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


Property

Website:https://www.nestseekers.com/5529676
Address:
New York, NY 10455
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$2,200,000
Annual Taxes:$26,356

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of eXp Realty