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598 Grand Concourse

5,857 SF 100% Leased Retail Building Bronx, NY 10451 £1,838,758 (£314/SF) 6.78% Net Initial Yield

Investment Highlights

  • For Sale: 4-Story Mixed-Use Building Consisting of Commercial and Residential Units
  • Restaurant Tenant Pays for Water and Sewer, All Tenants Pay for Electric and Heat
  • Surrounded by Various Neighborhood Retail and Amenities such as McDonald's, Chinese Restaurant, Italian Restaurant, Clothing Stores, Schools, & More
  • Zoned for C4-4, Bronx, (O9)
  • Located Within Walking Distance to the 149 St - Grand Concourse Subway Station

Executive Summary

At this location is a 4-story mixed-use building composed of commercial and residential units. The building is zoned for C4-4, Bronx, (O9) and is currently fully-occupied. The restaurant tenant pays for the water and sewer expenses and all of the tenants pay for the electric and heat expenses.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,857 SF
Building Class
C
Year Built
1929
Price
£1,838,758
Price Per SF
£314
Net Initial Yield
6.78%
NOI
£124,723
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
2.24
Lot Size
0.06 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C4-4, Bronx, (O9)

Amenities

  • Restaurant
1 of 1
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Bank of America
IHOP
CrossFit
Applebee's
BJ's Wholesale Club
LIDL US, LLC
Chase Bank
Western Beef
Hook & Reel
Santander Bank Atm

PROPERTY TAXES

Parcel Number 02443-0042 Improvements Assessment £253,232
Land Assessment £31,689 Total Assessment £284,921

PROPERTY TAXES

Parcel Number
02443-0042
Land Assessment
£31,689
Improvements Assessment
£253,232
Total Assessment
£284,921
(516) 393-2300 x101

Contacts

  • Listing ID: 34146304

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 598 Grand Concourse, Bronx, NY 10451

The Retail Property at 598 Grand Concourse, Bronx, NY 10451 is currently available for sale. Contact American Investment Properties, Inc. for more information.

Nearby Listings

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© 2024 CoStar Group

598 Grand Concourse
(516) 393-2300 x 101

598 Grand Concourse

1/2

Ron Koenigsberg

(516) 393-2300

x101

(516) 393-2300 x101

Dawn Gingold

(516) 939-4309

(516) 939-4309

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