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Commercial Sale in Bronx, New York, Bronx, NY 10469 | Web ID: 1033848 | $1,685,000

1022 E 219th Street , Bronx , NY 10469

 
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Property Description

Prime Bronx Investment Opportunity | High-yield 8.24% Cap Rate! Incredible Turn-key Investment Opportunity In The Bronx! This Well-maintained, 5-family Brick Walk-up Building Features Free-market Rents, Excellent Collection History, And Major Mechanical Upgrades Already Completed. Key Building Features: Upgrades: New Roof, New Garage Roof, New Windows, Upgraded Electrical Service (meters & Panels), Upgraded Gas Service, New Gas Steam Boiler, 2 New Gas Hot Water Heaters, And A Security Camera System. Property Layout: Includes Five Residential Units 3bd, 2bd, 1bd, 1bd, Studio, Plus 2 Single-car Garages Generating Additional Income. Financial Snapshot: Asking Price: $1, 685, 000 Gross Annual Income (2026): $164, 208 ($13, 684/month) Annual Expenses (2025): $25, 307 Net Operating Income (noi): $138, 901 Cap Rate: 8.24% Low-maintenance Property With Reliable Rental History And Strong Cash Flow From Day One. Don’t Miss Out On This High-performing Asset!

Property Information

Location/Town New York
Area/County Bronx
Post Office/Postal City Bronx
Prop. Type Commercial Sale
Tax $6,850.00
# Stories 3
Year Built 1925
Construction Brick
Total Units 5
Lot SqFt 2,618
Cooling Wall/Window Unit(s)
Heat Source Natural Gas
Util Incl Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Days On Market 1
Parking Features Garage
Tax Assessed Value 55200
Units 5
School District Contact Agent
Listing information courtesy of: Century 21 Kafcos Realty

RealtyDepotNY

Tel: 718-896-0777
Cell: 347-219-2037
Fax: 718-896-7020

 

 

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