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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Bronx River
MLS Listing ID 979705
Rental Info No
Year Built 1913
Annual Tax Amount $32,129
Property Sub-Type Other
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 11.56 Cap 11 Unit Bronx Apartment Building Just Off 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.): $6,600 Ann.; No Lease.
Unit 2 (3 Br. Apt.): $23,757.24 Ann. Lease Exp.: 11/30/26.
Unit 3 (3 Br. Apt.): $24,828.60 Ann.; Lease Exp.: 3/31/26.
Unit 4 (3 Br. Apt.): $27,660 Ann.; Lease Exp.: 3/31/27.
Unit 5 (3 Br. Apt.): $30,000 Ann.; Lease Exp.: 3/31/27.
Unit 6 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 1/31/27.
Unit 7 (3 Br. Apt.): $27,833.28 Ann.; Lease Exp.: 11/30/26.
Unit 8 (3 Br. Apt.): $23,789.04 Ann.; Lease Exp.: 11/30/26.
Unit 9 (3 Br. Apt.): $25,260 Ann.; Lease Exp.: 2/28/27.
Unit 10 (3 Br. Apt.): $21,004.56 Ann.; Lease Exp.: 10/31/27.
Unit 11 (3 Br. Apt.): $22,093.68 Ann.; Lease Exp.: 7/31/27.
Gross Income: $256,697.04 Ann.
Expenses:
Oil: $20,092.61 Ann.
Electric: $2,355.18 Ann. (Common Areas Only)
Maintenance & Repairs: $5,500 Ann.
Insurance: $10,000 Ann.
Water & Sewer: $13,286.04 Ann.
Taxes: $32,129.96 Ann.
Total Expenses: $83,363.79 Ann.
Net Operating Income (NOI): $173,333.25 Ann. (11.56% Cap!!!)
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Income:
Unit 1 (3 Br. Apt.): $6,600 Ann.; No Lease.
Unit 2 (3 Br. Apt.): $23,757.24 Ann. Lease Exp.: 11/30/26.
Unit 3 (3 Br. Apt.): $24,828.60 Ann.; Lease Exp.: 3/31/26.
Unit 4 (3 Br. Apt.): $27,660 Ann.; Lease Exp.: 3/31/27.
Unit 5 (3 Br. Apt.): $30,000 Ann.; Lease Exp.: 3/31/27.
Unit 6 (3 Br. Apt.): $23,870.64 Ann.; Lease Exp.: 1/31/27.
Unit 7 (3 Br. Apt.): $27,833.28 Ann.; Lease Exp.: 11/30/26.
Unit 8 (3 Br. Apt.): $23,789.04 Ann.; Lease Exp.: 11/30/26.
Unit 9 (3 Br. Apt.): $25,260 Ann.; Lease Exp.: 2/28/27.
Unit 10 (3 Br. Apt.): $21,004.56 Ann.; Lease Exp.: 10/31/27.
Unit 11 (3 Br. Apt.): $22,093.68 Ann.; Lease Exp.: 7/31/27.
Gross Income: $256,697.04 Ann.
Expenses:
Oil: $20,092.61 Ann.
Electric: $2,355.18 Ann. (Common Areas Only)
Maintenance & Repairs: $5,500 Ann.
Insurance: $10,000 Ann.
Water & Sewer: $13,286.04 Ann.
Taxes: $32,129.96 Ann.
Total Expenses: $83,363.79 Ann.
Net Operating Income (NOI): $173,333.25 Ann. (11.56% Cap!!!)
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Location
State NY
County Bronx County
Interior
Heating Oil
Cooling Multi Units
Fireplace No
Exterior
Utilities Available Electricity Available
Total Parking Spaces 6
Building
Story 5
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp • Richard Matt Shane
Nearby Locations
GET MORE INFORMATION
Haniff Baksh
Broker | License ID: 10311202741
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