- 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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Total Built: 51,000 SF. Total Buildable: 105.144 SF. Tenants pay for their own utilities and gas. Property is near major highways and roads and multiple local & express buses. Property is walking distance to the 7 train
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J51 Abatement in place, 15 years remaining. New tiles, bathrooms, kitchen works, lighting, etc. Boiler installed in each unit, not under Landlord maintenance. Easy access to Jackie Robinson Expy, Van Wyck Expy and public transportation
