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27 Buchanan Place

Bronx, NY 10453
  • $8,488,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 3572652
UPDATED: 122 min ago
$8,488,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2018
County:

School Ratings & Info

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!!!)

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© 2024 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 Keller Williams Realty NYC Group. Data last updated: 2024-12-04T14:17:43.463.
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27 Buchanan Place Bronx, NY 10453

  • Price: $8,488,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 122 min ago
  • MLS #: 3572652
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2018
Built
County:
Bronx
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!!!)
Exterior Features

Cross Street Davidson Avenue Pool Private YN No Road Responsibility Public Maintained Road Stories Total 7

Interior Features

Basement YN No Electric Three Phase Elevator Type Passenger Elevator YN Yes Num Of1 Bed Rooms 0 Num Of2 Bed Rooms 0 Num Of3 Bed Rooms 0 Num Of4 Bed Rooms 0

Property Features

Additional Fees 0.00 Additional Fees YN No Additional Parcel YN No Association YN No Building Area Total 20858 Gross Income 634193 Lot Size Dimensions 50x100 Net Operating Income 564374 Operating Expense 69819 Postal City Bronx Seasonal YN No Spa YN No Tax Annual Amount 391 Tax Section 11 Zoning R71-Apt

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp: 516-783-5600
© 2024 OneKey MLS. All rights reserved.


© 2024 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 Keller Williams Realty NYC Group. Data last updated: 2024-12-04T14:17:43.463.
 
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Keller Williams Realty NYC Group
2300 Eastchester Road
Bronx NY, 10469