Price Reduced Listing
$7,300,000
( $432.05Per Sq Foot )
 $39,188 est/mo Sourced by Back At You

3573 Laconia Avenue , Bronx, NY 10469

Bronx, NY 10469

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Description

Calling All Investors, Developers & End-Users!!! 16,896 Sqft. 20 Unit Apartment Building With Private Gated Parking In The Bronx For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 13 Parking Spaces In a Private Gated Lot, Bicycle Storage, Basement, High 8’ Ceilings, Strong R5D Zoning, All New LED Lighting, Separate Meters, 3 Phase Power, Sprinklers, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Bronx River Parkway Off E. Gun Hill Road!!! Neighbors Include Toyota, Nissan, YMCA, The Home Depot, L.A. Fitness, Macy’s, Dunkin’, Walgreens, Wendy’s, Aldi, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Apt. 1A: $28,359 Ann.; Lease Exp.: 7/31/26. Legal Rent: $38,962.80 Ann. Apt. 1B: $28,359 Ann.; Lease Exp.: 9/14/26. Legal Rent: $38,962.80 Ann. Apt. 2A: $28,975.44 Ann.; Lease Exp.: 7/31/26. Legal Rent: $38,962.80 Ann. Apt. 2B: $28,122.24 Ann.; Lease Exp.: 8/31/26.Legal Rent: $36,373.44 Ann. Apt. 2C: $31,651.08 Ann.; Lease Exp.: 7/31/26. Legal Rent: $46,545.72 Ann. Apt. 2D: $29,680.44 Ann.; Lease Exp.: 9/30/25.Legal Rent: $38,962.80 Ann. Apt. 2E: $28,910.04 Ann.; Lease Exp.: 9/30/26. Legal Rent: $28,910.04 Ann. Apt. 2F: $33,291 Ann.; Lease Exp.: 8/31/26. Legal Rent: $46.545.72 Ann. Apt. 3A: $28,359 Ann.; Lease Exp.: 7/31/26. Legal Rent: $38,962.80 Ann. Apt. 3B: $29,427.84 Ann.; Lease Exp.: 9/31/26. Legal Rent: $36,373.44 Ann. Apt. 3C: $30,804 Ann.; Lease Exp.: 11/30/25.Legal Rent: $30,804 Ann. Apt. 3D: $28,359 Ann.; Lease Exp.: 9/4/26.Legal Rent: $38,962.80 Ann. Apt. 3E: $28,428 Ann.; Lease Exp.: 7/31/25.Legal Rent: $39,057.60 Ann. Apt. 3F: $31,651.08 Ann. ; Lease Exp.: 9/30/26. Legal Rent: $31,651.08 Ann. Apt. 4A: $28,543.92 Ann.; Lease Exp.: 7/31/26.Legal Rent: $38,962.80 Ann. Apt. 4B: $26,988 Ann.; Lease Exp.: 7/31/25Legal Rent: $26,988 Ann. Apt. 4C: $30,804 Ann.; Lease Exp.: 1/14/25.Legal Rent: $30,804 Ann. Apt. 4D: $40,416 Ann.; Lease Exp.: 9/30/26.Legal Rent: $50,520 Ann. Apt. 4E: $28,292.04 Ann.; Lease Exp.: 9/30/25. Legal Rent: $28,292.04 Ann. Apt. 4F: $32,754 Ann.; Lease Exp.: 8/31/25. Legal Rent: $46,545.72 Ann. Total Gross Rent: $602,175.12 Ann. Total Legal Rent: $752,150.40 Ann. Expenses: Electric: $6,000 Ann. (Common Area Only)Heat/Hot Water: $14,000 Ann. Insurance: $14,500 Ann. Water/Sewer: $12,000 Ann. Taxes: $2,651.68 Ann. (Protected For The Next 34 Years) Total Expenses: $49,151.68 Ann. Current Gross Income: $602,175.12 Ann. Pro Forma Gross Income: $752,150.40 Ann. Current Net Operating Income (NOI): $553,023.44 Ann. (8.25% Cap) Pro Forma Net Operating Income (NOI): $702,998.72 Ann. (9.63% Cap)

Details

MLS#L3572640
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2022
Days On Site185
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet16,896
Story(s)4
Units20
ZoningApartment
Acreage0.17

Market Activity 10469

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 Code10469
Listing VS Median (in 10469)
Price:
$7,300,000
low | high
Med:
$699,000
100% of Average
SqFt:
16,896
low | high
Med:
2,932
100% of Average
$ / SqFt:
$432
low | high
Med:
$238
94.820946009083% of Average
On Site:
185
low | high
Med:
195.000000
94.871794871795% of Average
Sourced by Back At You
Listing Updated: February 7, 2025 at 3:03:40 PM PST
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