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The subject property is a 5 story, 21 unit elevator building, totaling 14,845 square feet located on Prospect Avenue. The rent stabilized building consists of five studio units, five (1) bedroom units, ten (2) bedroom units and one (3) bedroom unit. The property sits on a 41 ft. by 164 ft. lot (block: 2962 lot: 42). The property is located in the R6 zone. Centrally located in the heard of the Charlotte Gardens, the property is within walking distance to the 2 and 5 subway lines, ideal for commuting tenants. In addition, the building is conveniently located near the shops as well as Crotona Park.
Calling All Investors, Developers & End-Users!!! 10.03 Cap 11 Unit Apartment Building In The Bronx For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong M1-1 Zoning, 6 Parking Spaces, High 8' Ceilings, 5 Stories, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just 2 Blocks From I-278 Off Sheridan Blvd.!!! Neighbors Include The Bronx Stop & Shop, ShopRite, Optimum, Macy's, AutoZone, Burlington, Planet Fitness, Marshall's, McDonald's, CVS, Walgreens, IHOP, Family Dollar, Popeye's, Aldi, +++!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!! Income: Apt. A (3 Br. 1 Bath): $38,400 Ann. (Available) Apt. B (3 Br. 1 Bath): $26,604 Ann. Apt. 1A (3 Br. 1 Bath): $28,800 Ann. (Available) Apt. 1B (3 Br. 1 Bath): $28,800 Ann. Apt. 2A (3 Br. 1 Bath): $38,400 Ann. (Available) Apt. 2B (3 Br. 1 Bath): $38,400 Ann. Apt. 3A (3 Br. 1 Bath): $24,648 Ann. Apt. 3B (3 Br. 1 Bath): $24,564 Ann. Apt. 4A (3 Br. 1 Bath): $25,932 Ann. Apt. 4B (3 Br. 1 Bath): $30,007 Ann. Apt. 11 (3Br. 1 Bath): $38,400 Ann. (Available) Gross Income: $342,955 Ann. Expenses: Heat: $20,000 Ann. Electric (Common Areas Only): $2,400 Ann. Maintenance & Repairs: $10,000 Ann. Water & Sewer: $20,000 Ann. Insurance: $10,000 Ann. Taxes: $40,960 Ann. Total Expenses: $103,360 Ann. Net Operating Income (NOI): $239,595 Ann (Pro Forma 10.03 Cap!!!)