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1774 Popham Ave 5 Unit Apartment Building Offered at $1,800,000 at a 13.25% Cap Rate Bronx, NY 10453
EXECUTIVE SUMMARY
Corner brick property with 3 car garage and private driveway. Rent roll of $22,000.00/month, with tenant paying all utilities (water, gas, electric, insurance, maintainence, etc.) Owner is only responsible for real estate taxes ($25,540/year). Don't miss your chance at $238,460/year net income as an absentee landlord.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$240,000
|
$49.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$240,000
|
$49.95
|
| Taxes |
$24,774
|
$5.16
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,774
|
$5.16
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $240,000 |
| Annual Per SF | $49.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $240,000 |
| Annual Per SF | $49.95 |
| Taxes | |
|---|---|
| Annual | $24,774 |
| Annual Per SF | $5.16 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $24,774 |
| Annual Per SF | $5.16 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,800,000 | Property Type | Multifamily |
| Price Per Unit | $360,000 | Building Size | 4,805 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 13.25% | Year Built | 1930 |
| Sale Condition | Business Value Included | Opportunity Zone |
Yes
|
| No. Units | 5 | ||
| Zoning | R5 | ||
| Price | $1,800,000 |
| Price Per Unit | $360,000 |
| Sale Type | Investment |
| Cap Rate | 13.25% |
| Sale Condition | Business Value Included |
| No. Units | 5 |
| Property Type | Multifamily |
| Building Size | 4,805 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | R5 |
1 1
Walk Score®
Very Walkable (83)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 02877-0451 | Total Assessment | $204,324 (2025) |
| Land Assessment | $1,738 (2025) | Annual Taxes | $24,774 ($5.16/SF) |
| Improvements Assessment | $202,586 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02877-0451
Land Assessment
$1,738 (2025)
Improvements Assessment
$202,586 (2025)
Total Assessment
$204,324 (2025)
Annual Taxes
$24,774 ($5.16/SF)
Tax Year
2024
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Legacy Estate Realty
1774 Popham Ave
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