650 City Island Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
650 City Island Ave
10 Unit Apartment Building $1,450,000 ($145,000/Unit) 6.20% Cap Rate Bronx, NY 10464
Investment Highlights
- heavy traffic
Executive Summary
Get ready for modern living on City Island! This is Wonderful Remodeled 4-unit home w/ Commercial Waterfront unit that sits at the perfect location on City Island! The main building features 4 beautifully crafted apartments. Two- 2 bedroom 1 Bath units on top floor with front balconies. This exceptional waterfront property features beautiful breath-taking ocean and sunset views!! Simply amazing!! Awesome views of the ocean. The first-floor units feature Two- 1 Bedroom 1Bath units that share an 8 ft front deck. Each floor has washer/dryer units in the common areas. You have a 2-car garage and enough parking for 5 cars on the property grounds. Great size backyard. This Lot is 84 x 104 and totals 8,775 sqft. The front of the property has a retail/office space. All units have been constructed with energy efficient electric. All units have separate meters. all units are vacant and can be rented for the amounts listed in property flyer.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Balcony
- Storage Space
- Washer/Dryer
- Security System
- Hardwood Floors
Site Amenities
- Fenced Lot
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,050 | - |
| 2+1 | 7 | $2,550 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 05636-0026 | Total Assessment | $154,439 |
| Land Assessment | $52,650 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $101,789 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05636-0026
Land Assessment
$52,650
Improvements Assessment
$101,789
Total Assessment
$154,439
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | C3 (R5, C2) |
| C3 (R5, C2) |
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
650 City Island Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.