Prime Bronx Investment Opportunity High Yield 8.


Property

Website:https://www.nestseekers.com/5669738
Address:
New York, NY 10469
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$1,685,000
Annual Taxes:$6,850

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Century 21 Kafcos Realty