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Six-Unit Bronx Multifamily With Master Leased Garage and Back Yard Terraces | FOR SALE

$1,575,000

737 East 219th Street, Bronx, NY 10467

Active
Last Updated: 08/21/2024

7

Cap Rate

109,653

NOI

Details:
Cap Rate:    7%
NOI:    $109,653
Building Size:    4,950 sqft
Lot Area:    5,713 sqft
Units:    6
Year Built:    1928
Price Per Sqft:    $318
Price Per Unit:    $263,000
Zoning:    R5
Description:

Presenting a six-unit multifamily property and a garage located on the east side of East 219th Street near Bronxwood Avenue, just a few blocks from the MTA train station at White Plains Road. The property consists of a main three story building, totaling 4,950 square feet, and includes a master leased three-car garage.

This well-maintained stone and brick building features a front courtyard with decorative columns, a steel and glass entrance door, and private terrace/deck areas in the back.

The property features an intercom system and four cameras. Apartments #5 and #6 have electric stoves, while the rest run on gas.

The utilities are efficiently managed with a large gas meter outside, along with gas and electric meters in the basement. The property is equipped with a boiler running on 100% gas and in good condition. Additionally, there is an above-ground oil tank on the property which is not in use but, if functional, may offer potential for cost savings with interruptible service.

The roof of the building is a silver coat rubber roof. The property also includes a driveway that leads to a three-car garage, currently rented by a high-end car mechanic.

Tenants benefit from the many local shopping, dining, and transportation options, ensuring consistent rental demand.

Five to Six Families (C2)

Map:
Documents:
Title
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Location
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