2305-2307 Crotona Ave
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2305-2307 Crotona Ave
10 Unit Apartment Building $3,000,000 ($300,000/Unit) 9.81% Cap Rate Bronx, NY 10458
Investment Highlights
- Young Construction
- All programs
- very high cap rate
- high rents
- R7-1 zoning
Executive Summary
Introducing a rare and exceptional investment opportunity in the Bronx: 2305 and 2307 Cortana Avenue, two stunning properties that offer a combined total of 10 apartments. Built in 2011, these modern buildings are situated on a prime R7 zoned block, providing unparalleled potential for long-term appreciation.
100% collection rate, these properties boast extremely high rents, ensuring a stable and secure cash flow. The going-in cap rate over 9% , making this an attractive opportunity for savvy investors seeking a strong return on investment.
Key Highlights:
- 10 residential units across two properties
- Built in 2011, offering modern amenities and efficient operations
- Prime R7 zoned block, ripe for long-term appreciation
- 100% collection rate, ensuring stable cash flow
- Extremely high rents, driving a high going-in cap rate
- fully individualized utilities
Don't miss this chance to acquire two exceptional properties in a thriving neighborhood. Contact us today to schedule a viewing and take advantage of this outstanding investment opportunity."
100% collection rate, these properties boast extremely high rents, ensuring a stable and secure cash flow. The going-in cap rate over 9% , making this an attractive opportunity for savvy investors seeking a strong return on investment.
Key Highlights:
- 10 residential units across two properties
- Built in 2011, offering modern amenities and efficient operations
- Prime R7 zoned block, ripe for long-term appreciation
- 100% collection rate, ensuring stable cash flow
- Extremely high rents, driving a high going-in cap rate
- fully individualized utilities
Don't miss this chance to acquire two exceptional properties in a thriving neighborhood. Contact us today to schedule a viewing and take advantage of this outstanding investment opportunity."
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$327,411
|
$72.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$327,411
|
$72.76
|
| Taxes |
$1,000
|
$0.22
|
| Operating Expenses |
$32,200
|
$7.16
|
| Total Expenses |
$33,200
|
$7.38
|
| Net Operating Income |
$294,211
|
$65.38
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $327,411 |
| Annual Per SF | $72.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $327,411 |
| Annual Per SF | $72.76 |
| Taxes | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.22 |
| Operating Expenses | |
|---|---|
| Annual | $32,200 |
| Annual Per SF | $7.16 |
| Total Expenses | |
|---|---|
| Annual | $33,200 |
| Annual Per SF | $7.38 |
| Net Operating Income | |
|---|---|
| Annual | $294,211 |
| Annual Per SF | $65.38 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,775 | - |
| 3+1 | 6 | $2,753 | - |
| 4+2 | 1 | $3,405 | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (88)
PROPERTY TAXES
| Parcel Number | 03103-0056 | Total Assessment | $316,588 |
| Land Assessment | $31,099 | Annual Taxes | $1,000 ($0.11/SF) |
| Improvements Assessment | $285,489 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03103-0056
Land Assessment
$31,099
Improvements Assessment
$285,489
Total Assessment
$316,588
Annual Taxes
$1,000 ($0.11/SF)
Tax Year
2024
zoning
| Zoning Code | R7-1 (R7-1) |
| R7-1 (R7-1) |
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2305-2307 Crotona Ave
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