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517 E 233rd St
Bronx, NY 10470

Retail Property For Sale

Executive Summary

Investment Property Realty Group (IPRG) has been exclusively retained to sell 517 East 233rd Street. The subject property is a 2-story corner mixed use building that is in the Woodlawn section of the Bronx.
The free-market building is made up of 1 apartment (1BR), office space, storage space, and parking. There are currently two month to month tenants that are occupying the apartment and storage space, the 1-bedroom is paying $1,100 and the storage tenant is paying $1,450. The office space will be delivered vacant. This is a perfect opportunity for an investor to come in and capture the upside in the under-market rents or an owner user to utilize the building for their business.
Built in 1927, the property has 2 buildings on the lot totaling approximately 3,000 SF. The 4,100 SF lot sits on the corner of East 233rd and Peters Place.
The building is within walking distance of the Woodlawn Train Station (Metro North).

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Building Size
3,000 SF
Building Class
C
Year Built
1931
Price
$999,999
Price Per SF
$333
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.09 AC
Zoning
C8-1 - C8 - Commercial/manufacturing. Heavy commercial services that often require large amounts of land.
Parking
6 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
76 FT on East 233rd Street

Amenities

  • Fenced Lot
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03395-0088
Land Assessment
$39,600
Improvements Assessment
$115,020
Total Assessment
$154,620
  • Listing ID: 33222207

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 517 E 233rd St, Bronx, NY 10470

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