3650 Bronx Boulevard, Bronx, New York 10467
Bronx Pre-War 6 Story 49 Unit Multifamily Elevator Apartment Building
Map Content
Location Description
Blocks away from the City line
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Property Description
Subject Property is a Six-story Mid-Rise Masonry Elevator Apartment Building with 49 Apartments consisting of One (1) Studio, Forty One (41) 1 Bedroom & Seven(7) 2 Bedroom Residential Apartments. 149 Rooms Total. It is possible to duplex down to cellar, 2 first floor (Studio & 1 Bedroom) apartments. Building Gross total floor area of 41,514 Square foot. Property was Built in 1932 and is Located in the Olinville Section of the Bronx.
Property Details
| Price: | 6250000 |
| No. Units: | 49 |
| Building Size: | 10000 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Multi-Family |
| Property Sub-type: | Mid/High-Rise |
| Property Use Type: | Investment |
| Cap Rate: | 9.3% |
| Gross Rent Multiplier: | 7.2 |
| Occupancy: | 100% |
| No. Stories: | 6 |
| Year Built: | 1932 |
| Lot Size: | 10000 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
| Studio | 1 | |
| 1 Bedrooms | 41 | |
| 2 Bedrooms | 6 | |
| 2 Bedrooms: Super's Unit | 1 | |
| Retail: Laundromat & Printer | 2 |
Financial Summary
| Scheduled Gross Income | $891124 |
| Effective Gross Income | $861124 |
| Operating Expenses | $281001 |
| Net Operating Income | $580123 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |