Mary Drennen - John J Lease Realtors Logo
$2,880,000
( $576.00Per Sq Foot )
 $15,460 est/mo Sourced by Back At You

1254 Southern Boulevard,Bronx, NY 10459

Bronx, NY 10459

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Description

1254 Southern Blvd presents a rare opportunity to acquire a high-visibility, corner free-standing retail property in the Bronx. The 5,000 SF single-story masonry building, situated on a 5,000 SF lot, is fully leased to a long-term, single-tenant laundromat under a new 15-year lease commencing April 2024.The property benefits from excellent exposure beneath an elevated subway line, strong pedestrian traffic, and a dense residential and commercial trade area, making it a core neighborhood retail asset with stable demand.Zoned R7-1 / C1-4, the asset offers long-term investment stability with potential future upside, and is well-suited for investors seeking predictable cash flow with minimal management.Offered at a 4.1% cap rate.

Details

MLS #959124
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1924
Days On Site205
Listing Provided ByB Square Realty | Wenting Wang

Features

SQ Feet5,000
ZoningR7-1
Acreage0.11

Interior

CoolingElectric
HeatingElectric

Exterior

Construction MaterialsBrick

Utilities

UtilitiesElectricity Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value402300
Tax Annual Amount40263.88

Area Information

StateNY
CountyBronx County
CityBronx
Zip Code10459
Listing VS Median (in 10459)
Price:
$2,880,000
low | high
Med:
$680,000
100% of Average
sqft:
5,000
low | high
Med:
2,233
100% of Average
$ / sqft:
$576
low | high
Med:
$382
83.685200955547% of Average
On site:
205
low | high
Med:
65.5
100% of Average
Sourced by Back At You

Market Activity 10459

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Learn More About This Property

Mary Drennen

Mary Drennen

John J Lease REALTORS

 (914) 456-1749marydrennen1@gmail.com
StateNY
CountyBronx County
CityBronx
Zip Code10459
Listing VS Median (in 10459)
Price:
$2,880,000
low | high
Med:
$680,000
100% of Average
sqft:
5,000
low | high
Med:
2,233
100% of Average
$ / sqft:
$576
low | high
Med:
$382
83.685200955547% of Average
On site:
205
low | high
Med:
65.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.16M - $3.6M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
1124 Fox Street Property Photo 1
$1,200,000
1124 Fox Street
Bronx, NY 10459
Listing Updated: July 9, 2026 at 3:19:20 PM PDT

Mary Drennen - John J Lease Realtors