Calling All Investors, Developers & End-User!!! 9.51 Cap Brand New 10 Unit Bronx Apartment Building Near Grand Concourse For Sale!!! The Property Features, Excellent Signage, Great Exposure, R7-1 Zoning, HIgh 8’ Ceilings, Sprinklers, 6 Parking Spaces, Gated Side Yard, Rear Yard, Low Property Taxes, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Between 1-95, Grand Concourse & Webster Ave.!!! The Property Was Built In 2025 & Has A 485X Tax Abatement That Expires In 2061!!! Neighbors Include Yankee Stadium, Shell, Gulf, 7-Eleven, Dunkin’, Key Food, White Castle, Western Beef, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!


Income:

Unit 1A (Studio): $30,000 Ann.
Unit 1B (Studio): $30,000 Ann.
Unit 1C (Studio): $30,000 Ann.
Unit 2A (1 Br. Apt.): $32,400 Ann.
Unit 3A (1 Br. Apt.): $32,400 Ann.
Unit 3B: $25,200 Ann. (Available)
Unit 4A (Studio): $30,000 Ann.
Unit 4B (1 Br. Apt.): $32,400 Ann.
Unit 4C: $25,200 Ann. (Available)

Pro Forma Gross Income: $300,000 Ann.



Expenses:

Electric: $2,410 Ann.
Insurance: $6,823 Ann.
Water & Sewer: $3,869 Ann.

Taxes: $2,691 Ann.

Total Expenses: $15,793 Ann.

Net Operating Income (NOI): $284,207 Ann. (Pro Forma 9.51% Cap!!!)