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312-316 City Island Ave 8,032 SF 100% Leased Retail Building Bronx, NY 10464 $2,582,100 CAD ($321.48 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 |
$295,175
|
$36.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$295,175
|
$36.75
|
| Taxes |
$101,925
|
$12.69
|
| Operating Expenses |
$58,138
|
$7.24
|
| Total Expenses |
$160,063
|
$19.93
|
| Net Operating Income |
$135,112
|
$16.82
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $295,175 |
| Annual Per SF | $36.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $295,175 |
| Annual Per SF | $36.75 |
| Taxes (CAD) | |
|---|---|
| Annual | $101,925 |
| Annual Per SF | $12.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,138 |
| Annual Per SF | $7.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $160,063 |
| Annual Per SF | $19.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $135,112 |
| Annual Per SF | $16.82 |
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
$2,582,100 CAD
Price Per SF
$321.48 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 | $978,376 CAD (2025) |
| Land Assessment | $135,602 CAD (2025) | Annual Taxes | $101,925 CAD ($12.69 CAD/SF) |
| Improvements Assessment | $842,774 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
05644-0003
Land Assessment
$135,602 CAD (2025)
Improvements Assessment
$842,774 CAD (2025)
Total Assessment
$978,376 CAD (2025)
Annual Taxes
$101,925 CAD ($12.69 CAD/SF)
Tax Year
2024
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312-316 City Island Ave
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