Prime Bronx Investment Opportunity High Yield 8.
| Website: | https://www.nestseekers.com/5669738 |
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| Address: | New York, NY 10469 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Lot Size: | 0.1 Acres |
Financials
Description
Prime Bronx Investment Opportunity | High-Yield 8.24% Cap Rate!
Incredible turn-key investment opportunity in the Bronx! This well-maintained, 5-family brick walk-up building features free-market rents, excellent collection history, and major mechanical upgrades already completed.
Key Building Features:
Upgrades: New roof, new garage roof, new windows, upgraded electrical service (meters & panels), upgraded gas service, new gas steam boiler, 2 new gas hot water heaters, and a security camera system.
Property Layout: Includes five residential units 3BD, 2BD, 1BD, 1BD, Studio, plus 2 single-car garages generating additional income.
Financial Snapshot:
Asking Price: $1,685,000
Gross Annual Income (2026): $164,208 ($13,684/month)
Annual Expenses (2025): $25,307
Net Operating Income (NOI): $138,901
Cap Rate: 8.24%
Low-maintenance property with reliable rental history and strong cash flow from day one. Don’t miss out on this high-performing asset!
Amenities
- Balcony
- Electricity Connected
- Gas Oven
- Natural Gas Connected
- Refrigerator
- Sewer Connected
- Video Cameras
- Water Connected
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 | |
| Listing Courtesy of Century 21 Kafcos Realty | |