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
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 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 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.
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
17% Return on Equity Now, and 30% Projected ROE It may be possible to make 100% on your investment in 6 years, double your investment in 10 years and to TRIPLE YOUR INVESTMENT in 14 years? 12% ROI Cash on Cash Return on Investment Now, and 24% Projected ROI 100% Occupied 3 Five Story Apartment Building Portfolio Containing a Total of 61 Rent Stabilized Apartments, Plus 8 Storage Rental Units = 69 UNITS TOTAL in 48,773 Total Usable Square Feet. New Rubber Roof, Thoroseal Pointing, New Boiler Price Dropped from $14,000,000 11% Cash On Cash Projected Now 24% Cash On Cash Projected In Future
Mixes Use Property. A Chinise take out Restaurant on the first floor. 2nd & 3rd floors 3 BR apartment on each floor with the living room eat in kitchen and 2 full baths. 3 cars garage. All equipment and appliances in the store will be included in the sale.
Beautiful brick four family. Three 1 BR Apt and one 3 BR Apt. Nice walk-in finished basement. Detached car garage with private driveway. Nice backyard, 33x100 lot. Close to shops-public transportations-#2 train.
Bsmt/Subfl: Full Finish Basement 3 Bedroom 1st Floor: 3 Bedroom Living Rm Dinning Kitch Full Bath Deck MBR 1st Floor: Y 2nd Floor: 4 Bedroom Living Rm Dinning Kitch Full Bath 3rd Floor: 3 Bedroom Living Rm Dinning Kitch Full BathHurry Wont Last This 3 Story Colonial Fully Detached On A 37X102 Lot R7 Zoning Build able Up To 13182Sq Ft Or For Investment Great Opportunity On This Fully Renovated Property Call For More Details