1163 Manor Avenue, Bronx, NY, 10472 | $4,300,000

Commercial Brick building ideal for Investor at 7. 4% CAP or User (with 6 room medical space available on the second floor for immediate occupancy, with approximately 600NSF). The building is approximately 8, 000sf on 2 levels with building size 55 x 72 and Lot size 55 x 100. The Zoning is C4-2, which gives opportunity to investor to add additional 10, 000sf and increase to 18, 700sf (Please check and confirm with your architect). First floor: - 2 Retail stores (Office and Restaurant). Second Floor: - 3 Medical / Office spaces (which includes shared common areas, including several reception areas, waiting area, bathrooms, stairs, elevator and 3 parking spaces in the back yard). This location is just 100 feet from the #6 subway line and is situated along the high-traffic Westchester Ave, connected to Manor Ave. The center is fully ADA compliant, offering a wheelchair ramp, ADA restroom, and elevator. Please do not disturb current tenants or patients. All showings must be scheduled in advance with the listing broker. Feel free to call with any questions.

Features

  • Property Type: Retail
  • Construction: Brick
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Levels: 2
  • Heating: Forced Air
  • Cooling: Central Air
  • Units: 3
  • Est. Taxes: $31,567
  • MLS#: 826644
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/826644/1163manoravenue_bronx_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Janet WarrenSales Associate

203.610.1124

Janet.Warren@raveis.com

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Gerry O'BrianVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 223191

203.274.0501

Gerry.OBrian@raveis.com

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203.610.1536

Alex.Ferro@raveis.com

Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1163 Manor Avenue, Bronx, NY, 10472

$4,300,000

Janet Warren

Sales Associate

William Raveis Real Estate

Phone: 203.610.1124

Janet.Warren@raveis.com

Gerry O'Brian

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.274.0501

Gerry.OBrian@raveis.com

NMLS Mortgage Loan Originator ID 223191

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,440,000 $3,440,000 $3,440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.375% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.565% 6.475% 6.183%
Monthly Tax Payment $2,631 $2,631 $2,631
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,263 $21,461 $29,029
Total Monthly Payment $22,019 $24,217 $31,785

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.