396 east 171st Street, Bronx, New York 10457
Webster Value Added Mixed-Use Investment Opportunity
Map Content
Location Description
Blocks away from the City line
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Property Description
A Four-story Brick Walk-up Mixed Use Apartment Building consisting of Six (6) Large One Bedroom Residential Apartments Plus a Deli/Grocer Store and Stand alone One-story Beauty Salon/Barber Shop. Gross total floor area of 5,397 Square foot consisting of 4,397+/- Residential Square foot and 1,000+/- Deli Retail Square foot, Plus 600+/- square foot Hair salon/Barber Shop.
Property Details
| Price: | 2300000 |
| No. Units: | 8 |
| Building Size: | 1399 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Multi-Family |
| Property Sub-type: | Garden/Low-Rise |
| Property Use Type: | Investment |
| Cap Rate: | 3.50% |
| Gross Rent Multiplier: | 19 |
| Occupancy: | 100% |
| No. Stories: | 4 |
| Year Built: | 1931 |
| Lot Size: | 1399 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
| 1 Bedroom 1 Bath | 6 | $733 |
| Deli Grocery | 1 | $1000 |
| Hair Salon | 1 | $600 |
Financial Summary
| Scheduled Gross Income | $116040 |
| Effective Gross Income | $116040 |
| Operating Expenses | $35440 |
| Net Operating Income | $80600 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |
