$ 6,950,000
Building For Sale
Property Type
Active
Status
Building Details
Multi-Family
Ownership
Commercial
Building Type
7,517 SF
Lot Size
2022
Year Built
4
Floors
Description
Calling All Investors, Developers & End-Users!!! 16,896 Sqft. 20 Unit Apartment Building With Private Gated Parking In The Bronx For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 13 Parking Spaces In a Private Gated Lot, Bicycle Storage, Basement, High 8’ Ceilings, Strong R5D Zoning, All New LED Lighting, Separate Meters, 3 Phase Power, Sprinklers, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Bronx River Parkway Off E. Gun Hill Road!!! Neighbors Include Toyota, Nissan, YMCA, The Home Depot, L.A. Fitness, Macy’s, Dunkin’, Walgreens, Wendy’s, Aldi, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!!
Income:
Apt. 1A: $28,359 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 1B: $28,359 Ann.; Lease Exp.: 9/14/26.
Legal Rent: $38,962.80 Ann.
Apt. 2A: $28,975.44 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 2B: $28,122.24 Ann.; Lease Exp.: 8/31/26.
Legal Rent: $36,373.44 Ann.
Apt. 2C: $31,651.08 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $46,545.72 Ann.
Apt. 2D: $29,680.44 Ann.; Lease Exp.: 9/30/25.
Legal Rent: $38,962.80 Ann.
Apt. 2E: $28,910.04 Ann.; Lease Exp.: 9/30/26.
Legal Rent: $28,910.04 Ann.
Apt. 2F: $33,291 Ann.; Lease Exp.: 8/31/26.
Legal Rent: $46.545.72 Ann.
Apt. 3A: $28,359 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 3B: $29,427.84 Ann.; Lease Exp.: 9/31/26.
Legal Rent: $36,373.44 Ann.
Apt. 3C: $30,804 Ann.; Lease Exp.: 11/30/25.
Legal Rent: $30,804 Ann.
Apt. 3D: $28,359 Ann.; Lease Exp.: 9/4/26.
Legal Rent: $38,962.80 Ann.
Apt. 3E: $28,428 Ann.; Lease Exp.: 7/31/25.
Legal Rent: $39,057.60 Ann.
Apt. 3F: $31,651.08 Ann. ; Lease Exp.: 9/30/26.
Legal Rent: $31,651.08 Ann.
Apt. 4A: $28,543.92 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 4B: $26,988 Ann.; Lease Exp.: 7/31/25
Legal Rent: $26,988 Ann.
Apt. 4C: $30,804 Ann.; Lease Exp.: 1/14/25.
Legal Rent: $30,804 Ann.
Apt. 4D: $40,416 Ann.; Lease Exp.: 9/30/26.
Legal Rent: $50,520 Ann.
Apt. 4E: $28,292.04 Ann.; Lease Exp.: 9/30/25.
Legal Rent: $28,292.04 Ann.
Apt. 4F: $32,754 Ann.; Lease Exp.: 8/31/25.
Legal Rent: $46,545.72 Ann.
Total Gross Rent: $602,175.12 Ann.
Total Legal Rent: $752,150.40 Ann.
Expenses:
Electric: $6,000 Ann. (Common Area Only)
Heat/Hot Water: $14,000 Ann.
Insurance: $14,500 Ann.
Water/Sewer: $12,000 Ann.
Taxes: $2,651.68 Ann. (Protected For The Next 34 Years)
Total Expenses: $49,151.68 Ann.
Current Gross Income: $602,175.12 Ann.
Pro Forma Gross Income: $752,150.40 Ann.
Current Net Operating Income (NOI): $553,023.44 Ann. (7.96% Cap!!!)
