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Investment Property For Sale  
1350 Prospect Avenue, Bronx, NY 10459   Web ID 131

Details

Asking Price: $575,000
Rent: $4,286/mo
Approximate Sqft: 5,525
Existing Annual Revenue: $51,432
Existing Annual Expenses: $16,411
Existing Net Operating Income: $35,021
Existing Cap Rate: 6%
Pro Forma Annual Revenue: $63,000
Pro Forma Annual Expenses: $16,411
Pro Forma Net Operating Income: $46,589
Pro Forma Cap Rate: 8.1%

Investment Property For Sale
6.1 going in cap, 8.1 exit cap

INVESTMENT OVERVIEW
The subject property 1350 Prospect Avenue, Bronx, NY, (Block & Lot #02970-0017) is a three story building with a basement. Lot dimensions are 25 ft x 100 ft and the building dimensions are 20 ft x 50 ft. Building is situated on a 2500sf. lot
The property is configured with three, 1029sf (3) bedroom, (1) bathroom apartments. The property is in good condition because of daily maintenance and periodic renovations. The building is presently fully occupied.

INVESTMENT HIGHLIGHTS
  • Three (3) Bedrooms, (1) Bathroom apartments in good condition
  • Property is 5525sf under FAR
  • Located in the Claremont area in the Bronx
  • Situated near stores and restaurants.
  • Close to public transportation
  • The building is located in close proximity to local Elementary, Intermediate, and High Schools
Annual Expenses
  • Electricity - $291
  • Heat - $7219
  • Water & Sewer - $3000
  • Taxes - $2300
  • Maintenance - $1540
  • Property Insurance - $2,061
  • Total - $16,411

Map

All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

  City Connections Realty, Inc. supports Equal Housing Opportunity. The federal Fair Housing Act makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make such preference, limitation or discrimination." We will not knowingly accept or permit any advertisement for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.