New York, NY 10472

Property

Ownership: For Sale
Type: Unknown
Rooms: 66
Bedrooms: 33 BR
Bathrooms: 11
Lot Size: 0.1 Acres

Financials

Price:$1,300,000
Annual Taxes:$58,286.28
505 Park Ave, New York, NY 10022
Listing Courtesy of 5 Boro Realty Corp

Well maintained five story brick corner building in the Bronx featuring 11 units, all currently rented.

Description

Well-maintained five-story brick corner building in the Bronx featuring 11 units, all currently rented. Each apartment unit features 3 bedrooms and 1 full bathroom. The property offers approximately 14,000 square feet of building area situated on a 40 x 100 lot. Renovated interiors feature updated kitchens with stainless steel appliances, floor-to-ceiling tiled bathrooms, and hardwood floors throughout. Units are individually metered for gas. Heat is landlord-controlled and supplied by oil. The property features a boiler system and two electric hot water tanks. Property currently generates over $15,000 per month in rental income with an 8.89% cap rate. Convenient Bronx location with access to transportation, shopping, and neighborhood amenities.

Amenities

  • Other
  • Oven
  • Refrigerator

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.