506 Brook Ave - Apartments FOR SALE


Bronx, NY 10455- Mott Haven
$1,400,000 USD
212-982-5008
506 Brook Ave, Bronx, NY for Sale
$1,400,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

506 Brook Ave
Bronx, NY 10455
Mott Haven


HIGHLIGHTS

  • Exempt from coverage under the Emergency Tenant Protection Act (ETPA) or the Rent Stabilization Law (RSL)

OVERVIEW

SFG - SOW Figueroa Group is pleased to offer the NYC mixed-use investor its latest exclusive opportunity, 506 Brook Avenue, Bronx, NY. This mixed-use lot contains 10 units, approx. 8,150 SF of residential rentable space, 8 three-bedroom apartments (980 SF each), 1 two-bedroom apartment and 800 SF of retail space. The property is 100% vacant, final phase of obtaining certificate of no harassment. Substantial renovation is required. *DHCR Fact Sheet #38 Substantial Rehabilitation. A building that has been substantially rehabilitated within the meaning of Tenant Protection Regulations Section 2500.9(e) or Rent Stabilization Code Section 2520.11(e), and is therefore exempt from coverage under the Emergency Tenant Protection Act (ETPA) or the Rent Stabilization Law (RSL), respectively, for rent stabilized properties where the owner demonstrates, based upon the totality of the circumstances, that the following criteria have been met: All buyers should perform their own due diligence. LOCATION: 506 Brook Avenue, Bronx NY 10455 BLOCK/LOT: 2274/06 LOT SIZE SF: 2,450SF LOT DIMENSIONS: 25’ x 98’ BUILDING DIMENSIONS: 25’x 78’ RESIDENTIAL SF: 8,150 RESIDENTIAL UNITS: 9 COMMERCIAL SF: 800 COMMERCIAL UNITS: 1 STORIES: 5 YEAR BUILT: 1931 ZONING: R6 l C1-4 QUALIFIED OPPORTUNITY ZONE: Yes TAXES: $8,392.00 PRICE ADJUSTMENT: $1.4MM FIRM

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

10

PRICE/UNIT

$140,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bronx Mixed-Use Investor Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,439 SF

ZONING

R-6, C1-4

APN/PARCEL ID

02274-0006

ASK ABOUT THIS PROPERTY

Drew FigueroaSOW Figueroa GroupMore Info
212-982-5008

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Drew FigueroaSOW Figueroa GroupMore Info
212-982-5008

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