FRIEDMAN-ROTH EXCLUSIVE PRIME RETAIL WITH COMMERCIAL OFFICE THREE BUILDING PACKAGE FOR SALE Walk-Up Apartment Building for Sale
- Asking Price: $ 4,500,000-
Friedman-Roth realty services LLC | 44 East 32 nd Street| 9 th Floor | New York, NY | 10016 | Tel: 212.889.4400 | Fax:212.689.7090 Above Property Offered is Subject to Change in Price, Omissions, Errors, Prior Sale or Withdrawal Without Notice. 021218RTG FRIEDMAN-ROTH EXCLUSIVE PRIME RETAIL WITH COMMERCIAL OFFICE THREE BUILDING PACKAGE FOR SALE Walk-Up Apartment Building for Sale
Address: 3130, 3132 and 3140 East Tremont Avenue, Bronx, NY
Located on East Tremont Avenue between Coddington Avenue and LaSalles Avenue in the Location: Westchester Square section of the Bronx
The package consists of three buildings: two contiguous and one non-adjacent. One and two story commercial buildings with a total of 5 commercial units. The first floor consists of retail Description: storefronts along East Tremont Avenue. The second floor commercial unit, also accessible from East Tremont Avenue, is within 3140 East Tremont Avenue.
Block / Lot: 5350 / 48, 49 & 51 Zoning: R4-1 with a C1-2 commercial overlay
Lot SF: 8,112 Commercial SF: 10,065 Cap Rate: 5.56% INCOME: Commercial $ 305,334 Commercial (Projected) $ 30,000 Water Reimbursement $ 6,208 RE Tax Reimbursement $ 47,668 Gross Annual Income: $ 389,210
EXPENSES: (ESTIMATED) Real Estate Taxes $ 97,106 Insurance $ 14,377 Utilities (Gas / Water / PLP) $ 16,684
Maintenance, Repair. Snow $ 10,890 Removal, Landscaping
Total Expense: $ 139,057 Estimated Net Operating $ 250,153 Income: Asking Price: $4,500,000 Remarks: 91% occupied by 4 commercial tenants.
Hudson Valley Bank recently vacated but will pay rent until end of their lease.
Friedman-Roth realty services LLC | 44 East 32 nd Street| 9 th Floor | New York, NY | 10016 | Tel: 212.889.4400 | Fax:212.689.7090 Above Property Offered is Subject to Change in Price, Omissions, Errors, Prior Sale or Withdrawal Without Notice. 021218RTG FRIEDMAN-ROTH EXCLUSIVE PRIME RETAIL WITH COMMERCIAL OFFICE THREE BUILDING PACKAGE FOR SALE Walk-Up Apartment Building for Sale
Rent Roll
Lease End Building Units SF Lease Start Date Rent PSF Monthly Rent Annual Rent Date
3130 Hudson Valley Bank 2,600 12/01/98 11/30/18 $ 31.29 $ 6,779.58 $ 81,354.96
3132 Sylvan Learning 2,900 10/01/13 09/30/23 $ 32.98 $ 7,968.99 $ 95,627.88
3140 1st Floor - Just for Kids 2,905 03/01/20 MTM $ 34.78 $ 8,419.00 $ 101,028.00
3140 2nd Fl Front 980 Vacant - Projected $ 30.61 $ 2,500.00 $ 30,000.00
3140 2nd Fl Rear - Just for Kids 980 MTM MTM $ 27.88 $ 2,277.00 $ 27,324.00
Total $ 27,944.57 $ 335,334.84
Friedman-Roth realty services LLC | 44 East 32 nd Street| 9 th Floor | New York, NY | 10016 | Tel: 212.889.4400 | Fax:212.689.7090 Above Property Offered is Subject to Change in Price, Omissions, Errors, Prior Sale or Withdrawal Without Notice. 021218RTG