#We Get The Job Done

NRMD Belmont Ave Bronx, NY 10458; 22 Apartments, 6Ret, 5Sty Building For Sale BUY NOW!! Belmont (Bronx, New York, US - 10458) Built

$6,195,000 USD

Hostings Houses Homes & Lands Dev LLC

Noah Olay Noah Olay 347 614 2108 (Office) 347 340 5097 (Cell) 718 547 3674 (Fax) Request More Info

  • Type: Commercial
  • Style: Apartment
  • Bedrooms: 22
  • Bathrooms: 22
  • Size: 20,250 sq. ft.
  • Development Level: Built

Description

22 apts/6 stores/5 story
built 50 x 81
lot 4,500 sf

Lot Dimensions
50.0 x 90.0
Lot Area
4,500 sq.ft
Zoning:
R6
FAR as Built:
4.5
Max FAR:
4.8

Rent to students with a Little Italy mixed use building This 'undiscovered' submarket features tremendous value-add opportunity fueled by the ever expanding Fordham University, the historic 'Little Italy' shopping and dining district and Saint Barnabus Hospital. The current ownership has been undergoing a process of updating apartments and converting an increasing percentage of the tenancy to college students. The subject property sits in an Opportunity Zone



Property Type
Mixed Use
Neighborhood
Belmont
Property Dimensions
50.0 x 81.0
Property Area
20,250 sq.ft.
Total Units:
24
Stories:
5
NOI
$326,926

BUILDING DETAILS BUILDING SQUARE FEET
28 Total Units 20,250 Gross SF
22 Residential Apts, 6 Retail Spaces 2,500 Est. Retail SF
Dimensions: 50 ft x 81 ft 696 SF Avg. Res. Apt.
1 Buildings, 5 Stories, Built 1912 est. 12% common area loss
Walk-up Apartment, Over Six Families with Stores, (C7)

INCOME Current
Gross Scheduled Income (GSI) 529,523
less 3% Vacancy Allowance (15,886)
Gross Operating Income (GOI) 513,637
less expenses (186,711)
Net Operating Income 326,926

5.3% cap rate

PRESENT OFFER TODAY; WON'T LAST LONG!!
FOR MORE INFO; TEXT THE LISTING AGENT FOR DETAILS; QUALIFIED OR CASH BUYER WELCOME! 3% BROKER FEE APPLY

Attachments

P2#319383822
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Information is deemed to be correct but not guaranteed.