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1737-1739 Pilgrim Avenue, Bronx, NY 10461, Bronx, New York 10461
67 Unit Mixed Use 2 Contiguous Buildings
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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

DescriptionNo. UnitsAvg. Mo. Rent

Financial Summary

Scheduled Gross Income$1174675
Effective Gross Income$1139435
Operating Expenses$466436
Net Operating Income$672999

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired