UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Parkchester
MLS Listing ID 1049754
Rental Info No
Year Built 1930
Annual Tax Amount $38,223
Lot Size 4,051 Sqft
Acres 0.093
Property Sub-Type Mixed Use
Source onekey2
Property Description
This 2-story mixed-use building sits on an approximately 45 x 90 lot and offers approximately 7,300 SF of usable space, with potential maximum buildable area of approximately 12,285 SF under R6 / C1-2 zoning, subject to architect review and government approvals.
The property features 9 income sources, including 5 retail stores, 2 offices, and 2 residential units. The five retail stores are long-established businesses, with some operating for over 30 years, providing stable rental income. Current annual rental income is close to $290,000, with potential annual income estimated at approximately $350,000+ with future rent adjustments.
Prime location near subway and bus transportation, including nearby 6 train / Q44 bus access, and approximately 15 minutes by car to Downtown Flushing / Main Street. Excellent opportunity for investors seeking a high-exposure corner asset with stable cash flow, diversified income, long-term holding value, and future upside potential.
Location
State NY
County Bronx County
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Bronx 12
School District Bronx 12
Others
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.