611 E 179th St Bronx, NY 10457

Calling All Investors, Developers & End-Users!!! 10.58 Cap 100% Occupied 9 Unit Building On A Huge Lot For Sale!!! The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High Ceilings, 4 Stories, Separate Free Standing 2 Br. House, Security Cameras & System, New Roof, New Electr...ic Service & Meters, New 2,000 Gallon Oil Tank, Skylight, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart The Bronx Minutes From I-95!!! Neighbors Include The Bronx Zoo, Chase Bank, Acura, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald's, Blink Fitness, White Castle, Family Dollar, KFC, +++!!! This Would Be A Nice Addition To Your Investment Portfolio!!! Income: Apt. 1 (3 Br.): $26,220 Ann. Apt. 2 (3 Br.): $26,220 Ann. Apt. 3 ( 3 Br.): $20,700 Ann. Apt. 4 (4 Br.): $26,220 Ann. Apt. 5 (3 Br.): $24,228 Ann. Apt. 6 (4 Br.): $15,180 Ann. Apt. 7 (3 Br.): $24,252 Ann. Apt. 8 (4 Br.): $30,756 Ann. Apt. 9 (Rear Free Standing 2 Br. House): $25,992 Ann. Finished Basement (2,000 Sqft.): $42,000 Ann. (Available) Gross Income: $261,768 Ann. Expenses: Oil: $7,800 Ann. Electric (Common Areas Only): $1,200 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $9,280 Ann. Insurance: $5,800 Ann. Taxes: $9,974.92 Ann. Total Expenses: $34,304.92 Ann. Net Operating Income (NOI): $227,463.08 Ann. (Proforma 10.58 Cap!!!) Continue reading