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  • 27 Buchanan Place Bronx, NY 10453
    $8,688,000
    $8,488,000
    Mixed Use Commercial PRICE REDUCED ML# 3572652
    Calling All Investors, Developers & End-Users!!! 20, 858 Sqft. 26 Unit Corner Apartment Building With Private Gated Parking For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 12 Parking Spaces In Private Gated Lot, High 9’ Ceilings, Strong R7-1 Zoning, Elevator, All New LED Lighting, 3 Phase Power, Sprinklers, Separate Meters, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Major Deegan Expy. Right Near Bronx Community College!!! Neighbors Include Toyota, YMCA, The Home Depot, Planet Fitness, Extra Space Storage, Dunkin’, Walgreens, Best Buy, Chick-fil-A, AutoZone, Marshalls, Taco Bell, Mattress Firm, Burlington, Old Navy, Lukoil, +++!!! The Property Has A Fixed Rate Assumable Mortgage With 11 Years Left!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Apt. 2A: $24, 018.84 Ann.; Lease Exp.: 9/30/25. Apt. 2B: $21, 646.80 Ann.; Lease Exp.: 8/31/24. Apt. 2C: $22, 713.24 Ann.; Lease Exp.: 9/30/24. Apt. 2D: $22, 713.24 Ann.; Lease Exp.: 9/30/24. Apt. 3A: $22, 679.52 Ann.; Lease Exp.: 10/31/25. Apt. 3B: $21, 234.48 Ann.; Lease Exp.: 10/31/24. Apt. 3C: $20, 652.72 Ann.; Lease Exp.: 9/30/25. Apt. 3D: $22, 500.12 Ann.; Lease Exp.: 11/30/24. Apt. 3E: $24, 135.72 Ann.; Lease Exp.: 7/31/24. Apt. 4A: $22, 610.88 Ann.; Lease Exp.: 10/31/24 Apt. 4B: $21, 182.88 Ann.; Lease Exp.: 10/31/24 Apt. 4C: $21, 375.72 Ann.; Lease Exp.: 2/28/25. Apt. 4D: $22, 123.80 Ann.; Lease Exp.: 11/30/24. Apt. 4E: $24, 644.52 Ann.; Lease Exp.: 9/30/25. Apt. 5A: $22, 610.88 Ann.; Lease Exp.: 11/30/24. Apt. 5B: $22, 680 Ann.; Lease Exp: 9/30/24. Apt. 5C: $21, 843.60 Ann.; Lease Exp.: 9/30/24. Apt. 5D: $22, 070.16 Ann.; Lease Exp.: 9/30/25. Apt. 5E: $24, 498 Ann.; Lease Exp.: 5/31/24. Apt. 6A: $22, 455.36 Ann.; Lease Exp.: 9/30/25. Apt. 6B: $22, 455.52 Ann.; Lease Exp.: 9/30/25. Apt. 6C: $26, 319 Ann. (Available) Apt. 6D: $25, 312.56 Ann.; Lease Exp.: 9/30/24. Apt. 7A: $24, 704.52 Ann.; Lease Exp.: 9/30/24. Apt. 7B: $22, 610.88 Ann.; Lease Exp.: 9/30/24. Total Rent: $571, 792.96 Ann. 9 Parking Spaces: $24, 000 Ann. Community Facility: $38, 400 Ann. (Available) Expenses: Electric: $9, 628 Ann. (Common Area Only) Heat/Hot Water: $18, 000 Ann. Insurance: $11, 000 Ann. Water/Sewer: $22, 000 Ann. Maintenance & Repairs: $8, 800 Ann. (Building Is Only 4 Years Old) Taxes: $391.44 Ann. (Protected For The Next 34 Years) Total Expenses: $69, 819.44 Ann. Pro Forma Gross Income: $634, 192.96 Ann. Net Operating Income (NOI): $564, 373.52 Ann. (Pro Forma 6.5% Cap!!!)
    Presented By: All Island Estates Realty Corp  516-783-5600
    Call Today: (718) 886-6800, or  Email: Century Homes Realty Group
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than Century Homes Realty Group LLC are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
34-36 Union St #201, Flushing NY 11354, USA

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