$ 8,488,000
27 Buchanan PL Bronx, NY 10453
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$ 8,488,000
Est. payment /mo
Price Dropped by $200K
27 Buchanan PL Bronx, NY 10453
4,791 Sqft Lot
UPDATED:
09/19/2024 06:00 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3572652
Originating Board onekey
Rental Info No
Year Built 2018
Annual Tax Amount $391
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x100
Property Description
Calling All Investors, Developers & End-Users!!! 20,858 Sqft. 26 Unit Corner Apartment Building With Private Gated Parking For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 12 Parking Spaces In Private Gated Lot, High 9' Ceilings, Strong R7-1 Zoning, Elevator, All New LED Lighting, 3 Phase Power, Sprinklers, Separate Meters, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Major Deegan Expy. Right Near Bronx Community College!!! Neighbors Include Toyota, YMCA, The Home Depot, Planet Fitness, Extra Space Storage, Dunkin', Walgreens, Best Buy, Chick-fil-A, AutoZone, Marshalls, Taco Bell, Mattress Firm, Burlington, Old Navy, Lukoil, +++!!! The Property Has A Fixed Rate Assumable Mortgage With 11 Years Left!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Apt. 2A: $24,018.84 Ann.; Lease Exp.: 9/30/25. Apt. 2B: $21,646.80 Ann.; Lease Exp.: 8/31/24. Apt. 2C: $22,713.24 Ann.; Lease Exp.: 9/30/24. Apt. 2D: $22,713.24 Ann.; Lease Exp.: 9/30/24. Apt. 3A: $22,679.52 Ann.; Lease Exp.: 10/31/25. Apt. 3B: $21,234.48 Ann.; Lease Exp.: 10/31/24. Apt. 3C: $20,652.72 Ann.; Lease Exp.: 9/30/25. Apt. 3D: $22,500.12 Ann.; Lease Exp.: 11/30/24. Apt. 3E: $24,135.72 Ann.; Lease Exp.: 7/31/24. Apt. 4A: $22,610.88 Ann.; Lease Exp.: 10/31/24 Apt. 4B: $21,182.88 Ann.; Lease Exp.: 10/31/24 Apt. 4C: $21,375.72 Ann.; Lease Exp.: 2/28/25. Apt. 4D: $22,123.80 Ann.; Lease Exp.: 11/30/24. Apt. 4E: $24,644.52 Ann.; Lease Exp.: 9/30/25. Apt. 5A: $22,610.88 Ann.; Lease Exp.: 11/30/24. Apt. 5B: $22,680 Ann.; Lease Exp: 9/30/24. Apt. 5C: $21,843.60 Ann.; Lease Exp.: 9/30/24. Apt. 5D: $22,070.16 Ann.; Lease Exp.: 9/30/25. Apt. 5E: $24,498 Ann.; Lease Exp.: 5/31/24. Apt. 6A: $22,455.36 Ann.; Lease Exp.: 9/30/25. Apt. 6B: $22,455.52 Ann.; Lease Exp.: 9/30/25. Apt. 6C: $26,319 Ann. (Available) Apt. 6D: $25,312.56 Ann.; Lease Exp.: 9/30/24. Apt. 7A: $24,704.52 Ann.; Lease Exp.: 9/30/24. Apt. 7B: $22,610.88 Ann.; Lease Exp.: 9/30/24. Total Rent: $571,792.96 Ann. 9 Parking Spaces: $24,000 Ann. Community Facility: $38,400 Ann. (Available) Expenses: Electric: $9,628 Ann. (Common Area Only) Heat/Hot Water: $18,000 Ann. Insurance: $11,000 Ann. Water/Sewer: $22,000 Ann. Maintenance & Repairs: $8,800 Ann. (Building Is Only 4 Years Old) Taxes: $391.44 Ann. (Protected For The Next 34 Years) Total Expenses: $69,819.44 Ann. Pro Forma Gross Income: $634,192.96 Ann. Net Operating Income (NOI): $564,373.52 Ann. (Pro Forma 6.5% Cap!!!)
Location
State NY
County Bronx
Zoning R71-Apt
Interior
Fireplace No
Building
Story 7
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • 516-783-5600