4125-4127 White Plains Rd
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4125-4127 White Plains Rd
5,489 SF 100% Leased Retail Building Bronx, NY 10466 $2,200,000 ($401/SF) 8.38% Cap Rate
Investment Highlights
- Located on main street.
- In the Hub of Shopping area
- Easy access to transportation. Metro North RR, #2 & #5 Subway, Bronx, Manhattan and Westchester buses
- Excellent Development Opportunity to build 10- One-bedroom units plus Retail
Executive Summary
2 Contiguous 2-story walkup Mixed-Use Buildings. Each building consists of 2 residential units and 1 retail unit for a total of 4 residential and 2 retail units (Deli Convenience Store & Hair Salon Store). There is also a garage with parking for 3 cars.
The properties are located in the Wakefield Section of The Bronx with easy access to all transportation and only 45 minutes to NYC.
Layout: 4 x 1 Bedrooms. 2 Retail Stores.
Update
Three of the four residential units are vacant, and seller is in the process of vacating last unit in 4125 WPR Apt1. Current income is $2,184/month.
Property delivered as is or with all apartments vacant and the 2 retail units rented.
Buyer’s choice to rent apartments again with a program or free market.
The properties are located in the Wakefield Section of The Bronx with easy access to all transportation and only 45 minutes to NYC.
Layout: 4 x 1 Bedrooms. 2 Retail Stores.
Update
Three of the four residential units are vacant, and seller is in the process of vacating last unit in 4125 WPR Apt1. Current income is $2,184/month.
Property delivered as is or with all apartments vacant and the 2 retail units rented.
Buyer’s choice to rent apartments again with a program or free market.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$200,196
|
$36.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,196
|
$36.47
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,722
|
$3.05
|
| Net Operating Income |
$183,474
|
$33.43
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $200,196 |
| Annual Per SF | $36.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $200,196 |
| Annual Per SF | $36.47 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,722 |
| Annual Per SF | $3.05 |
| Net Operating Income | |
|---|---|
| Annual | $183,474 |
| Annual Per SF | $33.43 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,489 SF
Building Class
C
Year Built
1930
Price
$2,200,000
Price Per SF
$401
Cap Rate
8.38%
NOI
$184,266
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.07 AC
Zoning
R6/C1-4
Parking
3 Spaces (0.55 Spaces per 1,000 SF Leased)
Frontage
20 FT on White Plains Rd
Amenities
- 24 Hour Access
- Bus Line
- Metro/Subway
- Signage
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04833-0012 | Improvements Assessment | $35,771 (2024) |
| Land Assessment | $4,297 (2024) | Total Assessment | $40,068 (2024) |
PROPERTY TAXES
Parcel Number
04833-0012
Land Assessment
$4,297 (2024)
Improvements Assessment
$35,771 (2024)
Total Assessment
$40,068 (2024)
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4125-4127 White Plains Rd
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