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506 Brook Ave
Bronx, NY 10455
Multifamily Property For Sale
·
10 Units
Executive Summary
SFG - SOW Figueroa Group is pleased to offer the NYC mixed-use investor its latest exclusive opportunity, 506 Brook Avenue, Bronx, NY. This mixed- use lot contains 10 units, approx. 8,150 SF of residential rentable space, 8 three-bedroom apartments (980 SF each), 1 two-bedroom apartment and 800 SF of retail space. The property is 100% vacant, final stages of obtaining certificate of no harassment, substantial renovation is required.
*DHCR Fact Sheet #38 Substantial Rehabilitation. A building that has been substantially rehabilitated within the meaning of Tenant Protection Regulations Section 2500.9(e) or Rent Stabilization Code Section 2520.11(e), and is therefore exempt from coverage under the Emergency Tenant Protection Act (ETPA) or the Rent Stabilization Law (RSL), respectively, for rent stabilized properties where the owner demonstrates, based upon the totality of the circumstances, that the following criteria have been met: Please perform your own due diligence.
LOCATION: 506 Brook Avenue, Bronx NY 10455 NEIGHBORHOOD: Mott Haven | BLOCK/LOT: 2274/06 LOT SIZE: 2,450 SF | LOT DIMENSIONS: 25’ x 98’ BUILDING
DIMENSIONS: 25’x 78’
RESIDENTIAL SF: 8,150 RESIDENTIAL UNITS: 9 COMMERCIAL SF: 800 COMMERCIAL UNITS: 1 STORIES: 5
YEAR BUILT: 1931
ZONING: R6 l C1-4
QUALIFIED OPPORTUNITY ZONE: Yes
TAXES: $8,392.00
TRANSPORTATION: I278 | Bruckner Expressway MTA: 2 and 5 at 3rd Ave & 149th Street HUB
SALE PRICE: $1.8mm Price adjustment $1.4mm
*DHCR Fact Sheet #38 Substantial Rehabilitation. A building that has been substantially rehabilitated within the meaning of Tenant Protection Regulations Section 2500.9(e) or Rent Stabilization Code Section 2520.11(e), and is therefore exempt from coverage under the Emergency Tenant Protection Act (ETPA) or the Rent Stabilization Law (RSL), respectively, for rent stabilized properties where the owner demonstrates, based upon the totality of the circumstances, that the following criteria have been met: Please perform your own due diligence.
LOCATION: 506 Brook Avenue, Bronx NY 10455 NEIGHBORHOOD: Mott Haven | BLOCK/LOT: 2274/06 LOT SIZE: 2,450 SF | LOT DIMENSIONS: 25’ x 98’ BUILDING
DIMENSIONS: 25’x 78’
RESIDENTIAL SF: 8,150 RESIDENTIAL UNITS: 9 COMMERCIAL SF: 800 COMMERCIAL UNITS: 1 STORIES: 5
YEAR BUILT: 1931
ZONING: R6 l C1-4
QUALIFIED OPPORTUNITY ZONE: Yes
TAXES: $8,392.00
TRANSPORTATION: I278 | Bruckner Expressway MTA: 2 and 5 at 3rd Ave & 149th Street HUB
SALE PRICE: $1.8mm Price adjustment $1.4mm
Property Facts Under Contract
| Price Per Unit | $193,704 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 8,950 SF |
| No. Units | 10 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-6, C1-4 - Residential Commercial | ||
| Price Per Unit | $193,704 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,950 SF |
| Average Occupancy | 0% |
| No. Stories | 5 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R-6, C1-4 - Residential Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 800 |
| 2+1 | 1 | - | 980 |
| 3+1 | 8 | - | 980 |
Property Taxes
| Parcel Number | 02274-0006 | Improvements Assessment | $94,653 CAD |
| Land Assessment | $1,276 CAD | Total Assessment | $95,929 CAD |
Property Taxes
Parcel Number
02274-0006
Land Assessment
$1,276 CAD
Improvements Assessment
$94,653 CAD
Total Assessment
$95,929 CAD
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