396 east 171st Street, Bronx, New York 10457
Webster Value Added Mixed-Use Investment Opportunity

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

No. Units:8
Building Size:1399 SF
Property Type:Multi-Family
Property Sub-type:Garden/Low-Rise
Property Use Type:Investment
Cap Rate:3.50%
Gross Rent Multiplier:19
No. Stories:4
Year Built:1931
Lot Size:1399 SF


Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
1 Bedroom 1 Bath6$733
Deli Grocery1$1000
Hair Salon1$600

Financial Summary

Scheduled Gross Income$116040
Effective Gross Income$116040
Operating Expenses$35440
Net Operating Income$80600

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired