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312-316 City Island Ave 8,032 SF 100% Leased Retail Building Bronx, NY 10464 $2,905,119 CAD ($361.69 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 |
$300,472
|
$37.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$300,472
|
$37.41
|
| Taxes |
$103,754
|
$12.92
|
| Operating Expenses |
$59,181
|
$7.37
|
| Total Expenses |
$162,936
|
$20.29
|
| Net Operating Income |
$137,537
|
$17.12
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $300,472 |
| Annual Per SF | $37.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $300,472 |
| Annual Per SF | $37.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $103,754 |
| Annual Per SF | $12.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,181 |
| Annual Per SF | $7.37 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $162,936 |
| Annual Per SF | $20.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $137,537 |
| Annual Per SF | $17.12 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,032 SF
Building Class
C
Year Built/Renovated
1931/2024
Price
$2,905,119 CAD
Price Per SF
$361.69 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.15 AC
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 | $1,003,715 CAD (2025) |
| Land Assessment | $139,114 CAD (2025) | Annual Taxes | $103,754 CAD ($12.92 CAD/SF) |
| Improvements Assessment | $864,601 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05644-0003
Land Assessment
$139,114 CAD (2025)
Improvements Assessment
$864,601 CAD (2025)
Total Assessment
$1,003,715 CAD (2025)
Annual Taxes
$103,754 CAD ($12.92 CAD/SF)
Tax Year
2024
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Direct Choice Realty
312-316 City Island Ave
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