1. New York
2. Bronx
3. 27 Buchanan Place

27 Buchanan Place, Bronx, NY 10453

• 20,858 sqft

Property Description

Calling All Investors, Developers & End-Users!!! 20,858 Sqft. 26 Unit Corner Apartment Building With Private Gated Parking For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 12 Parking Spaces In Private Gated Lot, High 9’ Ceilings, Strong R7-1 Zoning, Elevator, All New LED Lighting, 3 Phase Power, Sprinklers, Separate Meters, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Major Deegan Expy. Right Near Bronx Community College!!! Neighbors Include Toyota, YMCA, The Home Depot, Planet Fitness, Extra Space Storage, Dunkin’, Walgreens, Best Buy, Chick-fil-A, AutoZone, Marshalls, Taco Bell, Mattress Firm, Burlington, Old Navy, Lukoil, +++!!! The Property Has A Fixed Rate Assumable Mortgage With 11 Years Left!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Apt. 2A: $24,787.44 Ann.; Lease Exp.: 9/30/25. Apt. 2B: $22,242 Ann.; Lease Exp.: 8/31/26. Apt. 2C: $23,905.68 Ann.; Lease Exp.: 9/30/26. Apt. 2D: $23,905.68 Ann.; Lease Exp.: 9/30/26. Apt. 3A: $23,405.16 Ann.; Lease Exp.: 10/31/25. Apt. 3B: $21,871.44 Ann.; Lease Exp.: 10/31/25. Apt. 3C: $21,313.56 Ann.; Lease Exp.: 9/30/25. Apt. 3D: $22,991.64 Ann.; Lease Exp.: 11/30/26. Apt. 3E: $24,799.44 Ann.; Lease Exp.: 1/31/26. Apt. 4A: $23,797.92 Ann.; Lease Exp.: 10/31/26 Apt. 4B: $21,860.76 Ann.; Lease Exp.: 10/31/25 Apt. 4C: $21,866.40 Ann.; Lease Exp.: 2/28/27. Apt. 4D: $22,787.40 Ann.; Lease Exp.: 11/30/25. Apt. 4E: $25,433.04 Ann.; Lease Exp.: 9/30/25. Apt. 5A: $23,797.92 Ann.; Lease Exp.: 11/30/26. Apt. 5B: $23,360.40 Ann.; Lease Exp: 9/30/25. Apt. 5C: $22,498.80 Ann.; Lease Exp.: 9/30/25. Apt. 5D: $22,621.80 Ann. (Available) Apt. 5E: $25,977.12 Ann.; Lease Exp.: 5/31/26. Apt. 6A: $23,173.92 Ann.; Lease Exp.: 9/30/26. Apt. 6B: $23,163.72 Ann.; Lease Exp.: 9/30/25. Apt. 6C: $26,319 Ann.; Lease Exp.: 4/20/25. Apt. 6D: $26,641.44 Ann.; Lease Exp.: 9/30/26. Apt. 7A: $26,001.48Ann.; Lease Exp.: 9/30/26. Apt. 7B: $23,289.12 Ann.; Lease Exp.: 9/30/25. Total Rent: $591,812.28 Ann. 9 Parking Spaces: $22,800 Ann. Community Facility: $38,400 Ann. (Available) Expenses: Electric: $9,628 Ann. (Common Area Only) Heat/Hot Water: $18,000 Ann. Insurance: $11,000 Ann. Water/Sewer: $22,000 Ann. Maintenance & Repairs: $8,800 Ann. (Building Is Only 4 Years Old) Taxes: $391.44 Ann. (Protected Until 2055!) Total Expenses: $69,819.44 Ann. Pro Forma Gross Income: $653,012.28 Ann. Pro Forma Net Operating Income (NOI): $583,192.84 Ann. (7.53 Cap!!!)

Listing Status:

Active

Listing Office:

All Island Estates Realty Corp : 516-783-5600

MLS ID:

L3572652

Location

• Originating MLS: onekey2
• County: Bronx County

Lot

Utilities

Financial

This listing courtesy of All Island Estates Realty Corp