2430 Lyvere St
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2430 Lyvere St
13 Unit Apartment Building $2,749,999 ($211,538/Unit) 5.84% Cap Rate Bronx, NY 10461
Investment Highlights
- The property features an ideal unit mix with additional income from 8 gated parking spaces.
- The property is subject to a tax abatement through June 2027.
- Value-add opportunity exists thanks to a room on the ground floor which can be utilized for a variety of different purposes.
Executive Summary
Welcome to 2430 Lyvere Street! This 3-story brick building consists of 4-studios, 6-one bedrooms and 3-two bedrooms. This property is located in the vicinity of Montefiore-Albert Einstein medical center and Westchester Square and is also in close proximity to train and bus transportation. The tenants pay utilities including heating, which is supplied thru hotel style units. The current rent roll is $229,000 including 8 gated parking spaces renting for $150 each. The $68,531 expenses include taxes, water, electricity and insurance. This is a block and brick structure built in 2012. It offers state of the art intercom, security and fire prevention as well as two steel stairwells. There is an room on the ground floor that can possibly house a laundry facility, storage area or an on-site superintendent's office. There is currently a property tax abatement through June, 2027. This is your opportunity to create wealth and invest in your future. This property will not last, call us today!
Property Facts
| Price | $2,749,999 | Building Class | B |
| Price Per Unit | $211,538 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 10,534 SF |
| Cap Rate | 5.84% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2012 |
| Property Subtype | Apartment | Parking Ratio | 0.76/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,749,999 |
| Price Per Unit | $211,538 |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 10,534 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2012 |
| Parking Ratio | 0.76/1,000 SF |
Unit Amenities
- Tile Floors
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Security System
- Disposal Chutes
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Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (86)
PROPERTY TAXES
| Parcel Number | 03997-0023 | Improvements Assessment | $345,870 |
| Land Assessment | $128,250 | Total Assessment | $474,120 |
PROPERTY TAXES
Parcel Number
03997-0023
Land Assessment
$128,250
Improvements Assessment
$345,870
Total Assessment
$474,120
zoning
| Zoning Code | R6 (Residential) |
| R6 (Residential) |
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P. Anthony Marciano -
Century 21 Marciano
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2430 Lyvere St
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