235 E 173rd St - Apartments FOR SALE


Bronx, NY 10457- Claremont
$3,800,000 USD
516-639-0021
235 E 173rd St, Bronx, NY for Sale
$3,800,000 USD
Apartments - FOR SALE
1/20
null | 1.48% Cap Rate

235 E 173rd St
Bronx, NY 10457
Claremont


HIGHLIGHTS

  • Newer construction, Brick, High Cap Rate, Tax abatement of 13yrs in Place. Annual Property on 4 houses only $1,200. Buy Package or buy separately
  • Close to everything: Public transportations, subways and City Buses. Close to major highways including New England Throughway, Close to Manhattan
  • Full white Brick

OVERVIEW

Huge Price Drop Again!! Investors' delight! Motivated Seller. All brick Town House with 3 modern apartment units. There are a total of four (4) Townhouses, each with asking Price of $950k, all with 3 modern residential Units. MLS numbers #6172983, #6173023, #6173027 & #6173031. Enjoy unlimited cash flow when you own these unique stainless properties. Enjoy an unusually low property tax on the entire 4 houses for only $1,200 per annum on all, as 25yrs tax abatement still exists, with 13 more years to go. Also, many of the apartments are currently rented below market value, offering room for increased yearly income. Each property features a 3-bedroom apartment, over 3 bedroom apartment, over 2 bedroom apartment on the walk-in level, with access to the backyard, with separate utilities. Tenants pay all utilities except water. NOI is $55,000 +. Call Listing Broker directly Danny at 917-292-2047. Each apartment rental increases every year between 2.5% - 5%. Don't miss out on this opportunity!

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

12

PRICE/UNIT

$316,667

CAP RATE

1.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bronx Modern Townhouses - Rare Find

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R8

APN/PARCEL ID

02792-0057

ASK ABOUT THIS PROPERTY

Richard DillerCharles Rutenberg Realty, Inc.More Info
516-639-0021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Richard DillerCharles Rutenberg Realty, Inc.More Info
516-639-0021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.