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689-693 Beck St 16 Unit Apartment Building $2,290,000 ($143,125/Unit) 5.73% Cap Rate Bronx, NY 10455
INVESTMENT HIGHLIGHTS
- Prime Longwood Investment Opportunity – 2 Solid Brick buildings with 24-Unit
EXECUTIVE SUMMARY
Prime Longwood Investment Opportunity – Solid Brick 24-Unit Property
Introducing a rare offering in the highly desirable Longwood neighborhood of the Bronx: a well-maintained, solid brick 24-unit multifamily property consisting of two attached buildings in excellent condition. With strong curb appeal, a diverse unit mix, and consistently high rental demand, this asset is an outstanding addition to any investor’s portfolio.
Building Breakdown
689 Beck street
13 Studio Apartments
3 One-Bedroom Apartments
693 Beck street
5 Three-Bedroom Apartments
3 Four-Bedroom Apartments
Both buildings operate on a single, efficient boiler system, minimizing maintenance costs and simplifying management.
Location Highlights
Located in one of the Bronx’s most sought-after sections, the property offers:
Immediate access to public transportation
Close proximity to shopping, schools, parks, and daily conveniences
Strong neighborhood demand that supports stable, long-term tenancy
Investment Summary
With durable brick construction, excellent building condition, this property represents a turnkey, income-producing opportunity in a thriving rental market.
Introducing a rare offering in the highly desirable Longwood neighborhood of the Bronx: a well-maintained, solid brick 24-unit multifamily property consisting of two attached buildings in excellent condition. With strong curb appeal, a diverse unit mix, and consistently high rental demand, this asset is an outstanding addition to any investor’s portfolio.
Building Breakdown
689 Beck street
13 Studio Apartments
3 One-Bedroom Apartments
693 Beck street
5 Three-Bedroom Apartments
3 Four-Bedroom Apartments
Both buildings operate on a single, efficient boiler system, minimizing maintenance costs and simplifying management.
Location Highlights
Located in one of the Bronx’s most sought-after sections, the property offers:
Immediate access to public transportation
Close proximity to shopping, schools, parks, and daily conveniences
Strong neighborhood demand that supports stable, long-term tenancy
Investment Summary
With durable brick construction, excellent building condition, this property represents a turnkey, income-producing opportunity in a thriving rental market.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,290,000 | Property Subtype | Apartment |
| Price Per Unit | $143,125 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.73% | Lot Size | 0.20 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 14,904 SF |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1909 |
| Zoning | R7-1 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements. | ||
| Price | $2,290,000 |
| Price Per Unit | $143,125 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 14,904 SF |
| No. Stories | 4 |
| Year Built | 1909 |
| Zoning | R7-1 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-1 has more parking requirements. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $254,548 (2025) | |
| Land Assessment | $17,839 (2025) | Total Assessment | $272,387 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$17,839 (2025)
Improvements Assessment
$254,548 (2025)
Total Assessment
$272,387 (2025)
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689-693 Beck St
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