BRAND NEW 8 UNIT BRONX WALK UP.
3530 Willet Avenue
New York, NY 10467
Listing
| Web ID: | 5828886 |
|---|---|
| Website: | https://www.nestseekers.com/5828886 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Lot Size: | 0.0 Acres |
Financials
Price:$2,750,000
Annual Taxes:$305
Description
BRAND NEW 8 UNIT BRONX WALK UP. FULLY LEASED. 7.14% RETURN AT THE ASK. REAL ESTATE TAXES OF JUST $305 A YEAR. Completed in 2025 with the Certificate of Occupancy issued May 2026, the Property has six one bedrooms at $2,534 and two studios at $2,092, producing $232,656 of gross potential rent on executed leases with no lease up risk. Tenants pay all electricity including heat, hot water and cooking, so the owner has no fuel bill and expenses run about 15.6% of income. No deferred maintenance and no capital plan. Four story walk up of 4,438 SF on a 1,753 SF lot in Olinville, two blocks from the 2 and 5 trains, with smart heating and cooling, security cameras and a pet friendly policy. Offered at $2,750,000, free and clear of financing and well suited to 1031 exchange buyers and private capital seeking new construction. Offers in writing. Tours by appointment only. Tenants may not be contacted.
Amenities
- Built-in Features
- Cable - Available
- Electricity Connected
- Fire Alarm
- Fire Sprinkler System
- Key Card Entry
- Natural Gas Connected
- Quartz/Quartzite Counter Tops
- Smoke Detectors
- Trash Collection Public
- Video Cameras
- Walk Up
- Water Connected
Contact
Listing Courtesy of Houlihan Lawrence Inc.