3114 Bailey Ave
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3114 Bailey Ave
1,800 SF 100% Leased Retail Building Bronx, NY 10463 $1,300,000 ($722/SF) 5.08% Cap Rate
Executive Summary
This commercial building at 3114 Bailey Ave in the Bronx boasts a grocery store and laundromat. With R-6 and C-4 zone, it offers the flexibility to modernize the existing stores or build a new structure for a mix of commercial and residential use. Key Features: - Prime location near the #1 train for easy access. - Surrounded by residential buildings, ensuring a steady customer base. - Ideal for entrepreneurs looking to revamp or redevelop. Don't miss out on this opportunity to be part of the thriving Bronx community. Contact us to explore the potential of 3114 Bailey Ave today!
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
1,800 SF
Building Class
C
Year Built
1926
Price
$1,300,000
Price Per SF
$722
Cap Rate
5.08%
NOI
$66,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.07 AC
Zoning
R6 - Medium density residential zoning district.
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03261-0031 | Improvements Assessment | $51,120 (2024) |
| Land Assessment | $59,400 (2024) | Total Assessment | $110,520 (2024) |
PROPERTY TAXES
Parcel Number
03261-0031
Land Assessment
$59,400 (2024)
Improvements Assessment
$51,120 (2024)
Total Assessment
$110,520 (2024)
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3114 Bailey Ave
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