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Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 979599
Rental Info No
Year Built 1913
Annual Tax Amount $22,166
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 11 Unit Bronx Apartment Building Near Westchester Ave. For Sale!!! The Building Features Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9' Ceilings, (11) 3 Br. Apartments, 5 Stories, Large Rear Yard, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Property Is Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin', CityMD, Shell, BP Gas, Foot Locker, Cookie's Department Stores, McDonald's, Burger King, Papa John's, Domino's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit 1 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 11/30/26.
Unit 2 (3 Br. Apt.): $27,710.04 Ann. Lease Exp.: 11/30/27.
Unit 3 (3 Br. Apt.): $26,694.48 Ann.; Lease Exp.: 10/31/27.
Unit 4 (3 Br. Apt.): $13,501.20 Ann.; Lease Exp.: 7/31/27.
Unit 5 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 12/31/26.
Unit 6 (3 Br. Apt.): $31,866.24 Ann.; Lease Exp.: 11/30/26.
Unit 7 (3 Br. Apt.): $18,014.16 Ann.; Lease Exp.: 12/31/27.
Unit 8 (3 Br. Apt.): $21,845.88 Ann.; Lease Exp.: 8/14/27.
Unit 9 (3 Br. Apt.): $29,925.12 Ann.; Lease Exp.: 3/31/26.
Unit 10 (3 Br. Apt.): $25,299.72 Ann.; Lease Exp.: 11/30/26.
Unit 11 (3 Br. Apt.): $23,789.88 Ann.; Lease Exp.: 10/31/27.
Gross Income: $266,388 Ann.
Expenses:
Gas: $21,865.40 Ann.
Electric: $2,500 Ann. (Common Areas Only)
Maintenance & Repairs: $5,500 Ann.
Insurance: $10,000 Ann.
Water & Sewer: $14,317.93 Ann.
Taxes: $22,166.32 Ann.
Total Expenses: $76,349.65 Ann.
Net Operating Income (NOI): $190,038.35 Ann. (9.75 Cap!!!)
Income:
Unit 1 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 11/30/26.
Unit 2 (3 Br. Apt.): $27,710.04 Ann. Lease Exp.: 11/30/27.
Unit 3 (3 Br. Apt.): $26,694.48 Ann.; Lease Exp.: 10/31/27.
Unit 4 (3 Br. Apt.): $13,501.20 Ann.; Lease Exp.: 7/31/27.
Unit 5 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 12/31/26.
Unit 6 (3 Br. Apt.): $31,866.24 Ann.; Lease Exp.: 11/30/26.
Unit 7 (3 Br. Apt.): $18,014.16 Ann.; Lease Exp.: 12/31/27.
Unit 8 (3 Br. Apt.): $21,845.88 Ann.; Lease Exp.: 8/14/27.
Unit 9 (3 Br. Apt.): $29,925.12 Ann.; Lease Exp.: 3/31/26.
Unit 10 (3 Br. Apt.): $25,299.72 Ann.; Lease Exp.: 11/30/26.
Unit 11 (3 Br. Apt.): $23,789.88 Ann.; Lease Exp.: 10/31/27.
Gross Income: $266,388 Ann.
Expenses:
Gas: $21,865.40 Ann.
Electric: $2,500 Ann. (Common Areas Only)
Maintenance & Repairs: $5,500 Ann.
Insurance: $10,000 Ann.
Water & Sewer: $14,317.93 Ann.
Taxes: $22,166.32 Ann.
Total Expenses: $76,349.65 Ann.
Net Operating Income (NOI): $190,038.35 Ann. (9.75 Cap!!!)
Location
State NY
County Bronx County
Interior
Heating Oil
Cooling Multi Units
Fireplace No
Exterior
Parking Features On Street
Utilities Available See Remarks
Building
Story 5
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp • Richard Matt Shane
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716