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 |