1153 Boston Rd
16 Unit Apartment Building $2,100,000 ($131,250/Unit) 6.32% Cap Rate Bronx, NY 10456
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INVESTMENT HIGHLIGHTS
- Recently renovated building
- Asking 7.9x gross rent multiple
- 16 Multifamily Units
EXECUTIVE SUMMARY
16 unit building that was recently renovated following a fire. Building has been put up to code and will be delivered with very strong collections.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
$99,999
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$9.99
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Vacancy Loss |
$99,999
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$9.99
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
$99,999
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$9.99
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Operating Expenses |
$99,999
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$9.99
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
Price | $2,100,000 |
Price Per Unit | $131,250 |
Sale Type | Investment |
Cap Rate | 6.32% |
Gross Rent Multiplier | 7.9 |
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 0.08 AC |
Building Size | 12,835 SF |
Average Occupancy | 100% |
No. Stories | 5 |
Year Built | 1900 |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
Studios | 2 | - | - |
2+1 | 14 | - | - |
1 of 1
Walk Score®
Very Walkable (86)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
Parcel Number | 02614-0054 | Total Assessment | $409,860 |
Land Assessment | $30,600 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $379,260 | Tax Year | 2024 |
ZONING
Zoning Code | R6, C1-4 |