2476 Arthur Avenue 2476 Arthur Ave
11 Unit Apartment Building $2,200,000 ($200,000/Unit) 7.18% Cap Rate Bronx, NY 10458
EXECUTIVE SUMMARY
The 4-story residential building for sale is located in the Belmont neighborhood of the Bronx, close to all. The building is 7,000 square feet, comprised of 10 residential apartments and 1 commercial unit. Corner lot, semi-attached, brick, nestled on a 25' x 80' lot. Located at 2476 Arthur Ave between East 188th Street and East 189th Street. Great income-producing investment opportunity awaits you in a historic, coveted part of town. Welcome All.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$215,013
|
$21.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,013
|
$21.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,105
|
$5.71
|
| Net Operating Income |
$157,908
|
$15.79
|
PROPERTY FACTS
| Price | $2,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 10,000 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Tenant Controlled HVAC
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 9 | - | - |
1 of 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (96)
PROPERTY TAXES
| Parcel Number | 03077-0043 | Improvements Assessment | $175,642 (2024) |
| Land Assessment | $3,259 (2024) | Total Assessment | $178,901 (2024) |
ZONING
| Zoning Code | R6 (Residential) |
CONTACT
-
Benny Kuka - Apex Realty
