New York, NY 10455

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$2,200,000
Annual Taxes:$26,356
505 Park Ave, New York, NY 10022
Listing Courtesy of eXp Realty

Rare 24 unit multifamily investment opportunity in the desirable Longwood section of the Bronx.

Description

Rare 24-unit multifamily investment opportunity in the desirable Longwood section of the Bronx. This solid brick property consists of two attached buildings in excellent condition with strong curb appeal, a desirable unit mix, and steady rental demand. 689 Beck Street features 13 studio apartments and 3 one-bedroom apartments. 693 Beck Street features 5 three-bedroom apartments and 3 four-bedroom apartments. Both buildings are serviced by one efficient boiler system, helping simplify management and reduce maintenance costs. Offered at a 7.5% cap Conveniently located near public transportation, shopping, schools, parks, and daily conveniences. A strong income-producing asset with durable construction, excellent condition, and long-term upside in a high-demand Bronx rental market.

Amenities

  • Cable - Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Long Island MLS

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.