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1285 Shakespeare Ave 2,697 SF 100% Leased Retail Building Bronx, NY 10452 $1,603,640 CAD ($594.60 CAD/SF) 9.85% Cap Rate



Investment Highlights
- CORNER PROPERTY
- TALL COMMERICAL CEILING HEIGHT
- FULLY FREE MARKET
- GREAT ZONING
- ALL 3 BEDROOM RESIDENTIAL UNITS
Executive Summary
Delivered completely vacant, 1285 Shakespeare Ave presents a rare opportunity for investors, owner-users, and entrepreneurs seeking a highly versatile mixed-use asset with significant upside potential.
This three-story corner property features a spacious commercial space with soaring 17-foot ceilings, offering exceptional flexibility for a variety of business uses. The layout is particularly well-suited for a bodega, convenience store, neighborhood market, or retail operation, providing excellent visibility and exposure from its prominent corner location.
Above the commercial space are two residential units, each configured as a spacious 3-bedroom apartment, creating strong income-producing potential or the opportunity for owner occupancy.
Adding to its appeal, the property benefits from favorable zoning that may offer future value-add and redevelopment opportunities (buyers should conduct their own due diligence regarding zoning and development potential).
This three-story corner property features a spacious commercial space with soaring 17-foot ceilings, offering exceptional flexibility for a variety of business uses. The layout is particularly well-suited for a bodega, convenience store, neighborhood market, or retail operation, providing excellent visibility and exposure from its prominent corner location.
Above the commercial space are two residential units, each configured as a spacious 3-bedroom apartment, creating strong income-producing potential or the opportunity for owner occupancy.
Adding to its appeal, the property benefits from favorable zoning that may offer future value-add and redevelopment opportunities (buyers should conduct their own due diligence regarding zoning and development potential).
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,697 SF
Building Class
C
Year Built
1930
Price
$1,603,640 CAD
Price Per SF
$594.60 CAD
Cap Rate
9.85%
NOI
$157,938 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.04
Lot Size
0.03 AC
Zoning
R7-1
Frontage
Amenities
- Corner Lot
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02519-0026 | Total Assessment | $26,185 CAD |
| Land Assessment | $4,221 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $21,964 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
02519-0026
Land Assessment
$4,221 CAD
Improvements Assessment
$21,964 CAD
Total Assessment
$26,185 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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1285 Shakespeare Ave
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