$1,498,000
1022 E 219th ST Bronx, NY 10469
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$1,498,000
Est. payment /mo
2,940 SqFt
UPDATED:
11/22/2024 07:47 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,940 sqft
Price per Sqft $509
MLS Listing ID KEYL3587630
Originating Board onekey2
Rental Info No
Year Built 1925
Annual Tax Amount $6,837
Lot Dimensions 24.17x108.33
Property Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market Apartment House With 2 Garages In The Bronx For Sale!!! The Property Features Great Exposure, Strong R4 Zoning, 6 Parking Spaces, (1) 3 Br. Apt., (1) 2 Br. Apt., (2) 1 Br. Apts., (1) Studio Apt., High 8' Ceilings, 2 Stories, 2 Garages, Security Camera System, Upgraded Electrical Service + Meters + Panels, New Windows, New Roof, New Gas Steam Boiler, 2 New Gas Hot Water Heaters, LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Williamsbridge Minutes From Van Cortlandt Park!!! The Property Is Situated In Between The Bronx River Parkway & Boston Road!!! Neighbors Include Toyota, Amazon, The Home Depot, Costco, LA Fitness, Macy's, Walgreens, Dave & Buster's, Burlington, Aldi, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: BF (1 Br.): $29,784 Ann.; Lease Exp.: 2/28/25. BR (1 Br.): $22,740 Ann.; Lease Exp.: 9/30/25. Unit 1 (3 Br.): $39,996 Ann.; M-M. 2F (Studio): $21,900 Ann.; Lease Exp.: 8/30/25. 2R (2 Br.): $24,600 Ann.; Lease Exp.: 12/1/24. 2 Garages: $4,800 Ann. M-M. Gross Income: $143,820 Ann. Expenses: Gas: $4,819 Ann. Maintenance & Repairs: $500 Ann. Water & Sewer: $3,585 Ann. Insurance: $6,148 Ann. Super: $4,308 Ann. Taxes: $6,837.36 Ann. Total Expenses: $26,197 Ann. Net Operating Income (NOI): $117,623 (7.85% Cap!!!)
Location
State NY
County Bronx County
Interior
Fireplace No
Exterior
Private Pool No
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp
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Devon Marie Ferdinand
Broker | License ID: 10311209766
Broker License ID: 10311209766