Property Description

Calling All Investors, Developers & End-Users!!! 11.2 Cap 8 Unit Bronx Apartment Building For Sale!!! The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 9' Ceilings, (6) 3 Br. Apartments, (2) 4 Br. Apartments, 4 Stories, Basement, Large Rear Yard, Skylights, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Longwood Just Off Prospect Ave. Near I-278 (Bruckner Expy.)!!! Neighbors Include Amazon, Verizon, T-Mobile, AT&T, Optimum, Frito Lay, Planet Fitness, Dunkin', Marshall's, Burlington, GNC, NY Expo Center, Dollar Tree, Five Below, Family Dollar, Boost Mobile, McDonald's, White Castle, Popeye's Louisiana Kitchen, Little Caesar's Pizza, Aldi, KFC, +++!!! The Property Has An Assumable Mortgage At 3.75%!!! 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.): $19,800 Ann.; Lease Exp.: 1/31/26.Unit 2 (3 Br. Apt.): $21,155.16 Ann. Lease Exp.: 7/31/27.Unit 3 (3 Br. Apt.): $22,734 Ann.; Lease Exp.: 4/30/27.Unit 4 (4 Br. Apt.): $21,483.60 Ann.; Lease Exp.: 7/31/27.Unit 5 (3 Br. Apt.): $23,997 Ann.; Lease Exp.: 6/30/27.Unit 6 (3 Br. Apt.): $20,944.44 Ann.; Lease Exp.: 8/31/26.Unit 7 (3 Br. Apt.): $20,760.84 Ann.; Lease Exp.: 7/31/27.Unit 8 (4 Br. Apt.): $22,876.08 Ann.; Lease Exp.: 9/14/27.Gross Income: $173,751.12 Ann.Expenses:Oil: $7,400 Ann.Electric: $1,300 Ann. (Common Areas Only)Maintenance & Repairs: $4,000 Ann.Insurance: $9,000 Ann.Water & Sewer: $10,280.84 Ann.Taxes: $15,727 Ann.Total Expenses: $47,707.84 Ann.Net Operating Income (NOI): $126,043.28 Ann. (11.2% Cap!!!)

Property Features