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E 233rd Shops 720-724 E 233rd St 2,500 SF 100% Leased Retail Building Bronx, NY 10466 $3,048,760 CAD ($1,219.50 CAD/SF) 6.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Wakefield location offering excellent visibility and strong foot traffic.
- Zoned R6A/C2-4 with 9,717 BSF of buildable space for future development potential.
- Steps from Metro-North, 2 and 5 subway lines, and multiple bus routes for easy access.
- Fully occupied single-story retail building with four income-producing units.
- Generates an annual income of $171,323 with a Net Operating Income (NOI) of $132,768.
- Located near White Plains Road, surrounded by restaurants, shops, schools, and parks.
EXECUTIVE SUMMARY
SP Capital Group is pleased to present 720 E 233rd St, a fully occupied, single-story retail building located in the Wakefield neighborhood of the Bronx. This property consists of 2,500 SF of retail space across four units and offers strong income potential.
The property is situated on a 3,239 SF lot and is zoned R6A/C2-4, providing 9,717 BSF of buildable space.. Additionally, the property is in close proximity to public transportation, including the MetroNorth, 2 and 5 train and adjacent to a bus stop.
Key Property Details:
Building Size: 2,500 SF
Lot Size: 3,239 SF
Zoning: R6A/C2-4, with 9,717 BSF of buildable space
Location: Situated near White Plains Rd and E 233rd Pl, just steps from restaurants, shops, markets, schools, parks, MetroNorth, and the 2 and 5 subway lines.
Occupancy: Fully occupied with four retail tenants
Income: Total annual income of $171,323, with a Net Operating Income (NOI) of $132,768
Reach out to me for full offering memorandum:
Roni Soleimani
SP Capital Group
Phone: (212) 235-2764
The property is situated on a 3,239 SF lot and is zoned R6A/C2-4, providing 9,717 BSF of buildable space.. Additionally, the property is in close proximity to public transportation, including the MetroNorth, 2 and 5 train and adjacent to a bus stop.
Key Property Details:
Building Size: 2,500 SF
Lot Size: 3,239 SF
Zoning: R6A/C2-4, with 9,717 BSF of buildable space
Location: Situated near White Plains Rd and E 233rd Pl, just steps from restaurants, shops, markets, schools, parks, MetroNorth, and the 2 and 5 subway lines.
Occupancy: Fully occupied with four retail tenants
Income: Total annual income of $171,323, with a Net Operating Income (NOI) of $132,768
Reach out to me for full offering memorandum:
Roni Soleimani
SP Capital Group
Phone: (212) 235-2764
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,500 SF
Building Class
C
Year Built
1930
Price
$3,048,760 CAD
Price Per SF
$1,219.50 CAD
Cap Rate
6.03%
NOI
$183,990 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.07 AC
Zoning
R6A - Medium density residential district
Frontage
50’ on 233rd St
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04846-0051 | Improvements Assessment | $292,666 CAD |
| Land Assessment | $49,844 CAD | Total Assessment | $342,510 CAD |
PROPERTY TAXES
Parcel Number
04846-0051
Land Assessment
$49,844 CAD
Improvements Assessment
$292,666 CAD
Total Assessment
$342,510 CAD
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E 233rd Shops | 720-724 E 233rd St
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