3129 Perry Ave
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3129 Perry Ave
14,200 SF Retail Building Bronx, NY 10467 $1,850,000 ($130/SF) 10.71% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 4 Unit Mixed-Use Building With Garage For Sale In The Bronx!!!
- The Property Is Located In The Heart The Bronx On Perry Avenue In Between The Mosholu Parkway & Bronx River Parkway!!!
- This Property Offers HUGE Upside Potential!!!
- The Building Features Great Exposure, Excellent Signage, Strong R5B/R5D/C1-4 Zoning, 11 Parking Spaces, High 9’ Ceilings, (3) 2 Br. Apts., +++!!!
- Neighbors Include Starbucks, Citi, Extra Space Storage, Best Buy, Blink Fitness, Crunch Fitness, Walgreens, Marshalls, Burlington, McDonald’s, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 4 Unit Mixed-Use Building With Garage For Sale In The Bronx!!! The Building Features Great Exposure, Excellent Signage, Strong R5B/R5D/C1-4 Zoning, 11 Parking Spaces, High 9’ Ceilings, (3) 2 Br. Apts., Basement With 8’ Ceilings, 2 Skylights, 2 Private Driveways, Garage, Ramp, Accessible Bathrooms, LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart The Bronx On Perry Avenue In Between The Mosholu Parkway & Bronx River Parkway!!! Neighbors Include Starbucks, Citi, Extra Space Storage, Best Buy, Blink Fitness, Crunch Fitness, Walgreens, Marshalls, Burlington, McDonald’s, Chick-fil-A, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor + LL (8,600 Sqft.): $144,000 Ann. (Available)
2nd Floor:
Apt. 1 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
Apt. 2 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
3rd Floor:
Apt. 3 (2,800 Sqft., 2 Br. Apt.): $45,600 Ann. (Available)
Pro Forma Gross Income: $266,400 Ann.
Expenses:
Gas & Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,200 Ann.
Insurance: $4,638 Ann.
Taxes: $56,124 Ann.
Total Expenses: $68,212 Ann.
Net Operating Income (NOI): $198,188 Ann. (Pro Forma 10.71 Cap!!!)
Income:
1st Floor + LL (8,600 Sqft.): $144,000 Ann. (Available)
2nd Floor:
Apt. 1 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
Apt. 2 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
3rd Floor:
Apt. 3 (2,800 Sqft., 2 Br. Apt.): $45,600 Ann. (Available)
Pro Forma Gross Income: $266,400 Ann.
Expenses:
Gas & Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,200 Ann.
Insurance: $4,638 Ann.
Taxes: $56,124 Ann.
Total Expenses: $68,212 Ann.
Net Operating Income (NOI): $198,188 Ann. (Pro Forma 10.71 Cap!!!)
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$266,400
|
$18.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$266,400
|
$18.76
|
| Taxes |
$56,124
|
$3.95
|
| Operating Expenses |
$12,088
|
$0.85
|
| Total Expenses |
$68,212
|
$4.80
|
| Net Operating Income |
$198,188
|
$13.96
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $266,400 |
| Annual Per SF | $18.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $266,400 |
| Annual Per SF | $18.76 |
| Taxes | |
|---|---|
| Annual | $56,124 |
| Annual Per SF | $3.95 |
| Operating Expenses | |
|---|---|
| Annual | $12,088 |
| Annual Per SF | $0.85 |
| Total Expenses | |
|---|---|
| Annual | $68,212 |
| Annual Per SF | $4.80 |
| Net Operating Income | |
|---|---|
| Annual | $198,188 |
| Annual Per SF | $13.96 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Funeral Home
Building Size
14,200 SF
Year Built
1966
Price
$1,850,000
Price Per SF
$130
Cap Rate
10.71%
NOI
$198,188
Tenancy
Single
Building Height
3 Stories
Building FAR
2.58
Land Acres
0.13 AC
Zoning
R5B, R5D, C1-4
Parking
2 Spaces (0.14 Spaces per 1,000 SF Leased)
Frontage
133 FT on Perry
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Balcony
Walk Score ®
Very Walkable (84)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03341-0026 | Total Assessment | $507,000 |
| Land Assessment | $55,904 | Annual Taxes | $56,124 ($3.95/SF) |
| Improvements Assessment | $451,096 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03341-0026
Land Assessment
$55,904
Improvements Assessment
$451,096
Total Assessment
$507,000
Annual Taxes
$56,124 ($3.95/SF)
Tax Year
2024
-
Matthew Shane -
All Island Commercial
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