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170 Soundview Ave 6 Unit Apartment Building $1,195,000 ($199,167/Unit) 8.41% Cap Rate Bronx, NY 10473
INVESTMENT HIGHLIGHTS
- Large Brick Corner 6-Unit
- Minutes from Ferry to Upper East Side
- Large parking yard/Garage
EXECUTIVE SUMMARY
Soundview Six-Family Corner Brick. Building is a fully renovated rent-stabilized building in the Clason Point section of Soundview Bronx. Building was totally renovated in 2018. Each unit has a boiler, and a hot water tank connected to separate gas and electric meters and pay own utility. One vacant unit will (1R) will not be rented in the event property is sold to an owner user. Long term lease to Dish Network at $2000.00 per month. There is a large drive/way/side yard and a garage that is currently not rented and will be at discretion of new owner to rent or use. Proforma Rent of $151K. NOI of $100K. Located in the Soundview Section of The Bronx. Clason Point is a residential neighborhood. Property is minutes from Subway Transportation and Bus lines along Soundview Avenue. 5 Minute Walk to the Clason Point Ferry with 18 Minute commute to Upper East Side. Near retail and shopping. Financials in OM.
PROPERTY FACTS
| Price | $1,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 8.41% | Building Size | 4,728 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R3-2, Bronx | ||
| Price | $1,195,000 |
| Price Per Unit | $199,167 |
| Sale Type | Investment |
| Cap Rate | 8.41% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,728 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R3-2, Bronx |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 03445-0035 | Improvements Assessment | $62,172 |
| Land Assessment | $88,735 | Total Assessment | $150,907 |
PROPERTY TAXES
Parcel Number
03445-0035
Land Assessment
$88,735
Improvements Assessment
$62,172
Total Assessment
$150,907
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170 Soundview Ave
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