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861 Freeman St 3,930 SF 100% Leased Retail Building Bronx, NY 10459 $1,807,000 CAD ($459.80 CAD/SF) 9.98% Cap Rate
Investment Highlights
- 3,930 Sq. Ft. (2) Family and 2 stores
- Low Expenses and Taxes
- 10% CAP
Executive Summary
Landair Advisors has been retained to sell 861 Freeman Street, a mixed-use building with 2 apartments and 2 retail stores. The rent roll is over $150,000 per year or the property can be developed into a new residential building when vacant. With a lot size measuring a total of 2,550 SF lot and zoned R7-1, the property offers developers a as of right buildable Sq. Ft. of 8,772. Additionally, a builder can take advantage of 12,775 BSF with UAP. Currently built as a 3-story (2) family and a store with 3,930 SF. with building dimensions of 25’x54’. Both Units are 6 Bedrooms, 1 Bathroom each. The apartments also have electric heat. 861 Freeman Street is located 0.2 Miles from the Freeman Street 2,5 Train Subway Station.
- 30’ x 85’ Lot Zoned R7-1. 8,772 BSF As-of-Right. 12,775 BSF with Universal Affordability Preference
- 3,930 Sq. Ft. (2) Family and 2 stores
- 2 Blocks from the Freeman Street Subway Station.
- Low Taxes - $3,024
- 30’ x 85’ Lot Zoned R7-1. 8,772 BSF As-of-Right. 12,775 BSF with Universal Affordability Preference
- 3,930 Sq. Ft. (2) Family and 2 stores
- 2 Blocks from the Freeman Street Subway Station.
- Low Taxes - $3,024
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,930 SF
Building Class
C
Year Built
1931
Price
$1,807,000 CAD
Price Per SF
$459.80 CAD
Cap Rate
9.98%
NOI
$180,396 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.09 AC
Zoning
R7-1
Frontage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02972-0060 | Improvements Assessment | $18,147 CAD (2025) |
| Land Assessment | $1,988 CAD (2025) | Total Assessment | $20,135 CAD (2025) |
Property Taxes
Parcel Number
02972-0060
Land Assessment
$1,988 CAD (2025)
Improvements Assessment
$18,147 CAD (2025)
Total Assessment
$20,135 CAD (2025)
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861 Freeman St
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