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2918 Bruckner Blvd

4,576 SF 100% Leased Retail Building Bronx, NY 10465 $1,598,000 ($349/SF) 8.04% Cap Rate

Investment Highlights

  • Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Mixed-Use Building With Restaurant/Bar For Sale!!!
  • The Property Is Located In The Heart The Bronx On Busy Bruckner Blvd. In Between I-295, I-695 & I-95!!!
  • This Property Offers HUGE Upside Potential!!!
  • The Building Features Great Exposure, Excellent Signage, Strong C-1 Zoning, 6 Parking Spaces, High 10’ Ceilings, (2) 3 Br. Apts., CCTV Security, +++!!
  • Neighbors Include USPS, Amazon, Chase Bank, The Home Depot, Target, Planet Fitness, Petco, Walgreens, AutoZone, Mobil, Sunoco, McDonald’s, +++!!!
  • This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Executive Summary

Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Mixed-Use Building With Restaurant/Bar For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong C-1 Zoning, 6 Parking Spaces, High 10’ Ceilings, (2) 3 Br. Apts., 3 Stories, CCTV Security System, New Roof, New Hot Water Heaters, New Gas Steam Boiler, Upgraded Electrical Service, New Gas Service, LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart The Bronx On Busy Bruckner Blvd. In Between I-295, I-695 & I-95!!! Neighbors Include USPS, Amazon, Chase Bank, The Home Depot, Target, Planet Fitness, Petco, Walgreens, AutoZone, Mobil, Sunoco, McDonald’s, Dollar Tree, Hertz, Mattress Firm, Burger King, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1 (3 Br.): $43,272 Ann. M-M.
Apt. 2 (3 Br.): $43,272 Ann. Lease Exp.: 6/30/25.
Bar/Restaurant: $62,400 Ann.
Laundry: $1,800 Ann.
Tax Rebate From Restaurant: $1,848.24
Gross Income: $152,592.24 Ann.
Expenses:
Gas & Electric: $5,015 Ann.
Maintenance & Repairs: $800 Ann.
Water & Sewer: $4,212 Ann.
Insurance: $8,587 Ann.
Taxes: $5,533.64 Ann.
Total Expenses: $24,147.64 Ann.
Net Operating Income (NOI): $128,444.60 Ann. (8.04 Cap!!!)

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $152,592 $33.35
Other Income - -
Vacancy Loss - -
Effective Gross Income $152,592 $33.35
Taxes $5,533 $1.21
Operating Expenses $18,614 $4.07
Total Expenses $24,147 $5.28
Net Operating Income $128,445 $28.07

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $152,592
Annual Per SF $33.35
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $152,592
Annual Per SF $33.35
Taxes
Annual $5,533
Annual Per SF $1.21
Operating Expenses
Annual $18,614
Annual Per SF $4.07
Total Expenses
Annual $24,147
Annual Per SF $5.28
Net Operating Income
Annual $128,445
Annual Per SF $28.07

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
4,576 SF
Building Class
C
Year Built/Renovated
1925/2024
Price
$1,598,000
Price Per SF
$349
Cap Rate
8.04%
NOI
$128,445
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.75
Land Acres
0.06 AC
Zoning
R4,Bronx,(S2)
Parking
6 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
25 FT on Bruckner Blvd

Amenities

  • 24 Hour Access
  • Bus Line
  • Fenced Lot
  • Freeway Visibility
  • Metro/Subway
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
  • Balcony
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Foodtown
Boston Market
Chase
HSBC
Citizens Bank
TD Bank
Citi
Bank Of America
Blimpie
Key Food

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05419-0122
Land Assessment
$4,637 (2024)
Improvements Assessment
$22,914 (2024)
Total Assessment
$27,551 (2024)
Annual Taxes
$5,533 ($1.21/SF)
Tax Year
2023
  • Listing ID: 33639867

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 2918 Bruckner Blvd, Bronx, NY 10465

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