Property Highlights
- Located on the corner of a prime Bronx retail corridor
- Multi-tenant income producing retail property
- Anchored by Clean Rite Center, the largest laundromat operator in the NY Metro Area
- Significant air rights
Property Facts
- Address 2451 White Plains Road
- Block Lot 4426_32
- Location Corner of Mace Ave & White Plains Rd
- Lot Dimensions 50’ X 100’ *
- Lot Size 5,000 SF *
- Building Dimensions 50’ X 100’ *
- Building Size 5,300 SF *
- Units 4
- Zoning R6/C2-3
- Commercial FAR 2.00-10,000 BSF *
- Residential FAR 3.00-15,000 BSF *
- Community Use FAR 4.80-24,000 BSF *
- Taxes $39,511
- * Approximate
Financials
- REVENUE
- Commercial Income $206,272
- Insurance Reimbursement $5,300
- Water/Sewer Reimbursement $2,650
- Tax Abatement $13,418
- Projected Gross Income $227,640
- EXPENSES
- Real Estate Taxes $39,511
- Insurance $5,300
- Water/Sewer $2,650
- Repairs/Maintenance $6,427
- Management Fees $6,427
- Total Expenses $60,314
- SUMMARY
- Effective Gross Income (EGI) $27,640
- Expenses $60,314
- Net Operating Income (NOI) $167,326
- Cap Rate 5.97%
Transportation
- Located one avenue from the Allerton Avenue subway station serviced by the 2 and 5 trains