270 E 169th St | Bronx, NY 10456
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270 E 169th St
Bronx, NY 10456
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Coveted NY Asset Class.
- Ease of access to public transport and great corner location.
- 100% Free Market Mixed-Use Building.
EXECUTIVE SUMMARY
Presenting the opportunity to acquire this free-market, mixed-use 'cash cow' located on the southeast corner of East 169th Street and Morris Avenue in the Bronx’s Concourse Village.
With an estimated 4,750 gross square feet, the subject property consists of three ground-floor retail spaces and four residential apartments above. The building features a brick exterior with original features throughout, security cameras, a steel and glass entrance, a steel and marble staircase, and a black rubber roof. The basement contains water meters, electric meters, gas meters a newer gas boiler for the apartments, and a hot water tank. The retail heating systems are located in-unit.
With the lack of sufficient retail along the nearby Grand Concourse, this small retail hub serves as a major attraction for local shopping and dining. Residents also enjoy quick access to transportation with local bus service and an MTA train station located at East 167th Street and The Grand Concourse.
With an estimated 4,750 gross square feet, the subject property consists of three ground-floor retail spaces and four residential apartments above. The building features a brick exterior with original features throughout, security cameras, a steel and glass entrance, a steel and marble staircase, and a black rubber roof. The basement contains water meters, electric meters, gas meters a newer gas boiler for the apartments, and a hot water tank. The retail heating systems are located in-unit.
With the lack of sufficient retail along the nearby Grand Concourse, this small retail hub serves as a major attraction for local shopping and dining. Residents also enjoy quick access to transportation with local bus service and an MTA train station located at East 167th Street and The Grand Concourse.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,500 SF
Building Class
C
Year Built
1931
Price
$2,495,000
Price Per SF
$263
Cap Rate
6.91%
NOI
$172,405
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.87
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
R7-1 - Residential
Frontage
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 02439-0045 | Improvements Assessment | $116,300 |
| Land Assessment | $8,881 | Total Assessment | $125,181 |
PROPERTY TAXES
Parcel Number
02439-0045
Land Assessment
$8,881
Improvements Assessment
$116,300
Total Assessment
$125,181
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