100% Occupied Five Story (Actually 6) Apartment Building Portfolio Containing a Total of 20 Rent Stabilized Apartments 12,500 Total Usable Apartment Square Footage Almost all rents are received from various agencies
33% Projected Condominium Return On Investment; 16% 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. PROJECTED CONDOMINIUM SELLOUT VALUE: $69,700,000
7.4X RR. Mostly 2 & 3 bedroom apartments. Executive Summary Attached...
Price Upon Req.10,905 SF
Turnkey investment opportunity awaits for the perfect investor! This is a 5 story Multifamily income producing property with 10 units. The building will be delivered fully occupied! 6 out of the 10 units are being rented at market free rent, while the other 4 are rent stabilized. The building has recently been re-stuccoed in 2012. Brand new facade was installed at the same time. Roof has undergone complete renovation 8 years ago and is in good condition. The boiler was serviced 3 years ago and is in good condition. 2 out of the 10 apartments are true 4 bedrooms while the other 8 are all 3 bedrooms. Under 24 hour surveillance. Owner has never had a vacancy for the past 20 years and has a wait list of potential tenants!
Great investment - 2 Family (3-bedroom duplex) brick building on Crotona Park across the park, Great Views, hardwood floors, newly built. Tenants pay utilities
DIAMOND LOCATION IN RIVERDALE NY FOR SALE OR LEASE! " Building Size: 11,200sf (2 Stories) plus 5,600sf usable basement with windows " Ceiling Heights: 1st Floor 13' -14' , 2nd floor 12' -13' , usable basement with windows 10' -11' " Zoning: R4 & Grandfathered factory/warehouse use " 1 drive in, 1 large heavy duty freight & solid concrete floors " Taxes: +/- $21,000 a year " Lot Dimensions: 60' x 107' " Block & Lot: 5761 & 441 " Uses: Residential development, factory, warehouse, distribution, storage, etc.
3 family home available, great investment opportunity! No realtor fee!!! Residential units 3 Residential sq. ft. 4,536 Lot sq. ft. 2,350 Lot dimensions 23.5 ft x 100 ft
Douglas Elliman Commercial as exclusive agent for ownership, is pleased to offer for sale 735 E. 182nd Street, Bronx, NY 10457. The property has five stories, offering as built approximately 20,000 square feet above grade. Built in 1913 and under current ownership since 1976, the property is a 50 wide, 5-story building, consisting of twenty (20) leased residential units. The property benefits from its proximity to historic Bronx institutions and commercial areas, a desirable unit mix, and potential upside in the rents with some units currently renting at or below $1,000 per month. The residential units are configured as ten (10) two-bedroom apartments, five (5) three-bedroom units and five (5) one-bedroom units. Each unit is individually metered for gas and electric service. The property is located in the Belmont section of the Bronx within close proximity to historic Bronx destinations such as The Bronx Zoo and the famed Arthur Avenue Commercial Corridor, which includes Little Italy.
Unit 1 - 3 Bedroom, Office, Kitchen, Living Room Unit 2 - 3 Bedroom, Office, Kitchen, Dinning Room, Living Room Unit 3 - 1 Bedroom, Living Room, Kitchen Renovated, Maintained, Gas & Electric
6 units totaling +/- 8,700 square feet Current Tenants are Dunkin Donuts / Baskin Robbins and a Bait/Tackle shop 2 vacant retail units total +/- 4,260sf combined (Great for an owner / user). This space use to be a restaurant 2 residential units are occupied and newly updated Directly over the City Island bridge + has water views High traffic area especially during the summer Owner may hold a note View the second page for Income & Expenses Parking lot for +/- 30 cars 6 months "Free Rent" on a 5 year lease term 12 months "Free Rent" on a 10 year lease term