2968 Middletown Road
2968 Middletown Road Bronx, New York 10595 United States

$5,200,000
 Get directions
 
­
­
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...
­
Advertiser Logo

Houlihan Lawrence Commercial

Listing Courtesy of Houlihan Lawrence Commercial
$5,200,000
Change Currency
Price / Sq. Ft.:
$891
5,833 Sq Ft.
Interior
Commercial
1932
Year Built
4940390
Web Id
4940390
MLS ID
23
days ago

About 2968 Middletown Road

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: $223,200Annual expenses (tax, insurance, maintenance): $45,330NOI: $177,860

Listing Courtesy of Hudson Gateway Multiple Listing Service, Inc. (HGMLS)

PROPERTY INFORMATION

Cooling
Central
Heating
Base Board
Water
Municipal

EXTERIOR

Lot Description
Corner Lot
Listing Courtesy of Houlihan Lawrence Commercial