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Office, Retail, Industrial, Vacant Land, Hospitality, Mixed Use, Multi-Family, Medical Office, Flex/R&D, Income / Business
Amazing development site with 100 feet of frontage on Jerome Avenue. Located half a block from Fordham Road. FAR of 3.44 Delivered vacant. PRICE REDUCED
5-Story Walk-Up 10 Unites, 2 Stores
Beautiful, well maintained, brick and stucco home, with large backyard, in the Pelham Parkway\Morris Park (Indian Village) neighborhood of Bronx. Two rental income apartments with private entries, each 1150 sq ft. Large lot, 5000 sq. ft. (50 wide x 100 deep) next to elementary school. Perfect for dentist wanting to begin practice and have rental income. Professional space is 1150 sq ft with 3 operatories.
Newly renovated 3 family, with a driveway and backyard on a 25x100 lot. 1F (4BR) rent 1750, 2f&3f each rents 1100. Annual gross rent close to 50k. low taxes.. 4 gas meters and 3 elec meters. unfinished basement. Gas heating. It is in good condition, FHA financing approved. Ideal for first time buyer.
14% Projected Return on Equity (Self Managed True Initial Cash On Cash Return on Equity Investment Including Net Income After Debt Service PLUS Add Back Vacancy Allowance, Collection Loss, Replacement Reserves, TILC, 3% Management Fee Plus Amortization Principal Reduction From Debt Service) DESCRIPTION: Brand New 2009 construction, 97% Occupied, 7 Story Luxury Doorman Elevator brick apartment, mixed use, commercial, office, medical and retail building with 89,600 Total Usable Square Feet containing 63 Luxury Apartments with 50,788 Square Feet of Usable Residential Square Footage, plus 13 with Exterior Usable Terraces/Balconies totaling 3,873 square feet, and; 4,402 Square Feet of Street Level Retail Space; 16,060 Square Feet of 2nd & 3rd Floor Medical Office Space and 15,000 Square Feet of Interior Parking for 80 Cars.
Ariel Property Advisors presents 2252 Bassford Avenue, a multi-family building located on the east side of Bassford Avenue between East 182nd and East 183rd Streets in the Belmont section of The Bronx. Spanning approximately 9,000 square feet, 2252 Bassford Avenue contains 8 residential units, all of which are spacious 2-bedrooms with potential to convert to 3-bedrooms and is currently operating at $16 per residential square foot. The property offers immediate access to popular eateries in the heart of The Bronx' s Little Italy. In addition, the building' s close proximity to Fordham Road provides tenants with proximity to the bustling commercial corridor. Easy access to Manhattan is also provided by the Metro North train station located at the intersection of East Fordham Road and Webster Avenue. Offering steady cash flow and significant upside, 2252 Bassford Avenue stands out as a tremendous Bronx multifamily opportunity. Please contact our sales team for more information about this property or to schedule an inspection.
Ariel Property Advisors presents 956 Leggett Avenue, a multifamily building located between Beck and Kelly Streets in the Longwood section of the South Bronx. Spanning approximately 6,000 square feet, 956 Leggett Avenue contains 8 residential units, all of which are spacious two-bedrooms and is currently operating at $17 per residential square foot. Offering steady cash flow and significant upside, the asset provides investors with an opportunity to gain a foothold in the emerging South Bronx multifamily market. Located steps away from the 6 subway station, the property provides easy access to Manhattan and the outer boroughs. Please contact our sales team for more information about this property or to schedule an inspection.
Ariel Property Advisors is pleased to present 1115 College Avenue & 1249 Webster Avenue, a pair of multifamily properties in the Fleetwood-Concourse Village section of The Bronx. 1115 College Avenue is a 6-story elevator building. The property, which underwent a moderate rehab in 2004, consists of thirty-one (31) one-bedroom units, eleven (11) two-bedroom units, one (1) three-bedroom unit and one (1) studio and is currently operating at $12 per residential square foot. 1249 Webster Avenue is a 5-story walk-up building. The property, which underwent a full gut rehab in 2004 consists of eight (8) two-bedroom units and one (1) one-bedroom unit and is currently operating at $17 per residential square foot. As both properties were significantly renovated in the past decade, 1115 College & 1249 Webster benefit from a J-51 tax exemption and abatement, resulting in zero net effective taxes until 2034. With these guaranteed mitigated expenses and anticipated increases in future value and gross revenues, the operating income will increase substantially moving forward.
Ariel Property Advisors is pleased to present 2475 Hughes Avenue, a multi-family building located on the west side of Hughes Avenue between East 188th and East 189th Streets in the Belmont section of The Bronx. Spanning approximately 15,000 square feet, 2475 Hughes Avenue contains 20 residential units, all of which are rent stabilized. The unit mix consists of 6 three-bedroom apartments, 7 two-bedroom apartments and 7 one-bedroom apartments. Current ownership has significantly improved the property with investments into the property' s common areas and several of the individual units. The property is located just 1 block from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx' s Little Italy. The building' s close proximity to Fordham University makes it a natural destination for the area' s many students seeking quality housing options. Easy access to Manhattan is also provided by the Metro North train station located at the intersection of East Fordham Road and Webster Avenue. Offering a prime location, steady cash flow and significant upside, 2745 Hughes Avenue stands out as a tremendous Bronx multifamily opportunity.
9 Two Family Building Package. Each building consist of 3 bedrooms, 2 full baths, over 3 bedrooms, 2 full baths, semi-finished basements, with 2 means of egress(Potential 3rd Income per building), 2 car parking. Fully occupied with tenants paying all utilities, Heat & Hot Water, Close to schools, shopping & public transportation. Priced for package deal for savvy Investor MAKE AN OFFER FOR PACKAGE, can be sold separately.