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1774 Popham Ave 5 Unit Apartment Building $1,800,000 ($360,000/Unit) 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 Under Contract
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $360,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 13.25% | Building Size | 4,805 SF |
| Sale Condition | Business Value Included | No. Stories | 3 |
| No. Units | 5 | Year Built | 1930 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| 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 |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,805 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
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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Presented by
Legacy Estate Realty
1774 Popham Ave
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