MLS#1022366
STATUSActive
PROPERTY TYPECommercial -
SCHOOLContact Agent
Property Description
Calling All Investors, Developers & End-User!!! 9.51 Cap Brand New 10 Unit Bronx Apartment Building Near Grand Concourse For Sale!!! The Property Features, Excellent Signage, Great Exposure, R7-1 Zoning, HIgh 8' Ceilings, Sprinklers, 6 Parking Spaces, Gated Side Yard, Rear Yard, Low Property Taxes, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Between 1-95, Grand Concourse & Webster Ave.!!! The Property Was Built In 2025 & Has A 485X Tax Abatement That Expires In 2061!!! Neighbors Include Yankee Stadium, Shell, Gulf, 7-Eleven, Dunkin', Key Food, White Castle, Western Beef, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income:Unit 1A (Studio): $30,000 Ann.Unit 1B (Studio): $30,000 Ann.Unit 1C (Studio): $30,000 Ann.Unit 2A (1 Br. Apt.): $32,400 Ann.Unit 3A (1 Br. Apt.): $32,400 Ann. Unit 3B: $25,200 Ann. (Available) Unit 4A (Studio): $30,000 Ann. Unit 4B (1 Br. Apt.): $32,400 Ann. Unit 4C: $25,200 Ann. (Available) Pro Forma Gross Income: $300,000 Ann.Expenses: Electric: $2,410 Ann.Insurance: $6,823 Ann. Water & Sewer: $3,869 Ann. Taxes: $2,691 Ann. Total Expenses: $15,793 Ann. Net Operating Income (NOI): $284,207 Ann. (Pro Forma 9.51% Cap!!!)
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Finished
Cooling: Multi Units
Heating: Electric
Lot Size: 0.05 Acres
Stories: 4.0
Taxes: $2,677
Year Built: 2024
Feature Descriptions
Building Area Total: 9144
Business Type: Other
Days on Site: 8
Exterior: Block
On Market Date: 2026-07-06
Parcel Number: 027980046
Parking Features: On Street
Parking Total: 6
Rental Term: Monthly
Sewer: Public Sewer
Units: 10
Utilities: Cable Available, Electricity Available
Water: Public
Local Schools
School District: Contact Agent
Listed By / Shown By
Listing By
Agency Name: All Island Estates Realty Corp
Agency Contact: 516-783-5600
Shown By
Agent Name: Ely Chen
Agent Phone: (718) 813-0719
Agency Title: Coldwell Banker American Homes
Ely Chen
Office: (718) 813-0719
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1761 Topping Avenue | MLS# 1022366
This commercial property located at 1761 Topping Avenue, Bronx, NY 10457 is currently listed for sale with an asking price of $2,988,000. Topping Avenue is located within the Contact Agent school district. Search Bronx real estate on elychen.cbamhomes.com today.