Prospect Avenue Bronx, NY 10455

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Prospect Avenue Bronx, NY 10455

  • Five story building consisting of seventeen units that are in very good condition
  • Good Upside
  • Requires no upgrades and/or repairs work
  • All units (with the exception of basement apartment) are 2 & 3 bedroom apartments.
  • All units are open floor plan with the bedroom access from living room i.e. no railroad apartments.
  • Current rents are well below market rate
  • Real estate taxes are $27,240 with a J-51 tax abatement in place until 2028.
  • Walking distance to various retailers including Rite Aid, T-Mobile, and McDonald’s
  • One block from Prospect Ave / E 156th St [Bx17] Station and two blocks from Westchester Ave / Tinton Ave [Bx4, Bx4A] Station
  • Walking distance to Prospect Ave [2, 5] Station
  • Price- $ 2,900,000
  • GRM- 13.05
  • CAP- 4.93 %

Details

  • Five story building consisting of seventeen units that are in very good condition
  • Good Upside
  • Requires no upgrades and/or repairs work
  • All units (with the exception of basement apartment) are 2 & 3 bedroom apartments.
  • All units are open floor plan with the bedroom access from living room i.e. no railroad apartments.
  • Current rents are well below market rate
  • Real estate taxes are $27,240 with a J-51 tax abatement in place until 2028.
  • Walking distance to various retailers including Rite Aid, T-Mobile, and McDonald’s
  • One block from Prospect Ave / E 156th St [Bx17] Station and two blocks from Westchester Ave / Tinton Ave [Bx4, Bx4A] Station
  • Walking distance to Prospect Ave [2, 5] Station
  • Price- $ 2,900,000
  • GRM- 13.05
  • CAP- 4.93 %

Additional Information

Asset Type

Multifamily

City

Bronx

Neighborhood

Woodstock

Broker

Daniel Hakimain

Price

$ 2,900,000

Map

 

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Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com