33
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$8,488,000
Est. payment /mo
Active
27 Buchanan PL Bronx, NY 10453
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UPDATED:
12/04/2024 10:13 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3572652
Originating Board onekey2
Rental Info No
Year Built 2018
Annual Tax Amount $391
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 County
Interior
Fireplace No
Exterior
Private Pool No
Building
Story 7
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp
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