2662 Kingsbridge Terrace, Bronx, New York 10458
King Of the Hill Development Opportunity
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Property Description

Property Consists of an existing 8+/- Bedroom 3,500+/- square foot 2.75 story residential home being delivered vacant. Proposed Construction of up to 8,685 Buildable Square Feet, for 13 apartments with 9 parking spaces. Option to Build Additional 3,500SF Community/Medical Facility.

Property Details

Price:550000
No. Units:13
Building Size:3950 SF
Price/Unit:$108,333.33
Property Type:Land
Property Sub-type:Multi-Family (land)
Property Use Type:Investment
Cap Rate:%
Gross Rent Multiplier:
Occupancy:0%
No. Stories:6
Year Built:
Lot Size:3950 SF

Units

Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
2 Bedroom 1 Bath13
Community/Medical Facility$3500

Financial Summary

Scheduled Gross Income$475357
Effective Gross Income$451589
Operating Expenses$41765
Net Operating Income$409824

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired