






Blocks away from the City line
Property Description
Subject Properties consist of a Five-story Brick Walk-up Apartment Building and a Six-story Mid-Rise Masonry Elevator Apartment Building and contains Seven (1) Bedrooms, Thirty-Three (33) 2 Bedrooms and Six (3) Bedroom for a total of 46 Residential Apartments. Gross total floor area of 33,158 Square feet and 43,322 Maximum potential buildable square feet. Properties were Built in 1928 & 1937 and are located in The Mount Hope Section of the Bronx close to Schools, Shopping and Entertainment.
Property Details
Price: | 14020000 |
No. Units: | 46 |
Building Size: | 0 SF |
Price/Unit: | $108,333.33 |
Property Type: | Multi-Family |
Property Sub-type: | Garden/Low-Rise |
Property Use Type: | Investment |
Cap Rate: | 3.7% |
Gross Rent Multiplier: | 16 |
Occupancy: | 96% |
No. Stories: | 6 |
Year Built: | |
Lot Size: | 0 SF |
Units
Unit Mix
Description | No. Units | Avg. Mo. Rent |
1 Bedroom/1 Bath | 7 | |
2 Bedroom/1 Bath | 33 | |
3Bedroom/1 Bath | 6 | |
Financial Summary
Scheduled Gross Income | $876429 |
Effective Gross Income | $0 |
Operating Expenses | $357134 |
Net Operating Income | $519295 |
Debt & Equity Information
Major Tenants
Tenant | SF Occupied | Lease Expired |