1574 - 1578 Williamsbridge Rd 1578 Williamsbridge Rd

26,911 SF 83% Leased Office Building Bronx, NY 10461 $12,000,000 ($446/SF) 5% Cap Rate

INVESTMENT HIGHLIGHTS

  • Close to public transit
  • Short distance to other medical/office/health care buildings

EXECUTIVE SUMMARY

Elevatored Medical Building with a Parking Lot for Sale in the Bronx.

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $861,000 $31.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $861,000 $31.99
Taxes $160,000 $5.95
Operating Expenses $74,000 $2.75
Total Expenses $234,000 $8.70
Net Operating Income $627,000 $23.30

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
26,911 SF
Building Class
B
Year Built
1935
Price
$12,000,000
Price Per SF
$446
Cap Rate
5%
NOI
$600,000
Percent Leased
83%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,704 SF
Slab To Slab
8’
Building FAR
1.82
Lot Size
0.34 AC
Zoning
R4 - R4 Zoning
Parking
36 Spaces (1.56 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Fl-Ste 2D
  • 2,432 SF
  • Office/Medical
  • Full Build-Out
  • Now

5 Exam Rooms, 3 offices and Bathrooms

  • 3rd Fl-Ste 3B
  • 600 SF
  • Office/Retail
  • Full Build-Out
  • Now

2 private offices, reception area, reception desk with office, private terrace.

  • 3rd Fl-Ste 3D
  • 900 SF
  • Office/Medical
  • Full Build-Out
  • Now

Medical Building very large main room, 2 exam rooms and 1 1/2 baths 900 sq ft for $3500 per month

  • 3rd Fl-Ste 4C
  • 600 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Top Floor with Skylight, Full Kitchen and Bath in an Elevator Building.

Space Size Space Use Condition Available
2nd Fl-Ste 2D 2,432 SF Office/Medical Full Build-Out Now
3rd Fl-Ste 3B 600 SF Office/Retail Full Build-Out Now
3rd Fl-Ste 3D 900 SF Office/Medical Full Build-Out Now
3rd Fl-Ste 4C 600 SF Office/Medical Partial Build-Out Now

2nd Fl-Ste 2D

Size
2,432 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 3B

Size
600 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 3D

Size
900 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 4C

Size
600 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (85)

PROPERTY TAXES

  • Listing ID: 32568312

  • Date on Market: 7/24/2024

  • Last Updated:

  • Address: 1578 Williamsbridge Rd, Bronx, NY 10461