NRMD Belmont Ave Bronx, NY 10458; 22 Apartments, 6Ret, 5Sty Building For Sale BUY NOW!!
- Type: Commercial
- Style: Apartment
- Bedrooms: 22
- Bathrooms: 22
- Size: 20,250 sq. ft.
- Development Level: Built
22 apts/6 stores/5 story
built 50 x 81
lot 4,500 sf
50.0 x 90.0
FAR as Built:
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
50.0 x 81.0
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)
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
Information is deemed to be correct but not guaranteed.