19
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$1,498,000
Est. payment /mo
Active
1022 E 219th ST Bronx, NY 10469
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UPDATED:
12/04/2024 10:14 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
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
Listed by All Island Estates Realty Corp