3527-3537 Jerome Ave
Bronx, NY 10467
Retail Property For Sale
EXECUTIVE SUMMARY
East Coast Realtors Inc has retained the exclusive right to facilitate the sale of 3527-3537 Jerome Ave and 2-10 W Gun Hill Rd, Bronx, NY 10467. The property is conveniently on the cornor of Jerome Ave an W. Gun Hill Rd and a short walk to Mosholu Pkwy station. Easy access to Mosholu Pkwy and Bronx Pkwy. The property benefits immensely from the densely populated residential and easy access to the public transportation. The building boasts an impressive 9,000 SF of retail space, 200 FT storefront and C1-3/R7-1 zoning. 23,655 air rights remaining and 7 retail stores.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,000 SF
Building Class
C
Year Built
1926
Price
$7,200,000
Price Per SF
$800
Cap Rate
6.13%
NOI
$441,575
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.22 AC
Zoning
C1-3/R7-1 - R7-1, C1-3
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Metro/Subway
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 03324-0135 | Improvements Assessment | $696,960 |
| Land Assessment | $450,000 | Total Assessment | $1,146,960 |
