Ultra High 9% to 162% ROE- 2015 Arthur Avenue, Little Italy Bronx, NY |
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Listing ID: 88
Last Updated: 05 29, 2018
Property Type(s): Garden/Low-Rise
Property Use Type: Investment
Contact : Andrew Lichtenstein,
President
Andrew Lichtenstein, Inc.
5770 Palisade Avenue Riverdale,
New York 10471
(800) 242-9888 or (718) 549-5999
Email: AL@LichtensteinRE.com
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| Make an offer to buy this property |
| Contact |
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Andrew Lichtenstein,
President
Andrew Lichtenstein, Inc.
5770 Palisade Avenue Riverdale,
New York 10471
(800) 242-9888 or (718) 549-5999
Email: AL@LichtensteinRE.com
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| Price |
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| Asking Price: $ 958,888 |
Opinion of Value: $ 988,773 |
| Down Payment: $ 0 |
Year Built: 2007 |
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| Property Size |
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Existing Built Square Footage: 3,547 Sq.Ft |
Land Plot Lot Size: 2,348 Square Feet |
| Lot Frontage: 26 |
Lot Depth: 90 |
| Number of Units: 3 |
Percent Occupied: 100 % |
| Investment Type: |
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Attachments |
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1-Lichtenstein 4Sale 2015 Arthur Ave Bronx-.pdf
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Property Details |
| Property Description : | A Three-story 3,547 Square foot brick walk-up apartment building with Two 3 Bedroom and One 2 Bedroom Residential Apartments, plus 980sf below grade full basement with 2 piece bathroom. Each of the 3 Bedroom unit has a Balcony. Gross total floor area of 4,527 Square foot and 8,077 Maximum potential buildable square feet. |
| Property Location : |
East Tremont
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| Highlights : |
Full Below Ground Basement with 2 piece Bathroom. Buyer can Rent as 1 Bedroom Basement Apartment.
Close to MTA 1, 2, 36, 40, 41, 42 Buses. Easy Transfer to the 4, B & D Subways.
Close to the Tremont Ave Shopping Area.
421A Tax Abatement with 14 years remaining.
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Property Financials |
| Annual Income |
Analytical Calculations |
| Scheduled Gross Income, Annually: |
$ 68,400 |
Gross Rent Multiplier: |
14 |
| Less Vacancy & Collection Loss Assumption: |
$ 0 |
Capitalization Rate: |
6.1 % |
| Reimbursement: |
$ | |
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