720 Clarence Avenue # B, BRONX, NY

$2,350,000

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0.37

Acres

About 720 Clarence Avenue # B

Calling All Investors, Developers, & End-Users!!! Unique 2 Unit Bayfront Mixed-Use Property In Throgs Neck For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong C3A Zoning, 16 Parking Spaces, High 8' Ceilings, Separate Meters, Low Property Taxes, 6 Lots (27, 28, 29, 30, Part Of 60 + 62), 2 Car Garage, Huge Yard, Full Metal Pier, Massive Private Beach, Private 250' Boat Dock, Jacuzzi, In Ground Saltwater Pool, Seaplane Ramp, Separate Entrances, Gated Lot, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Throgs Neck On A HUGE 16,300 Sqft. Lot Just A Few Blocks From I-695/I-295. This Property Also Has Reparian Water Rights (120 x 250)Neighbors Include Starbucks, UPS, The Home Depot, Target, Dunkin', Walgreens, CVS, Planet Fitness, Five Guys, T.J. Maxx, The Bronx Zoo, Mobil, Sunoco, Taco Bell, McDonald's +++!!! The Entire Property Can Be Delivered Vacant. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 3 Br. Main House (1,200 Sqft.): $120,000 Ann. (Available) 3rd Floor 2 Br. Apt. (900 Sqft.): $48,000 Ann. (Available) 1st. Floor 2 br. Apt. (1,100 Sqft.): $50,400 Ann. (Available) Rear Unit (600 Sqft.): $26,400 Ann. (Available) Garage 1: $36,000 Ann. (Available) Garage 2: $36,000 Ann. (Available) Boat Slip Rental: $31,250 Ann. (Available) Pro Forma Gross Income: $348,050 Ann. Expenses: Insurance: $5,800 Ann. Taxes: $15,050 Ann. Total Expenses: $20,850 Ann. Net Operating Income (NOI): $327,200 Ann. (Pro Forma 13.92% Cap!!!)

Features of 720 Clarence Avenue # B

MLS® # 3520976
Price $2,350,000
Bathrooms 0.00
Acres 0.37
Taxes $14,007
Year Built 1920
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 720 Clarence Avenue # B
City BRONX
County Bronx
State NY
Zip Code 10465
Adult 55+ Community No

Amenities

Is Waterfront Yes
Waterfront Waterfront
Has Pool No

Interior

Heating Natural Gas, Baseboard, ENERGY STAR Qualified Equipment
Has Basement No
Fireplace No
# of Stories 3

Additional Information

Date Listed December 12th, 2023
Days on Market 165
Zoning comm/duplx
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAll Island Estates Realty Corp

Listing Map

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