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3480-3490 Boston/Eastchester (3377) Road, Bronx, NY 10469
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$10,500,000
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Home Details for 3480-3490 Boston/Eastchester (3377) Road
Price
$10,500,000
Type
Commercial/Industrial
County
Bronx
Tax
$120,526.32
MLS®️ Listing#
854601
On exitrealty.com
167 days
Property Description
Calling All Investors, Developers & End-Users!!! 12,500 Sqft. Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 23 Parking Spaces, High 14’ Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Blocks From I-95 & The Gun Hill Road Train Station!!! Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy’s, Marshall’s, Shake Shack, Firestone Complete Auto Care, Harbor Freight Tools, Buffalo Wild Wings, Wendy’s, Bob’s Discount Furniture, White Castle, Popeye’s Louisiana Kitchen, Golden Krust, Aldi, +++!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Domino’s (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes.
USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option.
M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes.
Corner Lot + Building (10,000 Sqft.): $450,000 Ann. NNN (Available)
Pro Forma Gross Income: $763,498.44 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $8,296 Ann.
Taxes: $120,256 Ann.
Total Expenses: $128,802 Ann.
Tax Rebate (Paid By The Stores): $90,192 Ann.
Pro Forma Net Operating Income (NOI): $724,988.44 Ann.
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- Utilities
- Natural Gas Available
- Natural Gas Connected
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Listing Courtesy: All Island Estates Realty Corp - 516-783-5600. Presented by: Richard Matt Shane
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. 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 deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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