Property Description

Calling All Investors, Developers & End-Users!!! 8.46 Cap New 10 Unit Bronx Apartment Building Near University Ave. For Sale!!! The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 8' Ceilings. Large Rear Yard, Sprinklers, 6 Parking Spaces, 4 Stories, 3 Phase Power All New LED Lighting, A/C, +++!!! The Property Is Located IN the Heart Of The Bronx Between I-278 & The Grand Concourse!!! The Building Is Situated Between University Ave. & Jerome Ave. Near Bronx Community College!!! This Building Was Built In 2022 & Has A 421-A Tax Abatement Until 2060!!! Neighbors Include Yankee Stadium, The Bronx Zoo, Chase Bank, USPS, Planet Fitness, AutoZone, Dunkin', Montefiore Medical Center, Saint Barnabas Hospital. H & R Block, Total Wireless, McDonald's, Taco Bell, Domino's, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!! Income: Unit 1A: $26,472 Ann.Unit 1R: $27,336 Ann.Unit 2A: $27,336 Ann.Unit 2B: $25,896 Ann.Unit 2C: $26,940 Ann.Unit 3A: $25,896 Ann.Unit 3B: $25,920 Ann.Unit 3C: $27,300 Ann.Unit 4A: $29,400 Ann.Unit 4B: $26,940 Ann.Gross Income: $269,439 Ann. Expenses: Electric: $2,403 Ann. Insurance: $6,250 Ann. Water & Sewer: $3,200 Ann.Internet: $1,080 Ann. Taxes: $3,600 Ann. Total Expenses: $16,533 Ann. Net Operating Income (NOI): $252,906 Ann. (8.46% Cap!!!)

Property Features

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