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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Mt. Hope
MLS Listing ID 1022366
Rental Info No
Year Built 2024
Annual Tax Amount $2,677
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers & End-User!!! 9.51 Cap Brand New 10 Unit Bronx Apartment Building Near Grand Concourse For Sale!!! The Property Features, Excellent Signage, Great Exposure, R7-1 Zoning, HIgh 8' Ceilings, Sprinklers, 6 Parking Spaces, Gated Side Yard, Rear Yard, Low Property Taxes, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Between 1-95, Grand Concourse & Webster Ave.!!! The Property Was Built In 2025 & Has A 485X Tax Abatement That Expires In 2061!!! Neighbors Include Yankee Stadium, Shell, Gulf, 7-Eleven, Dunkin', Key Food, White Castle, Western Beef, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit 1A (Studio): $30,000 Ann.
Unit 1B (Studio): $30,000 Ann.
Unit 1C (Studio): $30,000 Ann.
Unit 2A (1 Br. Apt.): $32,400 Ann.
Unit 3A (1 Br. Apt.): $32,400 Ann.
Unit 3B: $25,200 Ann. (Available)
Unit 4A (Studio): $30,000 Ann.
Unit 4B (1 Br. Apt.): $32,400 Ann.
Unit 4C: $25,200 Ann. (Available)
Pro Forma Gross Income: $300,000 Ann.
Expenses:
Electric: $2,410 Ann.
Insurance: $6,823 Ann.
Water & Sewer: $3,869 Ann.
Taxes: $2,691 Ann.
Total Expenses: $15,793 Ann.
Net Operating Income (NOI): $284,207 Ann. (Pro Forma 9.51% Cap!!!)
Income:
Unit 1A (Studio): $30,000 Ann.
Unit 1B (Studio): $30,000 Ann.
Unit 1C (Studio): $30,000 Ann.
Unit 2A (1 Br. Apt.): $32,400 Ann.
Unit 3A (1 Br. Apt.): $32,400 Ann.
Unit 3B: $25,200 Ann. (Available)
Unit 4A (Studio): $30,000 Ann.
Unit 4B (1 Br. Apt.): $32,400 Ann.
Unit 4C: $25,200 Ann. (Available)
Pro Forma Gross Income: $300,000 Ann.
Expenses:
Electric: $2,410 Ann.
Insurance: $6,823 Ann.
Water & Sewer: $3,869 Ann.
Taxes: $2,691 Ann.
Total Expenses: $15,793 Ann.
Net Operating Income (NOI): $284,207 Ann. (Pro Forma 9.51% Cap!!!)
Location
State NY
County Bronx County
Rooms
Basement Finished
Interior
Heating Electric
Cooling Multi Units
Fireplace No
Exterior
Parking Features On Street
Utilities Available Cable Available, Electricity Available
Total Parking Spaces 6
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Block
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
NEARBY SCHOOL & BUSINESS
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