Solid NNN tenant, has never missed a payment. Owner only pays real estate taxes. $20,000/month rent roll, set to increase to $22,000/month on 1/1/2026. Current lease through 12/31/2030 ~10% cap rate AS IS for this unique investment property. One (1) 3 bedroom unit and four (4) 2 bedroom units.
Newly listed, 35-year tax abatement starting in 2021, good investment opportunity, 16 residential apartments plus one commercial apartment, fully occupied, annual rent is 342,000., Additional information: vac_perc:0, Building Size:25X74
Calling All Investors, Developers & End-Users!!! 20,858 Sqft. 26 Unit Corner Apartment Building With Private Gated Parking For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 12 Parking Spaces In Private Gated Lot, High 9' Ceilings, Strong R7-1 Zoning, Elevator, All New LED Lighting, 3 Phase Power, Sprinklers, Separate Meters, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Major Deegan Expy. Right Near Bronx Community College!!! Neighbors Include Toyota, YMCA, The Home Depot, Planet Fitness, Extra Space Storage, Dunkin', Walgreens, Best Buy, Chick-fil-A, AutoZone, Marshalls, Taco Bell, Mattress Firm, Burlington, Old Navy, Lukoil, +++!!! The Property Has A Fixed Rate Assumable Mortgage With 11 Years Left!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Apt. 2A: $24,018.84 Ann.; Lease Exp.: 9/30/25. Apt. 2B: $21,646.80 Ann.; Lease Exp.: 8/31/24. Apt. 2C: $22,713.24 Ann.; Lease Exp.: 9/30/24. Apt. 2D: $22,713.24 Ann.; Lease Exp.: 9/30/24. Apt. 3A: $22,679.52 Ann.; Lease Exp.: 10/31/25. Apt. 3B: $21,234.48 Ann.; Lease Exp.: 10/31/24. Apt. 3C: $20,652.72 Ann.; Lease Exp.: 9/30/25. Apt. 3D: $22,500.12 Ann.; Lease Exp.: 11/30/24. Apt. 3E: $24,135.72 Ann.; Lease Exp.: 7/31/24. Apt. 4A: $22,610.88 Ann.; Lease Exp.: 10/31/24 Apt. 4B: $21,182.88 Ann.; Lease Exp.: 10/31/24 Apt. 4C: $21,375.72 Ann.; Lease Exp.: 2/28/25. Apt. 4D: $22,123.80 Ann.; Lease Exp.: 11/30/24. Apt. 4E: $24,644.52 Ann.; Lease Exp.: 9/30/25. Apt. 5A: $22,610.88 Ann.; Lease Exp.: 11/30/24. Apt. 5B: $22,680 Ann.; Lease Exp: 9/30/24. Apt. 5C: $21,843.60 Ann.; Lease Exp.: 9/30/24. Apt. 5D: $22,070.16 Ann.; Lease Exp.: 9/30/25. Apt. 5E: $24,498 Ann.; Lease Exp.: 5/31/24. Apt. 6A: $22,455.36 Ann.; Lease Exp.: 9/30/25. Apt. 6B: $22,455.52 Ann.; Lease Exp.: 9/30/25. Apt. 6C: $26,319 Ann. (Available) Apt. 6D: $25,312.56 Ann.; Lease Exp.: 9/30/24. Apt. 7A: $24,704.52 Ann.; Lease Exp.: 9/30/24. Apt. 7B: $22,610.88 Ann.; Lease Exp.: 9/30/24. Total Rent: $571,792.96 Ann. 9 Parking Spaces: $24,000 Ann. Community Facility: $38,400 Ann. (Available) Expenses: Electric: $9,628 Ann. (Common Area Only) Heat/Hot Water: $18,000 Ann. Insurance: $11,000 Ann. Water/Sewer: $22,000 Ann. Maintenance & Repairs: $8,800 Ann. (Building Is Only 4 Years Old) Taxes: $391.44 Ann. (Protected For The Next 34 Years) Total Expenses: $69,819.44 Ann. Pro Forma Gross Income: $634,192.96 Ann. Net Operating Income (NOI): $564,373.52 Ann. (Pro Forma 6.5% Cap!!!)
Cap rate of 4.9%. Exceptional corner unit 5-Family Investment Opportunity In Morris Heights in the Bronx. Beautiful brick building with 2 2-Bedroom apartments and 2-3 bedroom apartments of which 1 to be delivered vacant. All apartments are free-market and current renters are on month to month. This 2-story walk up has 4 parking spots and is R5 zoned. THIS WILL NOT BE DELIVERED VACANT
Morris Heights section of the Bronx. Large investment property features 6 family units Brick constructions, with 5( 2 Bedrooms apartments and 1 (1 Bedroom apartment). Large rooms with a gross square footage of 3,969. Convenience located, 3 Story Multifamily with a security system, convenience to all major transportation. Additional Information: HeatingFuel:Oil Above Ground,
Two Family + One Commercial Unit + BSMT A unique and rare real estate offering for an end user or investment. This mixed-use property offers a blend of residential comfort and commercial potential. Upstairs, discover two well-appointed apartments, each offering two bedrooms and two full bathrooms. This attached building features a spacious storefront on the first level. Also includes basement area, providing additional 800 sqft storage, ideal for a variety of business ventures, paired with a private entrance leading to residential units above. High Traffic Area, easy access to local amenities, shopping, dining, and public transportation, making it an ideal spot for both living and conducting business.Term asset appreciation potential. Store Tenant Lease Expires 08/31/24 Store pays: $3,000. Apartments Projected Income As per The Housing Auth. $3,027 Each Gross Monthly: $9,000 Gross Annual Income: $108,000. Owners Expenses: Tax: $3,000 Water: $1,500 Heat: $3,600
The median home value in Bronx, NY is $677,200. This is higher than the county median home value of $453,000. The national median home value is $338,100. The average price of homes sold in Bronx, NY is $677,200. Approximately 30.01% of Bronx homes are owned, compared to 60.51% rented, while 9.48% are vacant. Bronx real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Bronx real estate agent to arrange a tour today!
Bronx, New York 10453 has a population of 8,736,047. Bronx 10453 is more family-centric than the surrounding county with 27.43% of the households containing married families with children. The county average for households married with children is 21.51%.
The median household income in Bronx, New York 10453 is $70,663. The median household income for the surrounding county is $43,726 compared to the national median of $69,021. The median age of people living in Bronx 10453 is 37.3 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 26.1 degrees. The average rainfall is approximately 46.6 inches per year, with 25.3 inches of snow per year.