Listing Courtesy of: Richard Matt Shane - All Island Estates Realty Corp
516-783-5600
$5,850,000
Calculate Payment
3480 Boston Rd Bronx, NY 10469
Other
Residence
Beds
Baths
...
Bed/Bath
8,450
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Calling All Investors, Developers & End-Users!!! 8,450+ Sqft. Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 8 Parking Spaces, High 14’ Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low P...roperty Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Blocks From I-95 & The Gun Hill Road Train Station!!! Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy’s, Marshall’s, Shake Shack, Firestone Complete Auto Care, Harbor Freight Tools, Buffalo Wild Wings, Wendy’s, Bob’s Discount Furniture, White Castle, Popeye’s Louisiana Kitchen, Golden Krust, Aldi, +++!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Domino’s (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes. USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option. M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes. Gross Income: $313,498.44 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $0 Ann. Insurance: $4,296 Ann. Taxes: $49,688.16 Ann. Total Expenses: $54,234.16Ann. Tax Rebate (Paid By The Stores): $90,192 Ann. Pro Forma Net Operating Income (NOI): $349,456.28 Ann.
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MLS#
891171
Property Type
Other
Year Built
1950
Square Feet
8,450
sq. ft
Lot Size
0.27
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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