720 Clarence AVE #B Active Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10465
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $618
MLS Listing ID KEYL3520976
Originating Board onekey2
Rental Info No
Year Built 1920
Annual Tax Amount $14,007
Lot Dimensions 10x200
Property Description
Calling All Investors, Developers, & End-Users!!! Unique 2 Unit Bayfront Mixed-Use Property In Throgs Neck For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong C3A Zoning, 16 Parking Spaces, High 8' Ceilings, Separate Meters, Low Property Taxes, 6 Lots (27, 28, 29, 30, Part Of 60 + 62), 2 Car Garage, Huge Yard, Full Metal Pier, Massive Private Beach, Private 250' Boat Dock, Jacuzzi, In Ground Saltwater Pool, Seaplane Ramp, Separate Entrances, Gated Lot, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Throgs Neck On A HUGE 16,300 Sqft. Lot Just A Few Blocks From I-695/I-295. This Property Also Has Reparian Water Rights (120 x 250)Neighbors Include Starbucks, UPS, The Home Depot, Target, Dunkin', Walgreens, CVS, Planet Fitness, Five Guys, T.J. Maxx, The Bronx Zoo, Mobil, Sunoco, Taco Bell, McDonald's +++!!! The Entire Property Can Be Delivered Vacant. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 3 Br. Main House (1,200 Sqft.): $120,000 Ann. (Available) 3rd Floor 2 Br. Apt. (900 Sqft.): $48,000 Ann. (Available) 1st. Floor 2 br. Apt. (1,100 Sqft.): $50,400 Ann. (Available) Rear Unit (600 Sqft.): $26,400 Ann. (Available) Garage 1: $36,000 Ann. (Available) Garage 2: $36,000 Ann. (Available) Boat Slip Rental: $31,250 Ann. (Available) Pro Forma Gross Income: $348,050 Ann. Expenses: Insurance: $5,800 Ann. Taxes: $15,050 Ann. Total Expenses: $20,850 Ann. Net Operating Income (NOI): $327,200 Ann. (Pro Forma 13.92% Cap!!!)
Location
State NY
County Bronx County
Interior
Heating Baseboard,ENERGY STAR Qualified Equipment,Natural Gas
Fireplace No
Exterior
Waterfront Description Waterfront
View Panoramic,Water
Total Parking Spaces 16
Private Pool No
Building
Story 3
Others
Special Listing Condition None