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1050 Lowell St
Bronx, NY 10459
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 10.03 Cap 11 Unit Apartment Building In The Bronx For Sale!!!
- The Property Is Located In The Heart Of The Bronx Just 2 Blocks From I-278 Off Sheridan Blvd.!!!
- This Property Has HUGE Upside Potential!!!
- The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High 8’ Ceilings, Stong M1-1 Zoning, 200 Amp Power, A/C, +++!!!
- Neighbors Include Stop & Shop, ShopRite, Optimum, Macy’s, AutoZone, Burlington, Planet Fitness, Marshall’s, McDonald’s, CVS, Walgreens, IHOP, +++!!!
- This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 10.03 Cap 11 Unit Apartment Building In The Bronx For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong M1-1 Zoning, 6 Parking Spaces, High 8’ Ceilings, 5 Stories, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just 2 Blocks From I-278 Off Sheridan Blvd.!!! Neighbors Include Stop & Shop, ShopRite, Optimum, Macy’s, AutoZone, Burlington, Planet Fitness, Marshall’s, McDonald’s, CVS, Walgreens, IHOP, Family Dollar, Popeye’s, Aldi, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!!
Income:
Apt. A (3 Br. 1 Bath): $38,400 Ann. (Available)
Apt. B (3 Br. 1 Bath): $26,604 Ann.
Apt. 1A (3 Br. 1 Bath): $28,800 Ann. (Available)
Apt. 1B (3 Br. 1 Bath): $28,800 Ann.
Apt. 2A (3 Br. 1 Bath): $38,400 Ann. (Available)
Apt. 2B (3 Br. 1 Bath): $38,400 Ann.
Apt. 3A (3 Br. 1 Bath): $24,648 Ann.
Apt. 3B (3 Br. 1 Bath): $24,564 Ann.
Apt. 4A (3 Br. 1 Bath): $25,932 Ann.
Apt. 4B (3 Br. 1 Bath): $30,007 Ann.
Apt. 11 (3Br. 1 Bath): $38,400 Ann. (Available)
Gross Income: $342,955 Ann.
Expenses:
Heat: $20,000 Ann.
Electric (Common Areas Only): $2,400 Ann.
Maintenance & Repairs: $10,000 Ann.
Water & Sewer: $20,000 Ann.
Insurance: $10,000 Ann.
Taxes: $40,960 Ann.
Total Expenses: $103,360 Ann.
Net Operating Income (NOI): $239,595 Ann. (Pro Forma 10.03 Cap!!!)
Income:
Apt. A (3 Br. 1 Bath): $38,400 Ann. (Available)
Apt. B (3 Br. 1 Bath): $26,604 Ann.
Apt. 1A (3 Br. 1 Bath): $28,800 Ann. (Available)
Apt. 1B (3 Br. 1 Bath): $28,800 Ann.
Apt. 2A (3 Br. 1 Bath): $38,400 Ann. (Available)
Apt. 2B (3 Br. 1 Bath): $38,400 Ann.
Apt. 3A (3 Br. 1 Bath): $24,648 Ann.
Apt. 3B (3 Br. 1 Bath): $24,564 Ann.
Apt. 4A (3 Br. 1 Bath): $25,932 Ann.
Apt. 4B (3 Br. 1 Bath): $30,007 Ann.
Apt. 11 (3Br. 1 Bath): $38,400 Ann. (Available)
Gross Income: $342,955 Ann.
Expenses:
Heat: $20,000 Ann.
Electric (Common Areas Only): $2,400 Ann.
Maintenance & Repairs: $10,000 Ann.
Water & Sewer: $20,000 Ann.
Insurance: $10,000 Ann.
Taxes: $40,960 Ann.
Total Expenses: $103,360 Ann.
Net Operating Income (NOI): $239,595 Ann. (Pro Forma 10.03 Cap!!!)
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Security System
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 11 | - | 850 |
Property Taxes
| Parcel Number | 02757-0042 | Improvements Assessment | $396,112 CAD |
| Land Assessment | $60,276 CAD | Total Assessment | $456,388 CAD |
Property Taxes
Parcel Number
02757-0042
Land Assessment
$60,276 CAD
Improvements Assessment
$396,112 CAD
Total Assessment
$456,388 CAD
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