2968 Middletown Road

$4,200,000, 5,833 Sqft

About This Property

Building has 4 tenants, one being the US Post Office. For PO, owner pays water and tax increases. Other 3 tenants pay own water and 25% of tax increases. All tenants responsible for own gas and snow plow expenses. Owner pays property insurance ($8,000/yr). Rents: Tenant 1 (PO) $6,900 mo (1 yr left of 20 yr lease w/10 yr option) (increase of $700 every 5 yrs) Tenant 2 $3,900 mo (lease exp 6/30/25, 5 yr option) Tenant 3 $4,100 mo ($100 yearly increases) (lease exp 2/28/26, 5 yr option) Tenant 4 $3,700 mo (lease exp 3/31/22, 5 yr option) Annual income: $223,200 Annual expenses (tax, insurance, maintenance): $45,330 NOI: $177,860

Essential Information

MLS® #4940390
Price$4,200,000
Tax Amount$36,336
Bathrooms0.00
Square Footage5,833
Acres0.00
Year Built1932
TypeCommercial
StatusActive

Community Information

Address2968 Middletown Road
AreaBronx
CityBronx
CountyBronx
StateNY
Zip Code10595

Interior

HeatingBase Board
CoolingCentral

Exterior

Lot DescriptionCorner Lot

School Information

DistrictBronx

Additional Information

ZoningCommercial

Listing Details

Listing Courtesy ofHoulihan Lawrence Commercial

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Listing information last updated on July 16th, 2019 at 8:58am CDT.

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