Check Availability
$2,350,000
Commercial - For Sale

720 Clarence Avenue #B

Bronx, NY 10465
bedrooms
Studio
bathrooms
0 Bath
$12,707
Estimated Monthly
$0
HOA / Fees
0.35%
Cap Rate

About This Property

Calling All Investors, Developers, & End-Users!!! Unique 2 Unit Bayfront Mixed-Use Property In Throgs Neck For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong C3A Zoning, 16 Parking Spaces, High 8' Ceilings, Separate Meters, Low Property Taxes, 6 Lots (27, 28, 29, 30, Part Of  60 + 62), 2 Car Garage, Huge Yard, Full Metal Pier, Massive Private Beach, Private 250' Boat Dock, Jacuzzi, In Ground Saltwater Pool, Seaplane Ramp, Separate Entrances, Gated Lot, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Throgs Neck On A HUGE 16,300 Sqft. Lot Just A Few Blocks From I-695/I-295. This Property Also Has Reparian Water Rights (120 x 250)Neighbors Include Starbucks, UPS, The Home Depot, Target, Dunkin', Walgreens, CVS, Planet Fitness, Five Guys, T.J. Maxx, The Bronx Zoo, Mobil, Sunoco, Taco Bell, McDonald's  +++!!! The Entire Property Can Be Delivered Vacant. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!    Income:  3 Br. Main House (1,200 Sqft.):  $120,000 Ann. (Available)    3rd Floor 2 Br. Apt. (900 Sqft.): $48,000 Ann. (Available)    1st. Floor 2 br. Apt. (1,100 Sqft.): $50,400 Ann. (Available)    Rear Unit (600 Sqft.): $26,400 Ann. (Available)     Garage 1: $36,000 Ann. (Available)     Garage 2: $36,000 Ann. (Available)    Boat Slip Rental: $31,250 Ann. (Available)     Pro Forma Gross Income: $348,050 Ann.    Expenses:    Insurance: $5,800 Ann.     Taxes: $15,050 Ann.     Total Expenses: $20,850 Ann.    Net Operating Income (NOI): $327,200 Ann.   (Pro Forma 13.92% Cap!!!)
Unit Size
-
Days on Market
139 days
Land Size
0.37 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,167
HOA Dues
-
Year Built
1920
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Diane Keegan
All Island Estates Realty Corp
Last updated: 2 months ago (OneKey MLS #ONE3520976)

Price History

Date / Event Date Event Price
Feb 7, 2024 Listed by All Island Estates Realty Corp $2,350,000
Listed by All Island Estates Realty Corp
Unique 2-Unit + Bayfront/Mixed-Use Property Located In The Heart Of Throgs Neck On A HUGE 16,300 S/F Lot. 5 BR, 3 Bath Waterfront With Views Of The Long Island Sound. Features include In Ground Heated Salt Water Pool, Summer Kitchen, Pool House With Full Bath, 6 Lots (27, 28, 29, 30, Part Of 60 + 62), 2 Car Garage, Huge Yard, Full Metal Pier, Massive Private Beach, Private 250' Boat Dock, Jacuzzi, In Ground Saltwater Pool, Seaplane Ramp, Separate Entrances, Gated Lot, 200 Amp Power, CAC…
Dec 12, 2023 Listed by All Island Estates Realty Corp $2,350,000
Listed by All Island Estates Realty Corp
Dec 7, 2023 Temporarily off market -
Temporarily off market
Oct 5, 2023 Listed by Keller Williams Realty NYC Grp $2,500,000
Listed by Keller Williams Realty NYC Grp

Property Highlights

Garage
Exterior Details

Property Information

Square Footage : 3800
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1920

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.37
Lot Size Square Feet: 16300
Lot Size Dimensions: 10x200
Financial Details
Tax Annual Amount: $14,007

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
5 Baths
-
$2,150,000 Mar 2, 2023
$2,150,000 Aug 25, 2023
$1,190/mo
House
4 Beds
5 Baths
-
$2,150,000 Mar 2, 2023
$2,150,000 Aug 25, 2023
$1,190/mo
Multifamily
5 Beds
2 Baths
-
$2,350,000 Feb 7, 2024
-
$1,167/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231005 Unit B
10/05/2023
B
5 Bed
2 Bath
-
$2,500,000
bedrooms
5 Bed
bathrooms
2 Bath
-
-
-
Vincent Ferrante
Keller Williams Realty NYC Grp

Building Info

720 Clarence Avenue 720 Clarence Avenue, Bronx, NY 10465
  • 1 Units
  • 2 Units for Sale
More about this Building
720 Clarence Avenue
Want to find out who owns 720 Clarence Avenue, Bronx, NY 10465? Get detailed property transactions here .

About East Bronx


Similar Homes for Sale

Unit for sale at 720 Clarence Avenue, Bronx, NY 10465

$2,350,000

  • 5 Beds
  • 2 Baths
720 Clarence Avenue #B, Bronx, NY 10465 Listing by Diane I Keegan

Nearby Rentals

Unit for rent at 2115 Burr Avenue, Bronx, NY, 10461

$2,070 /mo

  • 1 Bed
  • 1 Bath
  • 590 ft²
2115 Burr Avenue #5B, Bronx, NY, 10461 Listing by Zaida I. Perez
Unit for rent at 902 Castle Hill Avenue, Bronx, NY, 10473

$2,203 /mo

  • Studio
  • 1 Bath
  • 500 ft²
902 Castle Hill Avenue, Bronx, NY, 10473 Listing by Miriam Soto


Quantcast