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611 E 179th St
Bronx, NY 10457
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 10.58 Cap 100% Occupied 9 Unit Building On A Huge Lot For Sale!!!
- The Building Also Features Security Cameras & System, New Roof, New Electric Service & Meters, New 2,000 Gallon Oil Tank, Skylight, CAC, +++!!!
- Neighbors Include The Bronx Zoo, Chase Bank, Acura, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald’s, Blink Fitness, +++!!!
- The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High Ceilings, 4 Stories, Separate Free Standing 2 Br. House, +++
- The Property Is Located In The Heart The Bronx Minutes From I-95!!!
- This Would Be A Nice Addition To Your Investment Portfolio!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 10.11 Cap 100% Occupied 9 Unit Building On A Huge Lot For Sale!!! The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High Ceilings, 4 Stories, Separate Free Standing 2 Br. House, Security Cameras & System, New Roof, New Electric Service & Meters, New 2,000 Gallon Oil Tank, Skylight, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart The Bronx Minutes From I-95!!! Neighbors Include The Bronx Zoo, Chase Bank, Acura, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald’s, Blink Fitness, White Castle, Family Dollar, KFC, +++!!! This Would Be A Nice Addition To Your Investment Portfolio!!!
Income:
Apt. 1 (3 Br.): $26,220 Ann.
Apt. 2 (3 Br.): $26,220 Ann.
Apt. 3 ( 3 Br.): $20,700 Ann.
Apt. 4 (4 Br.): $26,220 Ann.
Apt. 5 (3 Br.): $24,228 Ann.
Apt. 6 (4 Br.): $15,180 Ann.
Apt. 7 (3 Br.): $24,252 Ann.
Apt. 8 (4 Br.): $30,756 Ann.
Apt. 9 (Rear Free Standing 2 Br. House): $25,992 Ann.
Finished Basement (2,000 Sqft.): $42,000 Ann. (Available)
Gross Income: $261,768 Ann.
Expenses:
Oil: $7,800 Ann.
Electric (Common Areas Only): $1,200 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $9,280 Ann.
Insurance: $5,800 Ann.
Taxes: $9,974.92 Ann.
Total Expenses: $34,304.92 Ann.
Net Operating Income (NOI): $227,463.08 Ann. (Proforma 10.11 Cap!!!)
Income:
Apt. 1 (3 Br.): $26,220 Ann.
Apt. 2 (3 Br.): $26,220 Ann.
Apt. 3 ( 3 Br.): $20,700 Ann.
Apt. 4 (4 Br.): $26,220 Ann.
Apt. 5 (3 Br.): $24,228 Ann.
Apt. 6 (4 Br.): $15,180 Ann.
Apt. 7 (3 Br.): $24,252 Ann.
Apt. 8 (4 Br.): $30,756 Ann.
Apt. 9 (Rear Free Standing 2 Br. House): $25,992 Ann.
Finished Basement (2,000 Sqft.): $42,000 Ann. (Available)
Gross Income: $261,768 Ann.
Expenses:
Oil: $7,800 Ann.
Electric (Common Areas Only): $1,200 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $9,280 Ann.
Insurance: $5,800 Ann.
Taxes: $9,974.92 Ann.
Total Expenses: $34,304.92 Ann.
Net Operating Income (NOI): $227,463.08 Ann. (Proforma 10.11 Cap!!!)
Property Facts
| Price Per Unit | $326,573 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 10.58% | Building Size | 9,080 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.66/1,000 SF |
| Zoning | R7-1 | ||
| Price Per Unit | $326,573 CAD |
| Sale Type | Investment |
| Cap Rate | 10.58% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,080 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2022 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | R7-1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Security System
- Kitchen
- Refrigerator
- Range
Property Taxes
| Parcel Number | 03069-0104 | Improvements Assessment | $130,968 CAD |
| Land Assessment | $1,774 CAD | Total Assessment | $132,742 CAD |
Property Taxes
Parcel Number
03069-0104
Land Assessment
$1,774 CAD
Improvements Assessment
$130,968 CAD
Total Assessment
$132,742 CAD
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