617 Courtlandt Ave - Apartments FOR SALE


Bronx, NY 10451- Melrose
$2,800,000 USD
516-268-4262
617 Courtlandt Ave, Bronx, NY for Sale
$2,800,000 USD
Apartments - FOR SALE
1/9
null | 10.09% Cap Rate

617 Courtlandt Ave
Bronx, NY 10451
Melrose


HIGHLIGHTS

  • FREE MARKET
  • MIXED-USE
  • LOW TAXES: TAX CLASS 2B
  • FULLY BRICK

OVERVIEW

KEY FEATURES: - 10% Cap Rate: Exceptional return on investment - Low Tax Bill: Minimize your expenses and maximize your profits - Fully Brick Building: Durable and low maintenance construction - Free Market: Unrestricted rental income potential - Gross Income: $358,000 per annum - Prime Location: Cortland Avenue, Bronx, NY BROKER'S COMMENT: "This is a rare opportunity to acquire a high-performing multifamily asset in the Bronx. With its strong cap rate, low tax bill, and impressive gross income, this property is poised to deliver exceptional returns for savvy investors. Don't miss your chance to capitalize on this outstanding investment opportunity." Contact us to schedule a viewing and make an offer! DISCLAIMER: The information contained herein is deemed reliable but not guaranteed. Buyers should conduct their own due diligence and consult with appropriate professionals prior to making an offer.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

8

PRICE/UNIT

$350,000

CAP RATE

10.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FREE MARKET: TAX CLASS 2B: HIGH CAP RATE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R7-1

APN/PARCEL ID

02411-0048

ASK ABOUT THIS PROPERTY

Avraham BirnbaumTwelve Stones Realty LLCMore Info
516-268-4262

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Avraham BirnbaumTwelve Stones Realty LLCMore Info
516-268-4262

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