- 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 %
Prospect Avenue Bronx, NY 10455
$2,900,000.00
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 |
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