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    1393 Plimpton Avenue

    Bronx, NY 10452
    • $720,000
    • STATUS: Active
    • MLS #: H6109811
    UPDATED: 66 min ago
    $720,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1931
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Unique opportunity in Highbridge. This mixed use property allows the owner to either keep the property as is, or develop the property to realize its biggest and best use. Currently, 1393 Plimpton Ave has a functioning bodega on the ground floor (paying $3600/ month), complete with a back office, and full basement. The water heaters are brand new, electrical has been updated and the roof has recently been resurfaced. Above the commercial space, is a 2 bed, 1 bath rental unit, that is currently collecting $1768/ month. All tenants are current with their rent. As a development site, this 25 x 100 lot offers the owner the ability to build an 8600+ SF structure, which would yield 9+ apartments. The commercial overlay also allows the owner to utilize the ground floor commercial space, to maximize rental income. Expenses: $16,439 tax $2,271 water $2,000 insurance $4,050 con ed $24,760 total expenses Income: $64,416 rent Net Income: $39,656 Cap Rate: 5.5%

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    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2021-09-23T16:17:32.883.
    www.barbaracarterteam.com/homes/116224729
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    1393 Plimpton Avenue Bronx, NY 10452

    • Price: $720,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: H6109811
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1931
    Built
    Neighborhood:
    Bronx
    County:
    Bronx
    Area:
    Bronx
    School District:
    City Of New York
    Property Description
    Unique opportunity in Highbridge. This mixed use property allows the owner to either keep the property as is, or develop the property to realize its biggest and best use. Currently, 1393 Plimpton Ave has a functioning bodega on the ground floor (paying $3600/ month), complete with a back office, and full basement. The water heaters are brand new, electrical has been updated and the roof has recently been resurfaced. Above the commercial space, is a 2 bed, 1 bath rental unit, that is currently collecting $1768/ month. All tenants are current with their rent. As a development site, this 25 x 100 lot offers the owner the ability to build an 8600+ SF structure, which would yield 9+ apartments. The commercial overlay also allows the owner to utilize the ground floor commercial space, to maximize rental income. Expenses: $16,439 tax $2,271 water $2,000 insurance $4,050 con ed $24,760 total expenses Income: $64,416 rent Net Income: $39,656 Cap Rate: 5.5%
    Interior Features

    Cooling None Cooling YN No

    Property Features

    Net Operating Income 42000.00 Operating Expense 24760.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 16439.00 Zoning Description R7-1C1-4

    Listing courtesy of Andrew Freerks of Andrew J. Freerks.
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2021-09-23T16:17:32.883.
     
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    Barbara Carter Team | Century 21 Alliance Realty Group
    652 Route 299, Suite 100
    Highland NY, 12528