27 Buchanan PL Active

Bronx,NY 10453

$ 8488000

- Bed

0 Bath

20858 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 20,858 sqft

Price per Sqft $406

MLS Listing ID KEYL3572652

Year Built 2018

Annual Tax Amount $391

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

Building

Story 7

Others

Special Listing Condition None

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