MENU
CLIENT ACCESS
MENU
CLIENT ACCESS
NEW YORK, NY – September 24, 2015 – Ariel Property Advisors has been exclusively retained to market a five-story mixed-use building located at 1000-1012 Southern Boulevard in the Morrisania section of the Bronx. The asking price for the property is $16,750,000.
(L-R) Marko Agbaba, Victor Sozio, Jason M. Gold, Scot Hirschfield
Exclusive agents Jason M. Gold, Scot Hirschfield, Victor Sozio and Marko Agbaba are marketing the property, representing the owner, a private investor.
The 42,447 square foot property is located on the northeast corner of Aldus Street and Southern Boulevard and contains 32 residential units and six commercial units. Of the 32 residential units, the property contains 16 two-bedroom units, 12 three-bedroom units, and 4 four-bedroom units, of which fifteen are free market.
The property’s six commercial units span approximately 8,600 square feet. Four of the six units are currently leased. All commercial units provide tenants with a retail opportunity along the major retail corridor of Southern Boulevard.
“Located in the rapidly transforming South Bronx, 1000-1012 Southern Boulevard is a turn-key property that offers new ownership a significant residential upside and tremendous commercial potential from the corner retail,” said Jason M. Gold, Vice President at Ariel Property Advisors.
1000-1012 Southern Boulevard offers commuting options to both the the east and west sides of Manhattan via the 2, 5, and 6 trains located only a few blocks away. Additionally, The Bruckner Expressway, which serves as a conduit between New York City and Westchester, is located in immediate vicinity.
More information is available from the exclusive agents at 212-544-9500: Jason M. Gold, ext. 22, jgold@arielpa.com; Scot Hirschfield, ext. 16, shirschfield@arielpa.com; Victor Sozio, ext. 12, vsozio@arielpa.com; and Marko Agbaba, ext. 32, Magbaba@arielpa.com.
Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.
For press inquiries, please contact our Public Relations Department at 212.544.9500 ext. 19 or via mploc@arielpa.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.
