Property Details

Overview

Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market Apartment House With 2 Garages In The Bronx For Sale!!! The Property Features Great Exposure, Strong R4 Zoning, 6 Parking Spaces, (1) 3 Br. Apt., (1) 2 Br. Apt., (2) 1 Br. Apts., (1) Studio Apt., High 8’ Ceilings, 2 Stories, 2 Garages, Security Camera System, Upgraded Electrical Service + Meters + Panels, New Windows, New Roof, New Gas Steam Boiler, 2 New Gas Hot Water Heaters, LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Williamsbridge Minutes From Van Cortlandt Park!!! The Property Is Situated In Between The Bronx River Parkway & Boston Road!!! Neighbors Include Toyota, Amazon, The Home Depot, Costco, LA Fitness, Macy’s, Walgreens, Dave & Buster’s, Burlington, Aldi, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: BF (1 Br.): $29, 784 Ann.; Lease Exp.: 2/28/25. BR (1 Br.): $22, 740 Ann.; Lease Exp.: 9/30/25. Unit 1 (3 Br.): $39, 996 Ann.; M-M. 2F (Studio): $21, 900 Ann.; Lease Exp.: 8/30/25. 2R (2 Br.): $24, 600 Ann.; Lease Exp.: 12/1/24. 2 Garages: $4, 800 Ann. M-M. Gross Income: $143, 820 Ann. Expenses: Gas: $4, 819 Ann. Maintenance & Repairs: $500 Ann. Water & Sewer: $3, 585 Ann. Insurance: $6, 148 Ann. Super: $4, 308 Ann. Taxes: $6, 837.36 Ann. Total Expenses: $26, 197 Ann. Net Operating Income (NOI): $117, 623 (7.85% Cap!!!)