919 Avenue Saint John - Apartments FOR SALE


Bronx, NY 10455- Woodstock
$1,388,000 USD
516-279-8828
919 Avenue Saint John, Bronx, NY for Sale
$1,388,000 USD
Apartments - FOR SALE
1/27
null | 9.08% Cap Rate

919 Avenue Saint John
Bronx, NY 10455
Woodstock


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 9.08 Cap 8 Unit Bronx Apartment Building For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 9’ Ceilings, (6) 3 Br. Apartments, (2) 4 Br. Apartments, Basement, +++!!!
  • The Property Is Located In The Heart Of Longwood Just Off Prospect Ave. Near I-278 (Bruckner Expy.)!!!
  • Neighbors Include Amazon, Verizon, T-Mobile, AT&T, Optimum, Frito Lay, Planet Fitness, Dunkin’, Marshall’s, Burlington, GNC, NY Expo Center, +++!!!
  • The Property Has An Assumable Mortgage At 3.75%!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 9.08 Cap 8 Unit Bronx Apartment Building For Sale!!! The Property Features Excellent Signage, Great Exposure, R7-1 Zoning, High 9’ Ceilings, (6) 3 Br. Apartments, (2) 4 Br. Apartments, 4 Stories, Basement,  Large Rear Yard,  Skylights, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Property Is Located In The Heart Of Longwood Just Off Prospect Ave. Near I-278 (Bruckner Expy.)!!! Neighbors Include Amazon, Verizon, T-Mobile, AT&T, Optimum, Frito Lay, Planet Fitness, Dunkin’, Marshall’s, Burlington, GNC, NY Expo Center, Dollar Tree, Five Below, Family Dollar, Boost Mobile, McDonald’s, White Castle, Popeye’s Louisiana Kitchen, Little Caesar’s Pizza, Aldi, KFC, +++!!! The Property Has An Assumable Mortgage At 3.75%!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3 Br. Apt.): $19,800 Ann.; Lease Exp.: 1/31/26. Unit 2 (3 Br. Apt.): $21,155.16 Ann. Lease Exp.: 7/31/27. Unit 3 (3 Br. Apt.): $22,734 Ann.; Lease Exp.: 4/30/27. Unit 4 (4 Br. Apt.): $21,483.60 Ann.; Lease Exp.: 7/31/27. Unit 5 (3 Br. Apt.): $23,997 Ann.; Lease Exp.: 6/30/27. Unit 6 (3 Br. Apt.): $20,944.44 Ann.; Lease Exp.: 8/31/26. Unit 7 (3 Br. Apt.): $20,760.84 Ann.; Lease Exp.: 7/31/27. Unit 8 (4 Br. Apt.): $22,876.08 Ann.; Lease Exp.: 9/14/27. Gross Income: $173,751.12 Ann. Expenses: Oil: $7,400 Ann. Electric: $1,300 Ann. (Common Areas Only) Maintenance & Repairs: $4,000 Ann. Insurance: $9,000 Ann. Water & Sewer: $10,280.84 Ann. Taxes: $15,727 Ann. Total Expenses: $47,707.84 Ann. Net Operating Income (NOI): $126,043.28 Ann. (9.08% Cap!!!)

FOR SALE DETAILS

PRICE

$1,388,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

8

PRICE/UNIT

$173,500

CAP RATE

9.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

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

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R7-1

APN/PARCEL ID

02686-0011

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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