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Map
$2,350,000
●
Commercial -
For Sale
720 Clarence Avenue #B
Bronx, NY 10465
Studio
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
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
Utilities Details
Heating: Natural Gas, Baseboard, ENERGY STAR Qualified Equipment
Sewer : Sewer
Location Details
Directions: Randall to Clarence
County or Parish: Bronx
Other Details
On Market Date: 2023-12-12
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/05/2023
|
5 Bed
|
2 Bath
|
-
|
$2,500,000
5 Bed
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