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Calling All Investors, Developers & End-users!!! 10.03 Cap 11 Unit Apartment Building In The Bronx For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong M1-1 Zoning, 6 Parking Spaces, High 8' Ceilings, 5 Stories, All New Led Lighting, 200 Amp Power, A/c, +++!!! The Property Is Located In The Heart Of The Bronx Just 2 Blocks From I-278 Off Sheridan Blvd.!!! Neighbors Include The Bronx Stop & Shop, Shoprite, Optimum, Macy's, Autozone, Burlington, Planet Fitness, Marshall's, Mcdonald's, Cvs, Walgreens, Ihop, Family Dollar, Popeye's, Aldi, +++!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!! Income: Apt. A (3 Br. 1 Bath): $38, 400 Ann. (available) Apt. B (3 Br. 1 Bath): $26, 604 Ann. Apt. 1a (3 Br. 1 Bath): $28, 800 Ann. (available) Apt. 1b (3 Br. 1 Bath): $28, 800 Ann. Apt. 2a (3 Br. 1 Bath): $38, 400 Ann. (available) Apt. 2b (3 Br. 1 Bath): $38, 400 Ann. Apt. 3a (3 Br. 1 Bath): $24, 648 Ann. Apt. 3b (3 Br. 1 Bath): $24, 564 Ann. Apt. 4a (3 Br. 1 Bath): $25, 932 Ann. Apt. 4b (3 Br. 1 Bath): $30, 007 Ann. Apt. 11 (3br. 1 Bath): $38, 400 Ann. (available) Gross Income: $342, 955 Ann. Expenses: Heat: $20, 000 Ann. Electric (common Areas Only): $2, 400 Ann. Maintenance & Repairs: $10, 000 Ann. Water & Sewer: $20, 000 Ann. Insurance: $10, 000 Ann. Taxes: $40, 960 Ann. Total Expenses: $103, 360 Ann. Net Operating Income (noi): $239, 595 Ann (pro Forma 10.03 Cap!!!)
Location/Town | Bronx |
Area/County | Bronx |
Post Office/Postal City | BRONX |
Prop. Type | Commercial Sale |
Tax | $40,960.00 |
# Stories | 5 |
Year Built | 1911 |
Total Units | 11 |
Lot Size | 39x100 |
Lot SqFt | 3,900 |
Heat Source | Oil |
Zoning | Apartment |
Tax Lot | 42 |
Units | 11 |
Listing information courtesy of: All Island Estates Realty Corp |