536 Throggs Neck Expy - Multi-Family FOR SALE


Bronx, NY 10465- Throgs Neck-Edgewater Park
$1,159,000 USD
914-295-2744
536 Throggs Neck Expy, Bronx, NY for Sale
$1,159,000 USD
Multi-Family - FOR SALE
1/13
null | 6.47% Cap Rate

536 Throggs Neck Expy
Bronx, NY 10465
Throgs Neck-Edgewater Park


HIGHLIGHTS

  • Steps from park
  • Steps from local and express transportation to NYC
  • 3 levels plus basement

OVERVIEW

Legal 2-family house ?? $6,800/month in-place rent roll + 1BR vacancy Low expenses. Strong income. Immediate upside. Solid paying tenants producing $6,800/month 1-bedroom currently vacant (value-add opportunity) Annual property taxes only $8,211 — significantly lower than most 4-family comps Zoned NYC R4 (future appreciation + reclassification potential) Major Upside Opportunities: 1?? Convert existing garage into additional bedroom ? turn vacant 1BR into 2BR 2?? Reconfigure basement studio into 1BR or possibly 2BR 3?? Increase rent roll and elevate asset classification over time Perfect for investors looking to push rents while locking in long-term appreciation. ?? Prime Throgs Neck Location Steps to Bicentennial Veterans Memorial Park Short walk/bike to Pelham Bay Park & Orchard Beach Access to private beaches + active neighborhood associations Top-rated public, private & charter school options nearby. ?? Express Bus to Manhattan — short walk ? Ferry — 7 min drive ?? 1-fare subway access Easy bridge access to Queens This is a rare opportunity to own a 4-unit asset with: ? Strong in-place income ? Clear value-add path ? Low property taxes ? Waterfront community lifestyle (no flood insurance required)

FOR SALE DETAILS

PRICE

$1,159,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

4

PRICE/UNIT

$289,750

CAP RATE

6.47%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex + Basement 4-Units

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Frank ColonF Colon IncMore Info
914-295-2744

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Frank ColonF Colon IncMore Info
914-295-2744

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