1254 Southern Boulevard, Bronx, NY 10459
- $2,880,000
- List Price
- $2,880,000
- Days on Market
- 181
- MLS#
- 959124
- Status
- ACTIVE
- Lot Size
- 5000
Property Description
1254 Southern Blvd presents a rare opportunity to acquire a high-visibility, corner free-standing retail property in the Bronx. The 5,000 SF single-story masonry building, situated on a 5,000 SF lot, is fully leased to a long-term, single-tenant laundromat under a new 15-year lease commencing April 2024. The property benefits from excellent exposure beneath an elevated subway line, strong pedestrian traffic, and a dense residential and commercial trade area, making it a core neighborhood retail asset with stable demand. Zoned R7-1 / C1-4, the asset offers long-term investment stability with potential future upside, and is well-suited for investors seeking predictable cash flow with minimal management. Offered at a 4.1% cap rate.
/u.realgeeks.media/edcucatorsrealty/104_lex.PNG)
Additional Information
- Year Built
- 1924
- Total Taxes
- 40263
- Heating
- Electric
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $40,263
Mortgage Calculator
Listing courtesy of Listing Agent: Wenting Wang (bellaaa0520@gmail.com) from Listing Office: B Square Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.