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2543-2545 Bronxwood Ave & 3144 Hull Ave 2 Multifamily Properties Offered at $5,000,000 in Bronx, NY
INVESTMENT HIGHLIGHTS
- Tenant Pays: All Utilities, Cooking Gas, Electricity, Heat, Water
- Natural Gas, Baseboard, Central Air, Hardwood Floors
- Possible for Buyer to undergo the process of destablzing the units after 421a exemption expires
EXECUTIVE SUMMARY
This portfolio comprises three 4-story buildings with 8 units in each building, totaling 24 Residential Units, and is fully occupied. 3144 Hull Ave, 8 units, includes (1) oversized studio unit, and (7) 1-bedroom units, while 2543-2545 Bronxwood Ave consists of 16 units. This includes (1) studio unit, (8) 1-bedroom units, and (7) 2-bedroom units. The properties are located in the Norwood and Allerton Sections of the Bronx. Hull Avenue currently has a 421a tax abatement, which expires in 2028. Hull Avenue can be sold separately.
SELLER'S FINANCING AVAILABLE
SELLER'S FINANCING AVAILABLE
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $5,000,000 | Status | Active |
| Price / SF | $245.03 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 1 |
| Cap Rate | 6.78% | Total Building Size | 20,406 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Price | $5,000,000 |
| Price / SF | $245.03 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 20,406 SF |
| Total Land Area | 0.11 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2543-2545 Bronxwood Ave, Bronx, NY 10469 | Multifamily | 14,626 SF | 2008 | - |
| 3144 Hull Ave, Bronx, NY 10467 | Multifamily | 5,780 SF | 2010 | $1,800,000 |
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2543-2545 Bronxwood Ave & 3144 Hull Ave
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