New York, NY 10460

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$1,500,000
Annual Taxes:$15,192.52
505 Park Ave, New York, NY 10022
Listing Courtesy of HomeSmart Homes & Estates

Investor opportunity at 1618 Taylor Avenue, Bronx, NY 10460 !

Exposed brick wall detail, wood-finish flooring, staircase with dark treads, and flush-mount ceiling lighting
Exposed brick wall detail, wood-finish flooring, staircase with dark treads, and flush-mount ceiling lighting

Description

Investor opportunity at 1618 Taylor Avenue, Bronx, NY 10460! This fully occupied four-unit multifamily property offers approximately 3,080 square feet of gross building area on a 2,375-square-foot lot. Featuring a mix of 2-bedroom and 3-bedroom apartments, this income-producing asset provides multiple rental income streams. The property generates approximately $172,546 in annual gross rental income, with a reported pro forma net operating income of $133,248. All four units are occupied, with rental income supported in whole or in part by government subsidy programs or agency/organizational lease arrangements, subject to verification. With reported operating expenses of approximately $34,122 annually, this property presents an opportunity for investors seeking a fully occupied multifamily asset with substantial existing income. The property is noted as having fewer than six units and outside rent stabilization, subject to confirmation and applicable laws. Offered exclusively at $1,500,000. Financials, leases, expenses, and rental regulations to be independently verified by the purchaser

Amenities

  • Electricity Connected
  • ENERGY STAR Qualified Door(s)
  • High ceiling

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.