Log In/Sign Up
Your email has been sent.
128 Alexander Ave 5,489 SF 100% Leased Retail Building Bronx, NY 10454 $2,668,380 CAD ($486.13 CAD/SF) 6.91% Cap Rate
Investment Highlights
- Delivered vacant, allowing an investor to immediately execute a lease-up strategy
- Three residential two-bedroom units and a ground floor commercial unit
- Mott Haven Location Positioned in a growing South Bronx submarket - with access to major roadways and continued investment activity
- Projected stabilized gross income of approx. $183,000 annually
- Tax Class 2A protected
Executive Summary
The asset is currently delivered fully vacant, presenting a compelling value-add opportunity through lease-up of both the residential and commercial components at market rents. Zoning is M1-2 and R6A, offering long-term flexibility in a neighborhood experiencing continued commercial and residential demand driven by proximity to the Bruckner Expressway, Major Deegan Expressway, and the South Bronx waterfront.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,489 SF
Building Class
C
Year Built
1915
Price
$2,668,380 CAD
Price Per SF
$486.13 CAD
Cap Rate
6.91%
NOI
$184,385 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.15
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
M1-2R6
Frontage
21’ on Alexander Avenue
Amenities
- 24 Hour Access
- Commuter Rail
- Accent Lighting
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Thinkubator
- Professional, Scientific, and Technical Services
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Thinkubator | Professional, Scientific, and Technical Services | - | - | Jan 0000 |
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 02296-0102 | Improvements Assessment | $53,037 CAD |
| Land Assessment | $20,046 CAD | Total Assessment | $73,082 CAD |
Property Taxes
Parcel Number
02296-0102
Land Assessment
$20,046 CAD
Improvements Assessment
$53,037 CAD
Total Assessment
$73,082 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
128 Alexander Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.