Pro Forma Net Operting Incoming (NOI): $702,998.72 Ann. (10.12% Cap)
Calling All Investors, Developers & End-Users!!! 16,896 Sqft. 20 Unit Apartment Building With Private Gated Parking In The Bronx For Sale!!! The Building Features Excellent Signage, Great Exposure, Low Property Taxes, 13 Parking Spaces In a Private Gated Lot, Bicycle Storage, Basement, High 8’ Ceilings, Strong R5D Zoning, All New LED Lighting, Separate Meters, 3 Phase Power, Sprinklers, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just Minutes From The Bronx River Parkway Off E. Gun Hill Road!!! Neighbors Include Toyota, Nissan, YMCA, The Home Depot, L.A. Fitness, Macy’s, Dunkin’, Walgreens, Wendy’s, Aldi, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!!
Income:
Apt. 1A: $28,359 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 1B: $28,359 Ann.; Lease Exp.: 9/14/26.
Legal Rent: $38,962.80 Ann.
Apt. 2A: $28,975.44 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 2B: $28,122.24 Ann.; Lease Exp.: 8/31/26.
Legal Rent: $36,373.44 Ann.
Apt. 2C: $31,651.08 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $46,545.72 Ann.
Apt. 2D: $29,680.44 Ann.; Lease Exp.: 9/30/25.
Legal Rent: $38,962.80 Ann.
Apt. 2E: $28,910.04 Ann.; Lease Exp.: 9/30/26.
Legal Rent: $28,910.04 Ann.
Apt. 2F: $33,291 Ann.; Lease Exp.: 8/31/26.
Legal Rent: $46.545.72 Ann.
Apt. 3A: $28,359 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 3B: $29,427.84 Ann.; Lease Exp.: 9/31/26.
Legal Rent: $36,373.44 Ann.
Apt. 3C: $30,804 Ann.; Lease Exp.: 11/30/25.
Legal Rent: $30,804 Ann.
Apt. 3D: $28,359 Ann.; Lease Exp.: 9/4/26.
Legal Rent: $38,962.80 Ann.
Apt. 3E: $28,428 Ann.; Lease Exp.: 7/31/25.
Legal Rent: $39,057.60 Ann.
Apt. 3F: $31,651.08 Ann. ; Lease Exp.: 9/30/26.
Legal Rent: $31,651.08 Ann.
Apt. 4A: $28,543.92 Ann.; Lease Exp.: 7/31/26.
Legal Rent: $38,962.80 Ann.
Apt. 4B: $26,988 Ann.; Lease Exp.: 7/31/25
Legal Rent: $26,988 Ann.
Apt. 4C: $30,804 Ann.; Lease Exp.: 1/14/25.
Legal Rent: $30,804 Ann.
Apt. 4D: $40,416 Ann.; Lease Exp.: 9/30/26.
Legal Rent: $50,520 Ann.
Apt. 4E: $28,292.04 Ann.; Lease Exp.: 9/30/25.
Legal Rent: $28,292.04 Ann.
Apt. 4F: $32,754 Ann.; Lease Exp.: 8/31/25.
Legal Rent: $46,545.72 Ann.
Total Gross Rent: $602,175.12 Ann.
Total Legal Rent: $752,150.40 Ann.
Expenses:
Electric: $6,000 Ann. (Common Area Only)
Heat/Hot Water: $14,000 Ann.
Insurance: $14,500 Ann.
Water/Sewer: $12,000 Ann.
Taxes: $2,651.68 Ann. (Protected For The Next 34 Years)
Total Expenses: $49,151.68 Ann.
Current Gross Income: $602,175.12 Ann.
Pro Forma Gross Income: $752,150.40 Ann.
Current Net Operating Income (NOI): $553,023.44 Ann. (7.96% Cap!!!)
Pro Forma Net Operting Incoming (NOI): $702,998.72 Ann. (10.12% Cap)
Listing Courtesy of All Island Estates Realty Corp
Contact
Coldwell Banker Reliable Real Estate
License
Licensed As: Not Applicable
Mortgage Calculator
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Disclaimer: The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use.
Source of Information: The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. Data last updated: 07/30/2025 5:02AM
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: KEYL3572640
