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598 Grand Concourse 5,857 SF 100% Leased Office Building Bronx, NY 10451 $3,214,424 CAD ($548.82 CAD/SF) 6.78% Cap Rate
Investment Highlights
- For Sale: 4-Story Mixed-Use Building Consisting of Commercial and Residential Units
- Restaurant Tenant Pays for Water and Sewer, All Tenants Pay for Electric and Heat
- Surrounded by Various Neighborhood Retail and Amenities such as McDonald's, Chinese Restaurant, Italian Restaurant, Clothing Stores, Schools, & More
- Zoned for C4-4, Bronx, (O9)
- Located Within Walking Distance to the 149 St - Grand Concourse Subway Station
Executive Summary
American Investment Properties is retained to sell the property located at 598 Grand Concourse, Bronx, NY. At this location is a 4-story mixed-use building composed of commercial and residential units. The building is zoned for C4-4, Bronx, (O9) and is currently fully-occupied. The restaurant tenant pays for the water and sewer expenses and all of the tenants pay for the electric and heat expenses.
Property Facts
Sale Type
Investment
Property Type
Building Size
5,857 SF
Building Class
C
Year Built
1929
Price
$3,214,424 CAD
Price Per SF
$548.82 CAD
Cap Rate
6.78%
NOI
$218,034 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,464 SF
Building FAR
2.31
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-4, Bronx, (O9)
Amenities
- Restaurant
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02443-0042 | Improvements Assessment | $495,104 CAD |
| Land Assessment | $56,347 CAD | Total Assessment | $551,452 CAD |
Property Taxes
Parcel Number
02443-0042
Land Assessment
$56,347 CAD
Improvements Assessment
$495,104 CAD
Total Assessment
$551,452 CAD
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598 Grand Concourse
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