716 E 234th St
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716 E 234th St
9 Unit Apartment Building $2,900,000 ($322,222/Unit) 8.02% Cap Rate Bronx, NY 10466
Executive Summary
9 Unit Multi-Family ,Young Construction (2013), fully occupied property. 100% collections
+8% CAP FROM DAY ONE! PROJECTED 12 CAP on 421a Expiration (2033)
Don't think I need to say anything else to sell this property.
You tell me
+8% CAP FROM DAY ONE! PROJECTED 12 CAP on 421a Expiration (2033)
Don't think I need to say anything else to sell this property.
You tell me
Financial Summary (Actual - 2023) 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 (Actual - 2023) 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
| Price | $2,900,000 | Apartment Style | Low Rise |
| Price Per Unit | $322,222 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.02% | Building Size | 7,368 SF |
| Gross Rent Multiplier | 10.8 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2013 |
| Property Subtype | Apartment |
| Price | $2,900,000 |
| Price Per Unit | $322,222 |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| Gross Rent Multiplier | 10.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,368 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2013 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (90)
PROPERTY TAXES
| Parcel Number | 04997-0069 | Total Assessment | $131,152 (2024) |
| Land Assessment | $28,281 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $102,871 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
04997-0069
Land Assessment
$28,281 (2024)
Improvements Assessment
$102,871 (2024)
Total Assessment
$131,152 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R5 (Medium density district with a height limit of 40 feet) |
| R5 (Medium density district with a height limit of 40 feet) |
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716 E 234th St
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