/31/24. Legal Rent: $37,920 Ann. Apt. 2B: $27,369.60 Ann.; Lease Exp.: 8/31/24. Legal Rent: $35,400 Ann. Apt. 2C: $30,804 Ann.; Lease Exp.: 9/14/24. Legal Rent: $45,300 Ann. Apt. 2D: $28,200 Ann.; Lease Exp.: 7/31/24. Legal Rent: $37,920 Ann. Apt. 2E: $27,468 Ann.; Lease Exp.: 9/30/24. Legal Rent: $27,468 Ann. Apt. 2F: $32,400 Ann.; Lease Exp.: 8/31/24. Legal Rent: $45,300 Ann. Apt. 3A: $27,600 Ann.; Lease Exp.: 7/31/24. Legal Rent: $37,920 Ann. Apt. 3B: $27,960 Ann.; Lease Exp.: 8/31/24. Legal Rent: $35,400 Ann. Apt. 3C: $30,804 Ann.; Lease Exp.: 11/30/25. Legal Rent: $30,804 Ann. Apt. 3D: $27,600 Ann.; Lease Exp.: 9/14/24. Legal Rent: $37,920 Ann. Apt. 3E: $27,600 Ann.; Lease Exp.: 7/31/24. Legal Rent: $37,920 Ann. Apt. 3F: $30,804 Ann. ; Lease Exp.: 9/31/24. Legal Rent: $30,804 Ann. Apt. 4A: $27,780 Ann.; Lease Exp.: 7/31/24. Legal Rent: $37,920 Ann. Apt. 4B: $26,916 Ann. (Available) Legal Rent: $26,916 Ann. Apt. 4C: $30,804 Ann.; Lease Exp.: 1/14/25. Legal Rent: $30,804 Ann. Apt. 4D: $38,400 Ann.; Lease Exp.: 1/14/25. Legal Rent: $48,000 Ann. Apt. 4E: $27,468 Ann.; Lease Exp.: 9/30/24. Legal Rent: $27,468 Ann. Apt. 4F: $31,800 Ann.; Lease Exp.: 8/31/24. Legal Rent: $45,300 Ann. Total Gross Rent: $585,177.60 Ann. Total Legal Rent: $732,324 Ann. Expenses: Electric: $6,000 Ann. (Common Area Only) Heat/Hot Water: $14,000 Ann. Insurance: $14,500 Ann. Water/Sewer: $12,000 Ann. Taxes: $2,651.68 Ann. (Protected For The Next 34 Years) Total Expenses: $49,151.68 Ann. Current Gross Income: $558,261.60 Ann. Pro Forma Gross Income: $732,324 Ann. Current Net Operating Income (NOI): $536,025.92 Ann. (6.8% Cap) Pro Forma Net Operating Income (NOI): $683,172.32 Ann. (8.89% Cap)

3572640

MLS ID

August 14, 2024

Listed

October 10, 2024

Updated

Map

3573 Laconia Avenue
BRONX NY, 10469

Interior Features

Total Stories

4


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Taxes

$2,652


Tax Frequency

Annually


Garage

No


View

No


County

Bronx


Pool

No

Listing History

Date

Event

Price

9/19/2024

Price change

$7,688,000

-3%

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Shehriar Islam shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 OneKey MLS. All rights reserved.    

Data last updated 7:38 PM UTC, 10/10/2024

  

Powered byLuxury Presence