Retail store, Bronx, New York

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Retail store, Bronx, New York

$6,150,000
$2,017 /m²
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  • Total area
    3,048 m²
  • Yield
    5.0%
Details
Financial performance
  • Annual income: $277,621
Tenants
  • Fully let
  • End of lease: 2027

A retail store in Bronx.

Description

A completely renovated building in Bronx.

The cost of repairs amounted 3 million dollars.

Financial performance

The cost of the property is 6,150,000 $.

The absolute annual income is 308,115 $.

The current yield is 5,0%.

Tenants

The tenant is a medical service of one of the largest clinics of Fortune 500.

The lease agreement with extension options 3х5 years (balance — 9 years).

Location and nearby infrastructure

The property is located on the corner of two busy shopping streets in Bronx — one of the five boroughs of New York (the only one on the continental part of land). The population of the region is about 1.5 million people.

The building is located next to the metro lines.

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If this property wasn’t for you, take a look at other retail space for sale in Bronx.

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