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924 Rev James A Polite Ave
Bronx, NY 10459
Immeuble residentiel Propriété À vendre
·
3 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Strong cash flow and multiple income streams
- Close to public transportation, including the 2 and 5 subway lines, multiple bus routes, and major thoroughfares
- Fully occupied mixed-use property
Résumé de l'annonce
7.5% Cap | $155K Income | Mixed-Use | South Bronx
- 7.5% Cap Rate | $155K Gross Income | Mixed-Use Investment Opportunity
Strong cash-flowing mixed-use property with multiple income streams and upside potential. Fully occupied asset generating approximately $155,000 annual gross income ($12,500/month) with an estimated NOI of $122,289.
At an asking price around $1.6M, the property supports an in-place cap rate of approximately 7.5%, with potential to exceed 8%+ when including full advertising income.
- Unit Breakdown
1st Floor: 1 bedroom, 1 bathroom plus extra room (includes electricity)
2nd Floor: 2 bedrooms, 2 bathrooms
3rd Floor: 2 bedrooms, 2 bathrooms
Commercial Space: Ground-floor retail plus additional advertising income
- Key Investment Highlights
- 3 residential units plus 1 commercial space
- Additional advertising income (~$3,500/month)
- Estimated NOI ~$122,000+
- Low operating expenses and favorable taxes
- Multiple income streams (residential, commercial, advertising)
- Income Profile
Residential income: ~$74,400/year
Commercial income: ~$33,600/year
Advertising income: ~$42,000/year
Total gross income: ~$155,000/year
- Value Proposition
- Immediate cash-flowing asset
- Built-in upside through additional income and expense optimization
- Strong tenant demand in a growing South Bronx market
- Attractive yield compared to similar mixed-use properties
- Notes
Advertising income is currently in place but should be underwritten separately. All income and expense figures are approximate and subject to independent verification.
- Access by appointment only. Do not disturb tenants.
- 7.5% Cap Rate | $155K Gross Income | Mixed-Use Investment Opportunity
Strong cash-flowing mixed-use property with multiple income streams and upside potential. Fully occupied asset generating approximately $155,000 annual gross income ($12,500/month) with an estimated NOI of $122,289.
At an asking price around $1.6M, the property supports an in-place cap rate of approximately 7.5%, with potential to exceed 8%+ when including full advertising income.
- Unit Breakdown
1st Floor: 1 bedroom, 1 bathroom plus extra room (includes electricity)
2nd Floor: 2 bedrooms, 2 bathrooms
3rd Floor: 2 bedrooms, 2 bathrooms
Commercial Space: Ground-floor retail plus additional advertising income
- Key Investment Highlights
- 3 residential units plus 1 commercial space
- Additional advertising income (~$3,500/month)
- Estimated NOI ~$122,000+
- Low operating expenses and favorable taxes
- Multiple income streams (residential, commercial, advertising)
- Income Profile
Residential income: ~$74,400/year
Commercial income: ~$33,600/year
Advertising income: ~$42,000/year
Total gross income: ~$155,000/year
- Value Proposition
- Immediate cash-flowing asset
- Built-in upside through additional income and expense optimization
- Strong tenant demand in a growing South Bronx market
- Attractive yield compared to similar mixed-use properties
- Notes
Advertising income is currently in place but should be underwritten separately. All income and expense figures are approximate and subject to independent verification.
- Access by appointment only. Do not disturb tenants.
Faits sur la propriété
| Prix par unité | 712 416 $ CAD | Taille du lot | 0,03 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 000 pi² |
| Taux de capitalisation | 7,50% | Occupation moyenne | 100% |
| Nombre d’unités | 3 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 2005 |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Classe d’immeuble | B | ||
| Zonage | R7-1 - A medium-density residential zoning district in NYC, common in the Bronx, Brooklyn, Queens, and Manhattan, allowing for high-lot-coverage apartment buildings. | ||
| Prix par unité | 712 416 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,50% |
| Nombre d’unités | 3 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | B |
| Taille du lot | 0,03 AC |
| Taille du bâtiment | 4 000 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction | 2005 |
| Zone de développement économique |
Oui |
| Zonage | R7-1 - A medium-density residential zoning district in NYC, common in the Bronx, Brooklyn, Queens, and Manhattan, allowing for high-lot-coverage apartment buildings. |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 3 | - | - |
Impôts fonciers
| Numéro de lot | 02698-0080 | Évaluation des bâtiments | 819 529 $ CAD |
| Évaluation du terrain | 141 669 $ CAD | Évaluation totale | 961 198 $ CAD |
Impôts fonciers
Numéro de lot
02698-0080
Évaluation du terrain
141 669 $ CAD
Évaluation des bâtiments
819 529 $ CAD
Évaluation totale
961 198 $ CAD
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