3129 Perry Ave
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3129 Perry Ave
14,200 SF Retail Building Bronx, NY 10467 £1,300,872 (£92/SF) 11.83% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 4 Unit Mixed-Use Building With Garage For Sale In The Bronx!!!
- The Property Is Located In The Heart The Bronx On Perry Avenue In Between The Mosholu Parkway & Bronx River Parkway!!!
- This Property Offers HUGE Upside Potential!!!
- The Building Features Great Exposure, Excellent Signage, Strong R5B/R5D/C1-4 Zoning, 11 Parking Spaces, High 9’ Ceilings, (3) 2 Br. Apts., +++!!!
- Neighbors Include Starbucks, Citi, Extra Space Storage, Best Buy, Blink Fitness, Crunch Fitness, Walgreens, Marshalls, Burlington, McDonald’s, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 4 Unit Mixed-Use Building With Garage For Sale In The Bronx!!! The Building Features Great Exposure, Excellent Signage, Strong R5B/R5D/C1-4 Zoning, 11 Parking Spaces, High 9’ Ceilings, (3) 2 Br. Apts., Basement With 8’ Ceilings, 2 Skylights, 2 Private Driveways, Garage, Ramp, Accessible Bathrooms, LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart The Bronx On Perry Avenue In Between The Mosholu Parkway & Bronx River Parkway!!! Neighbors Include Starbucks, Citi, Extra Space Storage, Best Buy, Blink Fitness, Crunch Fitness, Walgreens, Marshalls, Burlington, McDonald’s, Chick-fil-A, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor + LL (8,600 Sqft.): $144,000 Ann. (Available)
2nd Floor:
Apt. 1 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
Apt. 2 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
3rd Floor:
Apt. 3 (2,800 Sqft., 2 Br. Apt.): $45,600 Ann. (Available)
Pro Forma Gross Income: $266,400 Ann.
Expenses:
Gas & Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,200 Ann.
Insurance: $4,638 Ann.
Taxes: $56,124 Ann.
Total Expenses: $68,212 Ann.
Net Operating Income (NOI): $198,188 Ann. (Pro Forma 11.83 Cap!!!)
Income:
1st Floor + LL (8,600 Sqft.): $144,000 Ann. (Available)
2nd Floor:
Apt. 1 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
Apt. 2 (2,800 Sqft., 2 Br. Apt.): $38,400 Ann. (Available)
3rd Floor:
Apt. 3 (2,800 Sqft., 2 Br. Apt.): $45,600 Ann. (Available)
Pro Forma Gross Income: $266,400 Ann.
Expenses:
Gas & Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,200 Ann.
Insurance: $4,638 Ann.
Taxes: $56,124 Ann.
Total Expenses: $68,212 Ann.
Net Operating Income (NOI): $198,188 Ann. (Pro Forma 11.83 Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£206,897
|
£14.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£206,897
|
£14.57
|
| Taxes |
£43,588
|
£3.07
|
| Operating Expenses |
£9,388
|
£0.66
|
| Total Expenses |
£52,976
|
£3.73
|
| Net Operating Income |
£153,921
|
£10.84
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £206,897 |
| Annual Per SF | £14.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £206,897 |
| Annual Per SF | £14.57 |
| Taxes | |
|---|---|
| Annual | £43,588 |
| Annual Per SF | £3.07 |
| Operating Expenses | |
|---|---|
| Annual | £9,388 |
| Annual Per SF | £0.66 |
| Total Expenses | |
|---|---|
| Annual | £52,976 |
| Annual Per SF | £3.73 |
| Net Operating Income | |
|---|---|
| Annual | £153,921 |
| Annual Per SF | £10.84 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Funeral Home
Building Size
14,200 SF
Year Built
1966
Price
£1,300,872
Price Per SF
£92
Net Initial Yield
11.83%
NOI
£153,921
Tenancy
Single
Number of Floors
3
Building FAR
2.58
Lot Size
0.13 AC
Zoning
R5B, R5D, C1-4
Parking
2 Spaces (0.14 Spaces per 1,000 SF Leased)
Frontage
133 ft on Perry
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (84)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03341-0026 | Total Assessment | £393,756 |
| Land Assessment | £43,417 | Annual Taxes | £43,588 (£3.07/sf) |
| Improvements Assessment | £350,339 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03341-0026
Land Assessment
£43,417
Improvements Assessment
£350,339
Total Assessment
£393,756
Annual Taxes
£43,588 (£3.07/sf)
Tax Year
2024
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