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24 Unit Investment 689-693 Beck St 24 Unit Apartment Building $2,220,000 ($92,500/Unit) 7.39% Cap Rate Bronx, NY 10455
Investment Highlights
- Prime Longwood Investment Opportunity – 2 Solid Brick buildings with 24-Unit
Executive Summary
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.
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 - 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 | $2,220,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $92,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.39% | Building Size | 14,904 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | ||
| 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 | $2,220,000 |
| Price Per Unit | $92,500 |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 14,904 SF |
| Average Occupancy | 100% |
| 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. |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $266,717 (2026) | |
| Land Assessment | $17,565 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $249,152 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$17,565 (2026)
Improvements Assessment
$249,152 (2026)
Total Assessment
$266,717 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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24 Unit Investment | 689-693 Beck St