For Sale | 42 Apartments & 5 Stores in Van Nest, Bx

1823 & 1831 White Plains Rd, Bronx, NY

$8,995,000

Price

4.3%

Cap Rate

$386,445

NOI

Overview
Cap Rate
4.3%
NOI
$386,445
Building Size
37,858 sqft
Lot Area
10,875 sqft
Units
47
Year Built
1928
Price Per Sqft
$238
Price Per Unit
$191,000
Zoning
R5
Floors
5
Description

...two buildings with 150' of frontage and forty two (42) apartments plus retail and a basement super's unit located in the Van Nest section of the Bronx just north of Morris Park Avenue on the west side of White Plains Road. Features include: attractive decorative brick facade original lobby detail; steel and glass entrance doors with new granite stairs; steel and marble interior staircases; rubber roofs and hardwood floors in apartments. Both buildings are serviced by a boiler and burner with dual fuel capability which is currently running on gas. There is also a 3,000 gallon above ground encased oil tank. The street retail located at the intersection of two main retail corridors. Transportation in includes the #2 and #5 trains at East 180th Street and at Bronx park East as well as MTA Express Bus Service to Manhattan running along Morris Park Avenue.

Highlights
  • 150 Feet of Frontage on White Plains Road
  • 1/4 Block Off the Corner of Morris Park Avenue
  • 42 Residential Apartments 5 Storefronts (w/3 Tenants)
  • Low Average Rents on a Major Retail Corridor
  • Super's Unit in Bsmt
Documents
Title
Offering Memorandum
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Location
Gallery