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2526-2532 Boston Rd

10,030 SF Retail Building Bronx, NY 10467 $3,200,000 ($319/SF) 7.53% Cap Rate

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Executive Summary

Investment Property Realty Group (IPRG) has been exclusively retained to sell 2530 Boston Road. The subject property is a 2-story retail/office use building that is in the Allerton section of the Bronx.
The commercial building is made up of 6 retail spaces on the ground floor, and 5 office suites on the second floor. There are currently 5 out of the 6 retail spaces that are rented, and the second floor of office space has 1 out of the 5 suites rented. This is a perfect opportunity for an investor to come in and capture the upside in the vacant spaces or an owner user looking to utilize a portion of the building for their business.
Built in 1929, the building is a total of 10,030 square feet. The property sits on 60 ft of frontage on the corner of Boston Road and Wallace Avenue.
The building is within walking distance of the Allerton subway station (2,5).

OFFER MEMORANDUM: 2530 Boston Rd - Bronx, NY

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

10,030 SF

Building Class

Year Built

1929

Price

$3,200,000

Price Per SF

$319

Cap Rate

7.53%

NOI

$240,920

Tenancy

Multiple

Building Height

2 Stories

Slab To Slab

10’

Building FAR

1.64

Lot Size

0.14 AC

Zoning

C8-1

Frontage

156 FT on Boston Rd

Amenities

Bus Line

Metro/Subway

Security System

Space Availability

2nd Floor
1,000 SF
Office
-
Now

Four (4) Office Spaces available at this location on the 2nd -Top floor. Prices range from $2500.00 -$2700.00 /month- Move-In condition. Keys available. For immediate viewing, please call Owen Thompson at 917-991-2991 or email n0n987@yahoo.com Thanks!