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611 E 179th St 9 Unit Apartment Building $2,150,000 ($238,889/Unit) 10.58% Cap Rate Bronx, NY 10457
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 10.58 Cap 100% Occupied 9 Unit Building On A Huge Lot For Sale!!!
- The Building Also Features Security Cameras & System, New Roof, New Electric Service & Meters, New 2,000 Gallon Oil Tank, Skylight, CAC, +++!!!
- Neighbors Include The Bronx Zoo, Chase Bank, Acura, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald’s, Blink Fitness, +++!!!
- The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High Ceilings, 4 Stories, Separate Free Standing 2 Br. House, +++
- The Property Is Located In The Heart The Bronx Minutes From I-95!!!
- This Would Be A Nice Addition To Your Investment Portfolio!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 10.11 Cap 100% Occupied 9 Unit Building On A Huge Lot For Sale!!! The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High Ceilings, 4 Stories, Separate Free Standing 2 Br. House, Security Cameras & System, New Roof, New Electric Service & Meters, New 2,000 Gallon Oil Tank, Skylight, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart The Bronx Minutes From I-95!!! Neighbors Include The Bronx Zoo, Chase Bank, Acura, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald’s, Blink Fitness, White Castle, Family Dollar, KFC, +++!!! This Would Be A Nice Addition To Your Investment Portfolio!!!
Income:
Apt. 1 (3 Br.): $26,220 Ann.
Apt. 2 (3 Br.): $26,220 Ann.
Apt. 3 ( 3 Br.): $20,700 Ann.
Apt. 4 (4 Br.): $26,220 Ann.
Apt. 5 (3 Br.): $24,228 Ann.
Apt. 6 (4 Br.): $15,180 Ann.
Apt. 7 (3 Br.): $24,252 Ann.
Apt. 8 (4 Br.): $30,756 Ann.
Apt. 9 (Rear Free Standing 2 Br. House): $25,992 Ann.
Finished Basement (2,000 Sqft.): $42,000 Ann. (Available)
Gross Income: $261,768 Ann.
Expenses:
Oil: $7,800 Ann.
Electric (Common Areas Only): $1,200 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $9,280 Ann.
Insurance: $5,800 Ann.
Taxes: $9,974.92 Ann.
Total Expenses: $34,304.92 Ann.
Net Operating Income (NOI): $227,463.08 Ann. (Proforma 10.11 Cap!!!)
Income:
Apt. 1 (3 Br.): $26,220 Ann.
Apt. 2 (3 Br.): $26,220 Ann.
Apt. 3 ( 3 Br.): $20,700 Ann.
Apt. 4 (4 Br.): $26,220 Ann.
Apt. 5 (3 Br.): $24,228 Ann.
Apt. 6 (4 Br.): $15,180 Ann.
Apt. 7 (3 Br.): $24,252 Ann.
Apt. 8 (4 Br.): $30,756 Ann.
Apt. 9 (Rear Free Standing 2 Br. House): $25,992 Ann.
Finished Basement (2,000 Sqft.): $42,000 Ann. (Available)
Gross Income: $261,768 Ann.
Expenses:
Oil: $7,800 Ann.
Electric (Common Areas Only): $1,200 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $9,280 Ann.
Insurance: $5,800 Ann.
Taxes: $9,974.92 Ann.
Total Expenses: $34,304.92 Ann.
Net Operating Income (NOI): $227,463.08 Ann. (Proforma 10.11 Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$261,768
|
$28.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$261,768
|
$28.83
|
| Taxes |
$9,975
|
$1.10
|
| Operating Expenses |
$24,330
|
$2.68
|
| Total Expenses |
$34,305
|
$3.78
|
| Net Operating Income |
$227,463
|
$25.05
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $261,768 |
| Annual Per SF | $28.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $261,768 |
| Annual Per SF | $28.83 |
| Taxes | |
|---|---|
| Annual | $9,975 |
| Annual Per SF | $1.10 |
| Operating Expenses | |
|---|---|
| Annual | $24,330 |
| Annual Per SF | $2.68 |
| Total Expenses | |
|---|---|
| Annual | $34,305 |
| Annual Per SF | $3.78 |
| Net Operating Income | |
|---|---|
| Annual | $227,463 |
| Annual Per SF | $25.05 |
PROPERTY FACTS
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $238,889 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 9,080 SF |
| Cap Rate | 10.58% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.66/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1 | ||
| Price | $2,150,000 |
| Price Per Unit | $238,889 |
| Sale Type | Investment |
| Cap Rate | 10.58% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,080 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2022 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | R7-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Security System
- Kitchen
- Refrigerator
- Range
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 03069-0104 | Total Assessment | $97,885 |
| Land Assessment | $1,308 | Annual Taxes | $9,975 ($1.10/SF) |
| Improvements Assessment | $96,577 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
03069-0104
Land Assessment
$1,308
Improvements Assessment
$96,577
Total Assessment
$97,885
Annual Taxes
$9,975 ($1.10/SF)
Tax Year
2025
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611 E 179th St
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