305 East 182nd Street, The Bronx NY 10457 - AGORAFY
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. December 2, 2014 5:57 PM
305 East 182nd Street, The Bronx NY 10457 36,000 SF Parking Garage | FOR SALE Asking Price
$2,300,000
Location:
The subject property is located on the north side of 182nd Street between Tiebout Avenue and Folin Street.
Block/Lot:
3143 / 179
Lot Dimensions:
199.14' x 145.7' (irr.)
Lot Area:
22,313
Building Dimensions:
197' x 109' (irr.)
Gross Building Area:
36,000
Stories:
4
Zoning (FAR):
C8-3, R7-1
Assessment (14/15)
$420,750
Taxes (14/15)
$44,953
SF (Approx)
SF (Approx)
(2.00, 3.44) Split Zoning
3D View
Investment Highlights
Ariel Property Advisors is please to present 305 East 182nd Street on the north side of 182nd street between Tiebout Avenue and Webster Avenue. The parking facility consists of 240 parking spots with split zoning of C8-3/R7-1, which allows for approximately 35,000 commercial buildable square feet and 17,000 residential buildable square feet. Current NOI is approximately $160,000 and there is potential for a new operator to increase revenues while bringing expenses down. Located just a few blocks from the B,D,4 subway trains and minutes from the Cross Bronx Expressway, the property provides easy access to all of the outer boroughs. Please contact our sales team for more information about this property and to schedule an inspection. Building Financials Current Roll Potential Gross Income:
$497,664
Less Vacancy Rate Reserve (35%):
($174,182)
Gross Operating Income:
$323,482
Less Expenses:
Cap Rate
Price per SF
Number Of Spots
6.83%
$64
240
($164,288)
Net Operating Income:
$159,194 Zoning Breakdown Estimated Expenses
Real Estate Taxes (14/15): Insurance:
Zoning $44,953
Zoning (FAR):
$8,875
Utilities:
$10,800
Elevator:
$2,160
Cleaning, Maintenance & Repairs: Miscellaneous:
Buildable Area:
$7,500 $80,000
Gross Operating Expenses:
$164,288
17,420 SF
Combined Lot Area:
$10,000
Payroll:
C8-3 (2.00)
Lot Area:
51% of PGI
R7-1 (3.44) 4,893 SF
22,313 SF 34,840 SF
16,832 SF
Combined Buildable Area:
51,672 SF
Gross Building Area:
36,000 SF
Total Air Rights:
15,672 SF
*All square footage is approximate
Asking Price: $2,300,000 For More Information Please Contact Our Exclusive Sales Agents Scot Hirschfield
Jason M. Gold
Victor Sozio
Marko Agbaba
212.544.9500 ext. 16
212.544.9500 ext. 22
212.544.9500 ext. 12
212.544.9500 ext.32
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
305 East 182nd Street, The Bronx NY 10457 36,000 SF Parking Garage | FOR SALE Asking Price
$2,300,000
Location:
The subject property is located on the north side of 182nd Street between Tiebout Avenue and Folin Street.
Block/Lot:
3143 / 179
Lot Dimensions:
199.14' x 145.7' (irr.)
Lot Area:
22,313
Building Dimensions:
197' x 109' (irr.)
Gross Building Area:
36,000
Stories:
4
Zoning (FAR):
C8-3, R7-1
Assessment (14/15)
$420,750
Taxes (14/15)
$44,953
SF (Approx)
SF (Approx)
(2.00, 3.44) Split Zoning
3D View
Investment Highlights
Ariel Property Advisors is please to present 305 East 182nd Street on the north side of 182nd street between Tiebout Avenue and Webster Avenue. The parking facility consists of 240 parking spots with split zoning of C8-3/R7-1, which allows for approximately 35,000 commercial buildable square feet and 17,000 residential buildable square feet. Current NOI is approximately $160,000 and there is potential for a new operator to increase revenues while bringing expenses down. Located just a few blocks from the B,D,4 subway trains and minutes from the Cross Bronx Expressway, the property provides easy access to all of the outer boroughs. Please contact our sales team for more information about this property and to schedule an inspection. Building Financials Current Roll Potential Gross Income:
$497,664
Less Vacancy Rate Reserve (35%):
($174,182)
Gross Operating Income:
$323,482
Less Expenses:
Cap Rate
Price per SF
Number Of Spots
6.83%
$64
240
($164,288)
Net Operating Income:
$159,194 Zoning Breakdown Estimated Expenses
Real Estate Taxes (14/15): Insurance:
Zoning $44,953
Zoning (FAR):
$8,875
Utilities:
$10,800
Elevator:
$2,160
Cleaning, Maintenance & Repairs: Miscellaneous:
Buildable Area:
$7,500 $80,000
Gross Operating Expenses:
$164,288
17,420 SF
Combined Lot Area:
$10,000
Payroll:
C8-3 (2.00)
Lot Area:
51% of PGI
R7-1 (3.44) 4,893 SF
22,313 SF 34,840 SF
16,832 SF
Combined Buildable Area:
51,672 SF
Gross Building Area:
36,000 SF
Total Air Rights:
15,672 SF
*All square footage is approximate
Asking Price: $2,300,000 For More Information Please Contact Our Exclusive Sales Agents Scot Hirschfield
Jason M. Gold
Victor Sozio
Marko Agbaba
212.544.9500 ext. 16
212.544.9500 ext. 22
212.544.9500 ext. 12
212.544.9500 ext.32
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
