Buy with Yoreevo
$5,733,000
List Price: $5,850,000
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3480 Boston Road
House in Laconia •  building info
studio • 11,950ft² $490 per ft²
Buy with Yoreevo

$5,733,000

List Price

$5,850,000

Key Details
Days on market
27
Last price change
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Estimated payment
$37,528/mo
Taxes
$4,250/mo
Maintenance
N/A
Description
Calling All Investors, Developers & End-Users!!! 8,450+ Sqft. Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 8 Parking Spaces, High 14’ Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Blocks From I-95 & The Gun Hill Road Train Station!!! Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy’s, Marshall’s, Shake Shack, Firestone Complete Auto Care, Harbor Freight Tools, Buffalo Wild Wings, Wendy’s, Bob’s Discount Furniture, White Castle, Popeye’s Louisiana Kitchen, Golden Krust, Aldi, +++!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Domino’s (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes. USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option. M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes. Gross Income: $313,498.44 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $0 Ann. Insurance: $4,296 Ann. Taxes: $49,688.16 Ann. Total Expenses: $54,234.16Ann. Tax Rebate (Paid By The Stores): $90,192 Ann. Pro Forma Net Operating Income (NOI): $349,456.28 Ann.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$5,850,000
Asking Price: $5,850,000
Term
30 Years
Down Payment
$585,000 (10%)
Min: 10% (585,000)
Rate
6.5 %
Mortgage Amount
$5,265,000
Mortgage Payment
$33,278
Taxes
$4,250
Estimated Yoreevo rebate
$117,000
Estimated closing cost
$264,000
Total monthly cost $37,528
Buy your dream home with us and get an estimated $117,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of All Island Estates Realty Corp

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