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$ 1,075,000
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919 Avenue Saint John Bronx, NY 10455
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Longwood
MLS Listing ID 979694
Rental Info No
Year Built 1910
Annual Tax Amount $15,727
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 11.2 Cap 8 Unit Bronx Apartment Building For Sale!!! The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 9' Ceilings, (6) 3 Br. Apartments, (2) 4 Br. Apartments, 4 Stories, Basement, Large Rear Yard, Skylights, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Longwood Just Off Prospect Ave. Near I-278 (Bruckner Expy.)!!! Neighbors Include Amazon, Verizon, T-Mobile, AT&T, Optimum, Frito Lay, Planet Fitness, Dunkin', Marshall's, Burlington, GNC, NY Expo Center, Dollar Tree, Five Below, Family Dollar, Boost Mobile, McDonald's, White Castle, Popeye's Louisiana Kitchen, Little Caesar's Pizza, Aldi, KFC, +++!!! The Property Has An Assumable Mortgage At 3.75%!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit 1 (3 Br. Apt.): $19,800 Ann.; Lease Exp.: 1/31/26.
Unit 2 (3 Br. Apt.): $21,155.16 Ann. Lease Exp.: 7/31/27.
Unit 3 (3 Br. Apt.): $22,734 Ann.; Lease Exp.: 4/30/27.
Unit 4 (4 Br. Apt.): $21,483.60 Ann.; Lease Exp.: 7/31/27.
Unit 5 (3 Br. Apt.): $23,997 Ann.; Lease Exp.: 6/30/27.
Unit 6 (3 Br. Apt.): $20,944.44 Ann.; Lease Exp.: 8/31/26.
Unit 7 (3 Br. Apt.): $20,760.84 Ann.; Lease Exp.: 7/31/27.
Unit 8 (4 Br. Apt.): $22,876.08 Ann.; Lease Exp.: 9/14/27.
Gross Income: $173,751.12 Ann.
Expenses:
Oil: $7,400 Ann.
Electric: $1,300 Ann. (Common Areas Only)
Maintenance & Repairs: $4,000 Ann.
Insurance: $9,000 Ann.
Water & Sewer: $10,280.84 Ann.
Taxes: $15,727 Ann.
Total Expenses: $47,707.84 Ann.
Net Operating Income (NOI): $126,043.28 Ann. (11.72% Cap!!!)
Income:
Unit 1 (3 Br. Apt.): $19,800 Ann.; Lease Exp.: 1/31/26.
Unit 2 (3 Br. Apt.): $21,155.16 Ann. Lease Exp.: 7/31/27.
Unit 3 (3 Br. Apt.): $22,734 Ann.; Lease Exp.: 4/30/27.
Unit 4 (4 Br. Apt.): $21,483.60 Ann.; Lease Exp.: 7/31/27.
Unit 5 (3 Br. Apt.): $23,997 Ann.; Lease Exp.: 6/30/27.
Unit 6 (3 Br. Apt.): $20,944.44 Ann.; Lease Exp.: 8/31/26.
Unit 7 (3 Br. Apt.): $20,760.84 Ann.; Lease Exp.: 7/31/27.
Unit 8 (4 Br. Apt.): $22,876.08 Ann.; Lease Exp.: 9/14/27.
Gross Income: $173,751.12 Ann.
Expenses:
Oil: $7,400 Ann.
Electric: $1,300 Ann. (Common Areas Only)
Maintenance & Repairs: $4,000 Ann.
Insurance: $9,000 Ann.
Water & Sewer: $10,280.84 Ann.
Taxes: $15,727 Ann.
Total Expenses: $47,707.84 Ann.
Net Operating Income (NOI): $126,043.28 Ann. (11.72% Cap!!!)
Location
State NY
County Bronx County
Rooms
Basement Unfinished
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Available, See Remarks
Total Parking Spaces 6
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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