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2752 Wallace Ave 4 Unit Apartment Building $1,778,192 CAD ($444,548 CAD/Unit) 8.67% Cap Rate Bronx, NY 10467
Investment Highlights
- Four free market apartments delivered vacant
- There are three 1-bedroom apartments and one 3-bedroom apartment
- Ownership began renovations on the two third floor apartments but did not complete the work
- The building contains three floors built 20.5 ft x 68 ft and offers approximately 4,182 total square feet
- There is a two car garage in the rear accessible via a shared driveway
- The property is located within walking distance to the 2 and 5 subway lines and multiple bus routes
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 2752 Wallace Avenue. The subject property is located between Allerton Avenue and Arnow Avenue in the Allerton neighborhood of the Bronx.
The property offers four free market apartments, all will be delivered vacant. The building contains three floors built 20.5 ft x 68 ft and offers approximately 4,182 total square feet. There are three 1-bedroom apartments and one 3-bedroom apartment as well as a two car garage in the rear accessible via a shared driveway. Ownership began renovations on the two third floor apartments but did not complete the work.
The property is located within walking distance to the 2 and 5 subway lines and multiple bus routes. There is an abundance of retail on White Plains Road, Allerton Avenue and Boston Road.
The property offers four free market apartments, all will be delivered vacant. The building contains three floors built 20.5 ft x 68 ft and offers approximately 4,182 total square feet. There are three 1-bedroom apartments and one 3-bedroom apartment as well as a two car garage in the rear accessible via a shared driveway. Ownership began renovations on the two third floor apartments but did not complete the work.
The property is located within walking distance to the 2 and 5 subway lines and multiple bus routes. There is an abundance of retail on White Plains Road, Allerton Avenue and Boston Road.
Property Facts
| Price | $1,778,192 CAD | Property Subtype | Apartment |
| Price Per Unit | $444,548 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.67% | Building Size | 4,182 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Zoning | R6 | ||
| Price | $1,778,192 CAD |
| Price Per Unit | $444,548 CAD |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 4,182 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R6 |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04512-0026 | Improvements Assessment | $35,911 CAD |
| Land Assessment | $11,232 CAD | Total Assessment | $47,143 CAD |
Property Taxes
Parcel Number
04512-0026
Land Assessment
$11,232 CAD
Improvements Assessment
$35,911 CAD
Total Assessment
$47,143 CAD
Contacts
-
Brian Davila -
Derek Bestreich -
Steve Reynolds -
John Loch -
Carson Brantley -
Katiuska Polanco -
Miguel Blasco
-
Investment Property Realty Group
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2752 Wallace Ave
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