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1 Terrace View Ave 3,969 SF 100% Leased Retail Building Bronx, NY 10463 $1,918,552 CAD ($483.38 CAD/SF) 6.60% Cap Rate
Investment Highlights
- Well-maintained commercial property featuring a successful laundromat business on the 1st floor and additional 2 floor and 1 with full widow basement
Executive Summary
Prime High Cash Flow Commercial Building Investment Opportunity | 7–8% Cap Rate | Marble Hill / Riverdale Border, Bronx
Excellent opportunity to own leased, income-producing Commercial building in the highly desirable Marble Hill / Riverdale area of the Bronx. This well-maintained property, built in 2006, offers strong, stable cash flow, modern construction, and excellent long-term investment potential in a neighborhood known for its strong residential demographics and above-average household incomes.
Investment Highlights
* 7–8% Cap Rate
* Projected Net Operating Income: Approximately $90,000/year Next Year
*Especially 1st floor Retail Store stable Major tenants
* Built in 2006 – Modern construction
* High ceilings throughout
* Individual central heating & cooling for each floor
* Basement with exterior windows, providing natural light and ventilation
Value-Add Opportunity
The second floor can be delivered for owner use, making it ideal for an owner-occupant, professional office, or future repositioning while maintaining strong income from the remaining tenants.
Strong Anchor Tenant
The ground floor is occupied by a well-established laundromat that has successfully operated for nearly 15 years, serving a loyal neighborhood customer base and providing dependable, long-term rental income.
Prime Location
Ideally situated next to Riverdale in the Marble Hill section of the Bronx, the property benefits from a stable, higher-income residential community, excellent transportation access, and a strong local customer base, making it an exceptional long-term investment.
Perfect for investors or 1031 exchange buyers seeking a turnkey, low-maintenance asset with immediate cash flow and future upside.
Contact us today for the full financial package and to schedule a private showing.
Excellent opportunity to own leased, income-producing Commercial building in the highly desirable Marble Hill / Riverdale area of the Bronx. This well-maintained property, built in 2006, offers strong, stable cash flow, modern construction, and excellent long-term investment potential in a neighborhood known for its strong residential demographics and above-average household incomes.
Investment Highlights
* 7–8% Cap Rate
* Projected Net Operating Income: Approximately $90,000/year Next Year
*Especially 1st floor Retail Store stable Major tenants
* Built in 2006 – Modern construction
* High ceilings throughout
* Individual central heating & cooling for each floor
* Basement with exterior windows, providing natural light and ventilation
Value-Add Opportunity
The second floor can be delivered for owner use, making it ideal for an owner-occupant, professional office, or future repositioning while maintaining strong income from the remaining tenants.
Strong Anchor Tenant
The ground floor is occupied by a well-established laundromat that has successfully operated for nearly 15 years, serving a loyal neighborhood customer base and providing dependable, long-term rental income.
Prime Location
Ideally situated next to Riverdale in the Marble Hill section of the Bronx, the property benefits from a stable, higher-income residential community, excellent transportation access, and a strong local customer base, making it an exceptional long-term investment.
Perfect for investors or 1031 exchange buyers seeking a turnkey, low-maintenance asset with immediate cash flow and future upside.
Contact us today for the full financial package and to schedule a private showing.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,969 SF
Building Class
B
Year Built
2006
Price
$1,918,552 CAD
Price Per SF
$483.38 CAD
Cap Rate
6.60%
NOI
$126,624 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
3 Exterior
Building FAR
1.65
Lot Size
0.06 AC
Zoning
M1-1 - This building has a retail store CO on the first floor and in the basement, and an office CO on the second floor.
See attached files
Parking
1 Spaces (0.25 Spaces per 1,000 SF Leased)
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2215-0181 | Improvements Assessment | $585,102 CAD |
| Land Assessment | $33,481 CAD | Total Assessment | $618,584 CAD |
Property Taxes
Parcel Number
2215-0181
Land Assessment
$33,481 CAD
Improvements Assessment
$585,102 CAD
Total Assessment
$618,584 CAD
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