FREE MARKET 10 FAMILY MOTT HAVEN | 670 Saint Anns Ave
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FREE MARKET 10 FAMILY MOTT HAVEN 670 Saint Anns Ave
10 Unit Apartment Building $3,500,000 ($350,000/Unit) 8.57% Cap Rate Bronx, NY 10455
Investment Highlights
- FULLY FREE MARKET
- FULLY BRICK AND DETACHED
- FULLY ABOVE GRADE BASEMENT
- 10 UNITS W/37 BEDROOMS
Executive Summary
Twelve Stones Realty is pleased to present 670 Saint Ann's Avenue, a exceptional 10-unit multifamily investment opportunity located in the Mott Haven section of the Bronx.
Key Highlights:
- 10-unit, fully free market property
- Large apartments
- In-place cap rate: 8.63%
- Projected cap rate: 10%
- Well-maintained brick fully construction
- Fully above-ground basement
- Prime location: two blocks from the 2 and 5 trains at Jackson Avenue, with an 8-minute commute to Manhattan
- Proximity to many schools, shopping, and St. Mary's Park and Yankee Stadium
Key Highlights:
- 10-unit, fully free market property
- Large apartments
- In-place cap rate: 8.63%
- Projected cap rate: 10%
- Well-maintained brick fully construction
- Fully above-ground basement
- Prime location: two blocks from the 2 and 5 trains at Jackson Avenue, with an 8-minute commute to Manhattan
- Proximity to many schools, shopping, and St. Mary's Park and Yankee Stadium
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$425,724
|
$48.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$425,724
|
$48.52
|
| Taxes |
$50,633
|
$5.77
|
| Operating Expenses |
$73,129
|
$8.33
|
| Total Expenses |
$123,762
|
$14.10
|
| Net Operating Income |
$301,962
|
$34.41
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $425,724 |
| Annual Per SF | $48.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $425,724 |
| Annual Per SF | $48.52 |
| Taxes | |
|---|---|
| Annual | $50,633 |
| Annual Per SF | $5.77 |
| Operating Expenses | |
|---|---|
| Annual | $73,129 |
| Annual Per SF | $8.33 |
| Total Expenses | |
|---|---|
| Annual | $123,762 |
| Annual Per SF | $14.10 |
| Net Operating Income | |
|---|---|
| Annual | $301,962 |
| Annual Per SF | $34.41 |
Property Facts
| Price | $3,500,000 | Apartment Style | Mid Rise |
| Price Per Unit | $350,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 8.57% | Building Size | 9,960 SF |
| Gross Rent Multiplier | 8 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2016 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,500,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| Gross Rent Multiplier | 8 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 9,960 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1920/2016 |
| Opportunity Zone |
Yes |
Unit Amenities
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 4 | $3,675 | 945 |
| 4+1 | 4 | $3,606 | 945 |
| 3+1 | 1 | $3,606 | 945 |
| 2+1 | 1 | $2,885 | 650 |
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Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 02617-0018 | Total Assessment | $405,000 |
| Land Assessment | $78,750 | Annual Taxes | $50,633 ($5.08/SF) |
| Improvements Assessment | $326,250 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02617-0018
Land Assessment
$78,750
Improvements Assessment
$326,250
Total Assessment
$405,000
Annual Taxes
$50,633 ($5.08/SF)
Tax Year
2024
zoning
| Zoning Code | R6 |
| R6 |
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FREE MARKET 10 FAMILY MOTT HAVEN | 670 Saint Anns Ave
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