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261 Alexander Ave
Bronx, NY 10454
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 261 Alexander Avenue comprises 1 two-bedroom apartment and 9 three-bedroom apartments. The property is a 5-story building and is not subject to LL11.
- Under Section-8 rental guidelines, a Pro-Forma cap Rate equates to approximately 14.5%
- Asking 9.0% Cap Rate or 7.2x GRM.
- 261 Alexander Avenue is a tax class 2B asset, with tax liability capped at 8% per year or 30% over 5 years.
Property Facts
| No. Units | 10 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 9,105 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1905 |
| Zoning | R6, Brooklyn - R6 - Medium density residential district | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,105 SF |
| Average Occupancy | 97% |
| No. Stories | 5 |
| Year Built | 1905 |
| Zoning | R6, Brooklyn - R6 - Medium density residential district |
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 |
|---|---|---|---|
| 3+1 | 10 | - | - |
Property Taxes
| Parcel Number | 02314-0029 | Improvements Assessment | $247,347 |
| Land Assessment | $2,687 | Total Assessment | $250,034 |
Property Taxes
Parcel Number
02314-0029
Land Assessment
$2,687
Improvements Assessment
$247,347
Total Assessment
$250,034
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