UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Baychester
MLS Listing ID 1033848
Rental Info No
Year Built 1925
Annual Tax Amount $6,850
Lot Size 2,617 Sqft
Acres 0.0601
Property Sub-Type Multi Family
Source onekey2
Property Description
Incredible turn-key investment opportunity in the Bronx! This well-maintained, 5-family brick walk-up building features free-market rents, excellent collection history, and major mechanical upgrades already completed.
Key Building Features:
Upgrades: New roof, new garage roof, new windows, upgraded electrical service (meters & panels), upgraded gas service, new gas steam boiler, 2 new gas hot water heaters, and a security camera system.
Property Layout: Includes five residential units 3BD, 2BD, 1BD, 1BD, Studio, plus 2 single-car garages generating additional income.
Financial Snapshot:
Asking Price: $1,685,000
Gross Annual Income (2026): $164,208 ($13,684/month)
Annual Expenses (2025): $25,307
Net Operating Income (NOI): $138,901
Cap Rate: 8.24%
Low-maintenance property with reliable rental history and strong cash flow from day one. Don't miss out on this high-performing asset!
Location
State NY
County Bronx County
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Combination, Hardwood, Laminate
Fireplace No
Appliance Gas Oven, Refrigerator
Exterior
Parking Features Garage
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716