2543-2545 Bronxwood Ave, & 3144 Hull Ave, Bronx, New York 10467
3-Building Multifamily Portfolio, Bronx
Map Content
Location Description
Blocks away from the City line
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Property Description
This portfolio comprises three 4-story buildings with 8 units each, totaling 24 Residential Units, and is fully occupied. 3144 Hull Ave includes (1) oversized studio unit, and (7) 1-bedroom units; 2543 Bronxwood Ave includes (1) studio unit, and (7) 1-bedroom units; and 2545 Bronxwood Ave includes. (1) 1-bedroom unit, and (7) 2-bedroom units. The properties are located in the Norwood and Allerton Sections of the Bronx. Hull Avenue can be purchased separately and currently has a 421 (a) tax abatement, which expires in 2028..
Property Details
| Price: | 5000000 |
| No. Units: | 24 |
| Building Size: | 7500 SF |
| Price/Unit: | $108,333.33 |
| Property Type: | Multi-Family |
| Property Sub-type: | Garden/Low-Rise |
| Property Use Type: | Investment |
| Cap Rate: | 6.78% |
| Gross Rent Multiplier: | 9.426634389870516 |
| Occupancy: | 100% |
| No. Stories: | 4 |
| Year Built: | 2008, 2010 |
| Lot Size: | 7500 SF |
Units
Unit Mix
| Description | No. Units | Avg. Mo. Rent |
| 1 Bedroom 1 Bathroom | 5 | |
| 2 Bedroom 1 Bathroom | 17 | |
| Studio | 2 | |
Financial Summary
| Scheduled Gross Income | $530412 |
| Effective Gross Income | $0 |
| Operating Expenses | $191497 |
| Net Operating Income | $338915 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |