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1285 Shakespeare Ave 3,300 SF 100% Leased Retail Building Bronx, NY 10452 $1,619,752 CAD ($490.83 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) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$187,272
|
$56.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,272
|
$56.75
|
| Taxes |
$5,116
|
$1.55
|
| Operating Expenses |
$22,631
|
$6.86
|
| Total Expenses |
$27,747
|
$8.41
|
| Net Operating Income |
$159,524
|
$48.34
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $187,272 |
| Annual Per SF | $56.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $187,272 |
| Annual Per SF | $56.75 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,116 |
| Annual Per SF | $1.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,631 |
| Annual Per SF | $6.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,747 |
| Annual Per SF | $8.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $159,524 |
| Annual Per SF | $48.34 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,300 SF
Building Class
C
Year Built
1930
Price
$1,619,752 CAD
Price Per SF
$490.83 CAD
Cap Rate
9.85%
NOI
$159,524 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.49
Lot Size
0.03 AC
Zoning
R7-1 - Medium-density apartment house district with lower parking requirements
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 | $26,599 CAD |
| Land Assessment | $4,288 CAD | Annual Taxes | $5,116 CAD ($1.55 CAD/SF) |
| Improvements Assessment | $22,311 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
02519-0026
Land Assessment
$4,288 CAD
Improvements Assessment
$22,311 CAD
Total Assessment
$26,599 CAD
Annual Taxes
$5,116 CAD ($1.55 CAD/SF)
Tax Year
2026
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1285 Shakespeare Ave
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