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1110 Lydig Ave
Bronx, NY 10461
Multifamily Property For Sale
·
15 Units
EXECUTIVE SUMMARY
**Prime Investment Opportunity in the Heart of Bronx**
Discover an exceptional investment opportunity at 1110 Lydig Ave, Bronx, NY 10461. This meticulously maintained building offers a rare chance to own a lucrative multi-unit property in a highly sought-after Bronx neighborhood.
**Property Highlights:**
- **Ideal Configuration:** Featuring 14 spacious one-bedroom units and 1 generous two-bedroom unit, this building caters to diverse rental demographics, ensuring steady income potential for investors.
- **Parking Convenience:** Enhance tenant satisfaction with the convenience of a large parking garage capable of accommodating 17 cars. This sought-after amenity adds significant value to the property and sets it apart from others in the area.
- **Quality Construction:** Constructed with durable hard brick, this building exudes timeless appeal and requires minimal maintenance. Each unit boasts hardwood floors, adding a touch of elegance and warmth to the living spaces.
- **Spacious Units:** Enjoy generous living spaces ranging from 650 to 700 square feet in each one-bedroom unit, providing residents with ample room to relax and entertain.
- **Desirable Location:** Nestled in a thriving neighborhood of the Bronx, residents benefit from easy access to local amenities, including shops, restaurants, parks, and public transportation options. Experience the vibrancy and charm of Bronx living at its finest.
**Investment Potential:**
- **Stable Income Stream:** With a mix of well-appointed units and convenient parking facilities, this property offers investors a reliable source of rental income with potential for future appreciation.
- **Opportunity for Expansion:** Explore opportunities to enhance the property's value through strategic upgrades or the addition of amenities, maximizing its appeal to tenants and investors alike.
**Don't miss out on this rare chance to acquire a prime income-generating property in one of the Bronx's most desirable neighborhoods. Schedule a viewing today to secure your investment future!**
Discover an exceptional investment opportunity at 1110 Lydig Ave, Bronx, NY 10461. This meticulously maintained building offers a rare chance to own a lucrative multi-unit property in a highly sought-after Bronx neighborhood.
**Property Highlights:**
- **Ideal Configuration:** Featuring 14 spacious one-bedroom units and 1 generous two-bedroom unit, this building caters to diverse rental demographics, ensuring steady income potential for investors.
- **Parking Convenience:** Enhance tenant satisfaction with the convenience of a large parking garage capable of accommodating 17 cars. This sought-after amenity adds significant value to the property and sets it apart from others in the area.
- **Quality Construction:** Constructed with durable hard brick, this building exudes timeless appeal and requires minimal maintenance. Each unit boasts hardwood floors, adding a touch of elegance and warmth to the living spaces.
- **Spacious Units:** Enjoy generous living spaces ranging from 650 to 700 square feet in each one-bedroom unit, providing residents with ample room to relax and entertain.
- **Desirable Location:** Nestled in a thriving neighborhood of the Bronx, residents benefit from easy access to local amenities, including shops, restaurants, parks, and public transportation options. Experience the vibrancy and charm of Bronx living at its finest.
**Investment Potential:**
- **Stable Income Stream:** With a mix of well-appointed units and convenient parking facilities, this property offers investors a reliable source of rental income with potential for future appreciation.
- **Opportunity for Expansion:** Explore opportunities to enhance the property's value through strategic upgrades or the addition of amenities, maximizing its appeal to tenants and investors alike.
**Don't miss out on this rare chance to acquire a prime income-generating property in one of the Bronx's most desirable neighborhoods. Schedule a viewing today to secure your investment future!**
PROPERTY FACTS
| Price Per Unit | $280,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.70% | Building Size | 14,400 SF |
| Sale Condition | Build to Suit | Average Occupancy | 90% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 0.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4A | ||
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Sale Condition | Build to Suit |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | R4A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $2,000 | 650 - 700 |
PROPERTY TAXES
| Parcel Number | 04305-0004 | Improvements Assessment | $449,550 |
| Land Assessment | $54,000 | Total Assessment | $503,550 |
PROPERTY TAXES
Parcel Number
04305-0004
Land Assessment
$54,000
Improvements Assessment
$449,550
Total Assessment
$503,550
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