6661-6671 Broadway, The Bronx NY 10471 - 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. February 10, 2015 4:33 PM
6661-6671 Broadway, The Bronx NY 10471 Riverdale Corner Retail Strip | 5,250 Square Feet | FOR SALE PROPERTY INFORMATION Location
The subject property is located on the northwest corner of Broadway and West 262nd Street
Address
6661-6671 Broadway
Block (Lot)
5888 / 1556
Stories
1
Retail Units
6
Zoning (FAR)
R6 / C1-2 (3.00 / 2.00)
Building Class
K1
Lot Dimensions
95.65' x 58.31'
Lot Area
5,472
Buildable Footage
16,416
Gross Building Sq. Ft.
5,250
Air Rights
11,166
Assesment (14/15)
$262,317
ICIP Exemption*
($5,914)
Taxes (14/15)
$22,112
Asking Price:
$1,800,000 *ICIP Exemption Expires June 30th, 2025
INVESTMENT HIGHLIGHTS
TAX MAP Spencer Avenue
SCHEDULED INCOME
Sp en ce r
P la ce
5888 West 262nd Street
Ariel Property Advisors is pleased to present 6661-6671 Broadway, a corner retail strip consisting of six (6) commercial tenants occupying 5,250 square feet on Broadway. This commercial property is located on the Northwest corner of Broadway and 262nd Street in North Riverdale. With the current tenants leases expiring, the asset provides investors an ample opportunity to reposition or develop the property. The property is located across the street from one of the largest parks in NYC, Van Cortlandt Park. Please contact our sales team for more information about this property and to schedule an inspection.
1556
Broad
way
EXPENSES EXPENSES: (ESTIMATED)
Current Roll Scheduled Gross Rental Income:
$139,200
Real Estate Taxes (14/15)
$22,112
Less Vacancy Rate Reserve (5.0%):
($6,960)
Insurance
$5,250
Gross Operating Income:
$132,240
Legal/Miscellaneous
$1,322
Less Expenses:
($32,652)
23%
% of SGI
Management
$3,967
$99,588
5.53%
Cap Rate
Gross Operating Expenses
Net Operating Income:
$32,652
Asking Price: $1,800,000 For More Information Please Contact Our Exclusive Sales Agents Scot Hirschfield
Victor Sozio
Joshua Berkowitz
Jason M. Gold
Marko Agbaba
212.544.9500 x.16
212.544.9500 x.12
212.544.9500 x.41
212.544.9500 x.22
212.544.9500 ext.32
[email protected]
[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
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. February 10, 2015 4:33 PM
6661-6671 Broadway, The Bronx NY 10471 Riverdale Corner Retail Strip | 5,250 Square Feet | FOR SALE RENT ROLL Tenant
Unit
Actual / Projected
Sq. Ft.
Monthly Rent
Lease Expiration
Vacant
6661
Projected
1,000
$2,000
-
Vacant
6663
Projected
1,000
$2,000
-
Vacant
6665
Projected
800
$1,900
-
Personal Trainer
6667
Actual
900
$1,650
1/1/2020
Chinese Restaurant
6669
Actual
900
$2,150
1/1/2020
Staffing Agency
6671
Actual
650
$1,900
1/1/2018
Total Monthly Rent
$11,600
Total Annual Rent
$139,200
3D VIEW
LOCATION MAP Subject Property
1 2 3 4 5 6
7
1
10
9
6 3
5
2
4
College of Mount Saint Vincent Van Cortlandt Park Judaica Museum SAR High School St. Margaret of Cortona School Hebrew Home At Riverdale
1 Metro Station - 254th Street 1
7 10 9 Bus Stations
Asking Price: $1,800,000 For More Information Please Contact Our Exclusive Sales Agents Scot Hirschfield
Victor Sozio
Joshua Berkowitz
Jason M. Gold
Marko Agbaba
212.544.9500 x.16
212.544.9500 x.12
212.544.9500 x.41
212.544.9500 x.22
212.544.9500 ext.32
[email protected]
[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
6661-6671 Broadway, The Bronx NY 10471 Riverdale Corner Retail Strip | 5,250 Square Feet | FOR SALE PROPERTY INFORMATION Location
The subject property is located on the northwest corner of Broadway and West 262nd Street
Address
6661-6671 Broadway
Block (Lot)
5888 / 1556
Stories
1
Retail Units
6
Zoning (FAR)
R6 / C1-2 (3.00 / 2.00)
Building Class
K1
Lot Dimensions
95.65' x 58.31'
Lot Area
5,472
Buildable Footage
16,416
Gross Building Sq. Ft.
