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Investment Highlights

  • · Possible for Buyer to undergo the process of destablzing the units after 421a exemption expires
  • ? Natural Gas, Baseboard, Central Air, Hardwood Floors
  • ? Tenant Pays: All Utilities, Cooking Gas, Electricity, Heat, Water

Executive Summary

A (4) story walk-up apartment building consisted of 8 apartments, (1) oversized studio unit, and (7) 1-bedroom units. The property is located in the Norwood Section of the Bronx. Hull Avenue currently has a 421a tax abatement, which expires in 2028.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,455,632 CAD
Price Per Unit $306,954 CAD
Sale Type Investment
Cap Rate 7.90%
Gross Rent Multiplier 10.23
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 5,780 SF
Average Occupancy 100%
No. Stories 4
Year Built 2010
Zoning R7-1 - R7 districts are medium-density apartment house districts.

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Granite Countertops
  • Hardwood Floors
  • Wi-Fi
  • Double Pane Windows
  • Handrails
  • Intercom
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Smoke Free
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - -
1+1 7 - -
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
03349-0014
Land Assessment
$93,093 CAD
Improvements Assessment
$419,219 CAD
Total Assessment
$512,312 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 34934092

  • Date on Market: 2025-02-25

  • Last Updated:

  • Address: 3144 Hull Ave, Bronx, NY 10467

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