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Mixed-Use

1102-1104 Allerton Avenue

1102 Allerton Ave, Bronx, NY 10469

Listing Price: $940,000

Cap Rate
2.20%
Number of Units
4
Occupancy
50.0%
Price/Unit
$235,000
Price/Gross SF
$273.89
Gross SF
3,432

Investment Overview

The subject offering consists of a 3,432 square foot mixed-use building (1102 Allerton Avenue) and the adjoining 2,500 SF vacant lot (1104 Allerton Avenue). The property is located right off the corner of Laconia Avenue, in the Allerton section of the Bronx. The mixed-use building consists of a ground floor retail tenant and three residential units. The second and third floors each have one three-bedroom apartment. Both units have recently undergone complete renovations. The third unit is a one-bedroom apartment located on the ground floor. Both lots, 1102 Allerton Avenue and 1104 Allerton Avenue, are located on 2,500 square foot parcels (25 x 100) and zoned R4-1. There is 50 feet of combined frontage. The property is in close proximity to the 2 and 5 subway lines and residents have the choice of riding the BxM 10 express bus, which travels along Eastchester Road. This is an opportunity to acquire a great mixed-use property with tremendous upside along with a 2,500 square foot lot in a very affordable and safe neighborhood of the Bronx.

Investment Highlights

  • 3,432 SF Mixed-Use Building - Three Free Market Apartments and One Store
  • Sale Includes the 25x100 Vacant Lot Next Door
  • Two Renovated Apartments Will Be Delivered Vacant

Exclusively Listed By

Mixed-Use

1102-1104 Allerton Avenue

Listing Price: $940,000

Cap Rate
2.20%
Number of Units
4
Occupancy
50.0%
Price/Unit
$235,000
Price/Gross SF
$273.89
Gross SF
3,432

Investment Highlights

  • 3,432 SF Mixed-Use Building - Three Free Market Apartments and One Store
  • Sale Includes the 25x100 Vacant Lot Next Door
  • Two Renovated Apartments Will Be Delivered Vacant

Investment Overview

The subject offering consists of a 3,432 square foot mixed-use building (1102 Allerton Avenue) and the adjoining 2,500 SF vacant lot (1104 Allerton Avenue). The property is located right off the corner of Laconia Avenue, in the Allerton section of the Bronx. The mixed-use building consists of a ground floor retail tenant and three residential units. The second and third floors each have one three-bedroom apartment. Both units have recently undergone complete renovations. The third unit is a one-bedroom apartment located on the ground floor. Both lots, 1102 Allerton Avenue and 1104 Allerton Avenue, are located on 2,500 square foot parcels (25 x 100) and zoned R4-1. There is 50 feet of combined frontage. The property is in close proximity to the 2 and 5 subway lines and residents have the choice of riding the BxM 10 express bus, which travels along Eastchester Road. This is an opportunity to acquire a great mixed-use property with tremendous upside along with a 2,500 square foot lot in a very affordable and safe neighborhood of the Bronx.

Exclusively Listed By

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