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3650 Bronx Blvd

49 Unit Apartment Building $6,000,000 ($122,449/Unit) 6.36% Cap Rate Bronx, NY 10467

Investment Highlights

  • It is possible to duplex down to cellar, 2 first floor (Studio & 1 Bedroom) apartments for additional income
  • Super's Apartment has never been registered and can be an additional source of income.

Executive Summary

Price Reduced by 22% ($2,000,000) from $8,000,000 to $6,000,000.
Subject Property is a Six-story Mid-Rise Masonry Elevator Apartment Building with 49 Apartments consisting of One (1) Studio, Forty One (41) 1 Bedroom & Seven(7) 2 Bedroom Residential Apartments. 149 Rooms Total. It is possible to duplex down to cellar, 2 first floor (Studio & 1 Bedroom) apartments. Building Gross total floor area of 41,514 Square foot. Property was Built in 1932 and is Located in the Olinville Section of the Bronx.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $630,658 $14.84
Other Income $6,000 $0.14
Vacancy Loss - -
Effective Gross Income $636,658 $14.99
Taxes $103,709 $2.44
Operating Expenses $151,458 $3.56
Total Expenses $255,167 $6.01
Net Operating Income $381,491 $8.98

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $630,658
Annual Per SF $14.84
Other Income
Annual $6,000
Annual Per SF $0.14
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $636,658
Annual Per SF $14.99
Taxes
Annual $103,709
Annual Per SF $2.44
Operating Expenses
Annual $151,458
Annual Per SF $3.56
Total Expenses
Annual $255,167
Annual Per SF $6.01
Net Operating Income
Annual $381,491
Annual Per SF $8.98

Property Facts

Price $6,000,000
Price Per Unit $122,449
Sale Type Investment
Cap Rate 6.36%
No. Units 49
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.23 AC
Building Size 42,486 SF
Average Occupancy 100%
No. Stories 6
Year Built 1932

Unit Amenities

  • Kitchen
  • Range

Site Amenities

  • Laundry Facilities
  • Gas Range
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - -
1+1 41 - -
2+2 7 - -
Walk Score ®
Very Walkable (85)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04645-0028
Land Assessment
$100,800 (2024)
Improvements Assessment
$870,780 (2024)
Total Assessment
$971,580 (2024)
Annual Taxes
$103,709 ($2.44/SF)
Tax Year
2023

zoning

Zoning Code R6 (Residential)
R6 (Residential)
  • Listing ID: 31268568

  • Date on Market: 3/19/2024

  • Last Updated:

  • Address: 3650 Bronx Blvd, Bronx, NY 10467

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