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FREE MARKET: TAX CLASS 2B: HIGH CAP RATE 617 Courtlandt Ave 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 11.30% Cap Rate Bronx, NY 10451
INVESTMENT HIGHLIGHTS
- FREE MARKET
- LOW TAXES: TAX CLASS 2B
- MIXED-USE
- FULLY BRICK
EXECUTIVE SUMMARY
KEY FEATURES:
- 11% Cap Rate: Exceptional return on investment
- Low Tax Bill: Minimize your expenses and maximize your profits
- Fully Brick Building: Durable and low maintenance construction
- Free Market: Unrestricted rental income potential
- Gross Income: $358,000 per annum
- Prime Location: Cortland Avenue, Bronx, NY
BROKER'S COMMENT:
"This is a rare opportunity to acquire a high-performing multifamily asset in the Bronx. With its strong cap rate, low tax bill, and impressive gross income, this property is poised to deliver exceptional returns for savvy investors. Don't miss your chance to capitalize on this outstanding investment opportunity."
Contact us to schedule a viewing and make an offer!
DISCLAIMER:
The information contained herein is deemed reliable but not guaranteed. Buyers should conduct their own due diligence and consult with appropriate professionals prior to making an offer.
- 11% Cap Rate: Exceptional return on investment
- Low Tax Bill: Minimize your expenses and maximize your profits
- Fully Brick Building: Durable and low maintenance construction
- Free Market: Unrestricted rental income potential
- Gross Income: $358,000 per annum
- Prime Location: Cortland Avenue, Bronx, NY
BROKER'S COMMENT:
"This is a rare opportunity to acquire a high-performing multifamily asset in the Bronx. With its strong cap rate, low tax bill, and impressive gross income, this property is poised to deliver exceptional returns for savvy investors. Don't miss your chance to capitalize on this outstanding investment opportunity."
Contact us to schedule a viewing and make an offer!
DISCLAIMER:
The information contained herein is deemed reliable but not guaranteed. Buyers should conduct their own due diligence and consult with appropriate professionals prior to making an offer.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$358,000
|
$42.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$358,000
|
$42.12
|
| Taxes |
$14,296
|
$1.68
|
| Operating Expenses |
$61,220
|
$7.20
|
| Total Expenses |
$75,516
|
$8.88
|
| Net Operating Income |
$282,484
|
$33.23
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $358,000 |
| Annual Per SF | $42.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $358,000 |
| Annual Per SF | $42.12 |
| Taxes | |
|---|---|
| Annual | $14,296 |
| Annual Per SF | $1.68 |
| Operating Expenses | |
|---|---|
| Annual | $61,220 |
| Annual Per SF | $7.20 |
| Total Expenses | |
|---|---|
| Annual | $75,516 |
| Annual Per SF | $8.88 |
| Net Operating Income | |
|---|---|
| Annual | $282,484 |
| Annual Per SF | $33.23 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Yard
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,538 | 600 |
| 2+1 | 6 | $3,315 | 850 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 02411-0048 | Total Assessment | $121,466 (2025) |
| Land Assessment | $2,252 (2025) | Annual Taxes | $14,296 ($1.68/SF) |
| Improvements Assessment | $119,214 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02411-0048
Land Assessment
$2,252 (2025)
Improvements Assessment
$119,214 (2025)
Total Assessment
$121,466 (2025)
Annual Taxes
$14,296 ($1.68/SF)
Tax Year
2024
CONTACTS
-
Avraham Birnbaum -
Reuben Lugassy -
Shaya Rosenberg -
Yaakov Pliner -
Twelve Stones Realty LLC
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VIDEOS
MATTERPORT 3D EXTERIOR
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PHOTOS
STREET VIEW
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FREE MARKET: TAX CLASS 2B: HIGH CAP RATE | 617 Courtlandt Ave
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