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312-316 City Island Ave 8,032 SF 100% Leased Retail Building Bronx, NY 10464 $2,619,150 CAD ($326.09 CAD/SF)
INVESTMENT HIGHLIGHTS
- 4 Retail Units + 4 apartments in excellent renovated condition modern systems.
EXECUTIVE SUMMARY
Mixed Use Property comprised pf 4 store fronts and 4 apartments .
Newly approved plan for expansion of property already approved Fully Renovated Pending New Certificate of Occupancy .
Separate Utilities
Tax Grievance in process tax is currently $ 75,000 for the year 2024.
Newly approved plan for expansion of property already approved Fully Renovated Pending New Certificate of Occupancy .
Separate Utilities
Tax Grievance in process tax is currently $ 75,000 for the year 2024.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$299,410
|
$37.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$299,410
|
$37.28
|
| Taxes |
$103,387
|
$12.87
|
| Operating Expenses |
$58,972
|
$7.34
|
| Total Expenses |
$162,360
|
$20.21
|
| Net Operating Income |
$137,050
|
$17.06
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $299,410 |
| Annual Per SF | $37.28 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $299,410 |
| Annual Per SF | $37.28 |
| Taxes (CAD) | |
|---|---|
| Annual | $103,387 |
| Annual Per SF | $12.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,972 |
| Annual Per SF | $7.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $162,360 |
| Annual Per SF | $20.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $137,050 |
| Annual Per SF | $17.06 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,032 SF
Building Class
C
Year Built/Renovated
1931/2024
Price
$2,619,150 CAD
Price Per SF
$326.09 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.15 AC
Zoning
R3A - Low density residential district
Frontage
75’ on City Island Ave
AMENITIES
- Conferencing Facility
- Courtyard
- Fenced Lot
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Balcony
- Smoke Detector
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05644-0003 | Total Assessment | $986,441 CAD (2025) |
| Land Assessment | $136,720 CAD (2025) | Annual Taxes | $103,387 CAD ($12.87 CAD/SF) |
| Improvements Assessment | $849,721 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05644-0003
Land Assessment
$136,720 CAD (2025)
Improvements Assessment
$849,721 CAD (2025)
Total Assessment
$986,441 CAD (2025)
Annual Taxes
$103,387 CAD ($12.87 CAD/SF)
Tax Year
2024
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Direct Choice Realty
312-316 City Island Ave
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