9. 6 Cap Rate with upside potential for 12.

821 East 228th Street
Bronx NY 10466
Cross street:Barnes Avenue

Building

Type:House
Era:Pre-war
Floors:3

Property

Ownership: Multi-Family
Rooms: 22
Bedrooms: 11 BR
Bathrooms: 5
Pets: Pets Unknown

Financials

Price: $1,200,000
415 Madison Avenue NY, NY 10017
Courtesy of Mont Sky Real Estate LLC

Description

**9.6% Cap Rate with upside potential for 12.8% return. Buyer is eager to sell!

This is a very large 3 unit building with a spacious backyard and parking spots available.
Each apartment encompasses *one entire floor*.
Construction is relatively new, having also been recently renovated. Property is very well maintained in great condition.

Located within a couple hundred feet from subway line 2, as well as main bus lines providing excellent transportation convenience. There is a new multifamily development currently in construction in the lot adjacent to this property on the left hand side, effectively enhancing the value of this block. Rent Roll and T12 Pro Forma are all available upon request.





Amenities

  • private-garden
  • private-roof
  • Terrace
  • Walk-up

9. 6 Cap Rate with upside potential for 12.

Description

**9.6% Cap Rate with upside potential for 12.8% return. Buyer is eager to sell!

This is a very large 3 unit building with a spacious backyard and parking spots available.
Each apartment encompasses *one entire floor*.
Construction is relatively new, having also been recently renovated. Property is very well maintained in great condition.

Located within a couple hundred feet from subway line 2, as well as main bus lines providing excellent transportation convenience. There is a new multifamily development currently in construction in the lot adjacent to this property on the left hand side, effectively enhancing the value of this block. Rent Roll and T12 Pro Forma are all available upon request.





Amenities

  • private-garden
  • private-roof
  • Terrace
  • Walk-up

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.