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3144 Hull Ave 8 Unit Apartment Building $1,800,000 ($225,000/Unit) 7.90% Cap Rate Bronx, NY 10467
INVESTMENT HIGHLIGHTS
- · Possible for Buyer to undergo the process of destablzing the units after 421a exemption expires
- ? Natural Gas, Baseboard, Central Air, Hardwood Floors
- ? Tenant Pays: All Utilities, Cooking Gas, Electricity, Heat, Water
EXECUTIVE SUMMARY
A (4) story walk-up apartment building consisted of 8 apartments, (1) oversized studio unit, and (7) 1-bedroom units. The property is located in the Norwood Section of the Bronx. Hull Avenue currently has a 421a tax abatement, which expires in 2028.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.90% | Building Size | 5,780 SF |
| Gross Rent Multiplier | 10.23 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2010 |
| Property Subtype | Apartment | ||
| Zoning | R7-1 - R7 districts are medium-density apartment house districts. | ||
| Price | $1,800,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Gross Rent Multiplier | 10.23 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,780 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2010 |
| Zoning | R7-1 - R7 districts are medium-density apartment house districts. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Granite Countertops
- Hardwood Floors
- Wi-Fi
- Double Pane Windows
- Handrails
- Intercom
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Smoke Free
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 03349-0014 | Total Assessment | $373,950 |
| Land Assessment | $67,951 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $305,999 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
03349-0014
Land Assessment
$67,951
Improvements Assessment
$305,999
Total Assessment
$373,950
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3144 Hull Ave
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