Commercial Sale in Bronx, Bronx, NY 10459 | Web ID: PH500700 | $2,388,000

Calling all investors, developers & end-users!!! 10. 03 cap 11 unit apartment building in the bronx for sale!!! The building features great exposure, excellent signage, strong m1-1 zoning, 6 parking spaces, high 8' ceilings, 5 stories, all new led lighting, 200 amp power, a/c, +++!!! The property is located in the heart of the bronx just 2 blocks from i-278 off sheridan blvd.!!! Neighbors include the bronx stop & shop, shoprite, optimum, macy's, autozone, burlington, planet fitness, marshall's, mcdonald's, cvs, walgreens, ihop, family dollar, popeye's, aldi, +++!!! This could be your next development site or a nice addition to your investment portfolio!!! Income: apt. A (3 br. 1 bath): $38, 400 ann. (available) apt. B (3 br. 1 bath): $26, 604 ann. Apt. 1a (3 br. 1 bath): $28, 800 ann. (available) apt. 1b (3 br. 1 bath): $28, 800 ann. Apt. 2a (3 br. 1 bath): $38, 400 ann. (available) apt. 2b (3 br. 1 bath): $38, 400 ann. Apt. 3a (3 br. 1 bath): $24, 648 ann. Apt. 3b (3 br. 1 bath): $24, 564 ann. Apt. 4a (3 br. 1 bath): $25, 932 ann. Apt. 4b (3 br. 1 bath): $30, 007 ann. Apt. 11 (3br. 1 bath): $38, 400 ann. (available) gross income: $342, 955 ann. Expenses: heat: $20, 000 ann. Electric (common areas only): $2, 400 ann. Maintenance & repairs: $10, 000 ann. Water & sewer: $20, 000 ann. Insurance: $10, 000 ann. Taxes: $40, 960 ann. Total expenses: $103, 360 ann. Net operating income (noi): $239, 595 ann (pro forma 10. 03 cap!!! )