1737-1739 Pilgrim Avenue, Bronx, NY 10461, Bronx, New York 10461
67 Unit Mixed Use 2 Contiguous Buildings
Map Content
Location Description
Blocks away from the City line
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Property Description
This Property consists of Two 5 Story Walkup Brick Building with a Total of 67 Units consisting of 65 Large Pre-War Apartments, Plus 2 Street Level Retail Stores. Located in the Pelham Bay Section of the Bronx. Total Existing Square footage is 50,855 Square Foot with 49,249 Square Feet of residential area.
Property Details
| Price: | 9600000 |
| No. Units: | 67 |
| Building Size: | 13500 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Multi-Family |
| Property Sub-type: | Mid/High-Rise |
| Property Use Type: | Investment |
| Cap Rate: | 7% |
| Gross Rent Multiplier: | 8.17 |
| Occupancy: | 100% |
| No. Stories: | 5 |
| Year Built: | 1929 |
| Lot Size: | 13500 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
Financial Summary
| Scheduled Gross Income | $1174675 |
| Effective Gross Income | $1139435 |
| Operating Expenses | $466436 |
| Net Operating Income | $672999 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |