Price Reduced Listing
$8,300,000
( $397.93Per Sq Foot )
 $44,556 est/mo Sourced by Back At You

27 Buchanan Place , Bronx, NY 10453

Bronx, NY 10453

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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: $24,787.44 Ann.; Lease Exp.: 9/30/25. Apt. 2B: $22,242 Ann.; Lease Exp.: 8/31/26. Apt. 2C: $23,905.68 Ann.; Lease Exp.: 9/30/26. Apt. 2D: $23,905.68 Ann.; Lease Exp.: 9/30/26. Apt. 3A: $23,405.16 Ann.; Lease Exp.: 10/31/25. Apt. 3B: $21,871.44 Ann.; Lease Exp.: 10/31/25. Apt. 3C: $21,313.56 Ann.; Lease Exp.: 9/30/25. Apt. 3D: $22,991.64 Ann.; Lease Exp.: 11/30/26. Apt. 3E: $24,799.44 Ann.; Lease Exp.: 1/31/26. Apt. 4A: $23,797.92 Ann.; Lease Exp.: 10/31/26 Apt. 4B: $21,860.76 Ann.; Lease Exp.: 10/31/25 Apt. 4C: $21,866.40 Ann.; Lease Exp.: 2/28/27. Apt. 4D: $22,787.40 Ann.; Lease Exp.: 11/30/25. Apt. 4E: $25,433.04 Ann.; Lease Exp.: 9/30/25. Apt. 5A: $23,797.92 Ann.; Lease Exp.: 11/30/26. Apt. 5B: $23,360.40 Ann.; Lease Exp: 9/30/25. Apt. 5C: $22,498.80 Ann.; Lease Exp.: 9/30/25. Apt. 5D: $22,621.80 Ann. (Available) Apt. 5E: $25,977.12 Ann.; Lease Exp.: 5/31/26. Apt. 6A: $23,173.92 Ann.; Lease Exp.: 9/30/26. Apt. 6B: $23,163.72 Ann.; Lease Exp.: 9/30/25. Apt. 6C: $26,319 Ann.; Lease Exp.: 4/20/25. Apt. 6D: $26,641.44 Ann.; Lease Exp.: 9/30/26. Apt. 7A: $26,001.48Ann.; Lease Exp.: 9/30/26. Apt. 7B: $23,289.12 Ann.; Lease Exp.: 9/30/25. Total Rent: $591,812.28 Ann. 9 Parking Spaces: $22,800 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 Until 2055!) Total Expenses: $69,819.44 Ann. Pro Forma Gross Income: $653,012.28 Ann. Pro Forma Net Operating Income (NOI): $583,192.84 Ann.

Details

MLS#L3572652
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2018
Days On Site185
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet20,858
Story(s)7
Units26
ZoningR71-Apt
Acreage0.11

Market Activity 10453

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the OneKey® MLS

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Learn More About This Property

StateNY
CountyBronx County
CityBronx
Zip Code10453
Listing VS Median (in 10453)
Price:
$8,300,000
low | high
Med:
$900,000
100% of Average
SqFt:
20,858
low | high
Med:
3,288
100% of Average
$ / SqFt:
$398
low | high
Med:
$274
81.213173863337% of Average
On Site:
185
low | high
Med:
494.000000
37.449392712551% of Average
Sourced by Back At You
Listing Updated: February 5, 2025 at 5:29:11 PM PST
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