27 Buchanan Place, Bronx NY 10453

$7,950,000

27 Buchanan Place, Bronx, NY 10453

bedrooms

bathrooms

square feet

20,858

Acreage

Open Houses

year built

2018

Full Baths

Half Baths

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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. (7.34 Cap!!!)

Location
Subdivision	-
County	Bronx County
Elementary School	-
Middle School	-
High School	-

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MLS number: L3572652

Listing agent: Richard Matt Shane #10301216230

Listing broker: All Island Estates Realty Corp (516) 532-9184

Last update: Tuesday, March 4 2025 at 8:29 p.m. EST

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