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Property Description

Calling All Investors, Developers & End-Users!!! 8,450+ Sqft. Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 8 Parking Spaces, High 14’ Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Blocks From I-95 & The Gun Hill Road Train Station!!! Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy’s, Marshall’s, Shake Shack, Firestone Complete Auto Care, Harbor Freight Tools, Buffalo Wild Wings, Wendy’s, Bob’s Discount Furniture, White Castle, Popeye’s Louisiana Kitchen, Golden Krust, Aldi, +++!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Income:

Domino’s (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes.

USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option.

M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes.

Gross Income: $313,498.44 Ann.

Expenses:

Gas: $0 Ann.

Electric: $0 Ann.

Maintenance & Repairs: $250 Ann.

Water & Sewer: $0 Ann.

Insurance: $4,296 Ann.

Taxes: $49,688.16 Ann.

Total Expenses: $54,234.16Ann.

Tax Rebate (Paid By The Stores): $90,192 Ann.

Pro Forma Net Operating Income (NOI): $349,456.28 Ann.

Features
Heating System:
Natural Gas
Cooling System:
Central Air
Basement:
Full
Sewer:
Public Sewer
Utilities:
Natural Gas Connected
Address Map
City:
NY
State:
NY
County:
Bronx County
Property and Construction
Development Status:
Block, Other
Agent MlsId:
176463
Office MlsId:
CBE01
Number Of Units:
4
Special Listing Conditions:
No
Tax Annual Amount:
$50,995
Water Source:
Other
Zoning:
R5/C2-2
PhotosCount:
22

Commercial Sale For Sale

3480 Boston Road, New York, NY

11,950 Acre
$5,850,000
Listing ID #891171
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
891171
Price :
$5,850,000
Bathrooms Total :
0
Building Area :
8,450 Sqft
Lot Area :
11,950 Acre
Year Built :
1950
Status :
Active
Status :
Active
Listing Office :
All Island Estates Realty Corp
Listing Agent :
Richard Matt Shane
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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