5,250
Air Rights
11,166
Assesment (14/15)
$262,317
ICIP Exemption*
($5,914)
Taxes (14/15)
$22,112
Asking Price:
$1,800,000 *ICIP Exemption Expires June 30th, 2025
INVESTMENT HIGHLIGHTS
TAX MAP Spencer Avenue
SCHEDULED INCOME
Sp en ce r
P la ce
5888 West 262nd Street
Ariel Property Advisors is pleased to present 6661-6671 Broadway, a corner retail strip consisting of six (6) commercial tenants occupying 5,250 square feet on Broadway. This commercial property is located on the Northwest corner of Broadway and 262nd Street in North Riverdale. With the current tenants leases expiring, the asset provides investors an ample opportunity to reposition or develop the property. The property is located across the street from one of the largest parks in NYC, Van Cortlandt Park. Please contact our sales team for more information about this property and to schedule an inspection.
1556
Broad
way
EXPENSES EXPENSES: (ESTIMATED)
Current Roll Scheduled Gross Rental Income:
$139,200
Real Estate Taxes (14/15)
$22,112
Less Vacancy Rate Reserve (5.0%):
($6,960)
Insurance
$5,250
Gross Operating Income:
$132,240
Legal/Miscellaneous
$1,322
Less Expenses:
($32,652)
23%
% of SGI
Management
$3,967
$99,588
5.53%
Cap Rate
Gross Operating Expenses
Net Operating Income:
$32,652
Asking Price: $1,800,000 For More Information Please Contact Our Exclusive Sales Agents Scot Hirschfield
Victor Sozio
Joshua Berkowitz
Jason M. Gold
Marko Agbaba
212.544.9500 x.16
212.544.9500 x.12
212.544.9500 x.41
212.544.9500 x.22
212.544.9500 ext.32
[email protected]
[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
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. February 10, 2015 4:33 PM
6661-6671 Broadway, The Bronx NY 10471 Riverdale Corner Retail Strip | 5,250 Square Feet | FOR SALE RENT ROLL Tenant
Unit
Actual / Projected
Sq. Ft.
Monthly Rent
Lease Expiration
Vacant
6661
Projected
1,000
$2,000
-
Vacant
6663
Projected
1,000
$2,000
-
Vacant
6665
Projected
800
$1,900
-
Personal Trainer
6667
Actual
900
$1,650
1/1/2020
Chinese Restaurant
6669
Actual
900
$2,150
1/1/2020
Staffing Agency
6671
Actual
650
$1,900
1/1/2018
Total Monthly Rent
$11,600
Total Annual Rent
$139,200
3D VIEW
LOCATION MAP Subject Property
1 2 3 4 5 6
7
1
10
9
6 3
5
2
4
College of Mount Saint Vincent Van Cortlandt Park Judaica Museum SAR High School St. Margaret of Cortona School Hebrew Home At Riverdale
1 Metro Station - 254th Street 1
7 10 9 Bus Stations
Asking Price: $1,800,000 For More Information Please Contact Our Exclusive Sales Agents Scot Hirschfield
Victor Sozio
Joshua Berkowitz
Jason M. Gold
Marko Agbaba
212.544.9500 x.16
212.544.9500 x.12
212.544.9500 x.41
212.544.9500 x.22
212.544.9500 ext.32
[email protected]
[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
