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1039 and 1041 Elder Ave Bronx 2 Multifamily Properties Offered at $2,600,000 in Bronx, NY
Investment Highlights
- FREE MARKET
- R6 ZONING
- FULLY BRICK
- 5 FAMILY IS 3 FLOORS
Executive Summary
This portfolio of a 4 and 5 family brick property side by side gross a free market income of over $370,000! with a net income over $300,000
the properties are occupied by program tenants with 100% collections
CURRENT CAP : 11.80%
projected income is 13% CAP
AVG RENT: $3,438
$288,888 PER UNIT
$338 PER FOOT (7,795 SQUARE FEET)
$96,000 PER BEDROOM
CALL FOR A FULL BREAKDOWN
the properties are occupied by program tenants with 100% collections
CURRENT CAP : 11.80%
projected income is 13% CAP
AVG RENT: $3,438
$288,888 PER UNIT
$338 PER FOOT (7,795 SQUARE FEET)
$96,000 PER BEDROOM
CALL FOR A FULL BREAKDOWN
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$371,364
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$371,364
|
| Taxes |
$23,338
|
| Operating Expenses |
$38,890
|
| Total Expenses |
$62,228
|
| Net Operating Income |
$309,136
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $371,364 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $371,364 |
| Taxes | |
|---|---|
| Annual | $23,338 |
| Operating Expenses | |
|---|---|
| Annual | $38,890 |
| Total Expenses | |
|---|---|
| Annual | $62,228 |
| Net Operating Income | |
|---|---|
| Annual | $309,136 |
Property Facts
| Price | $2,600,000 | Status | Under Contract |
| Price / SF | $401.23 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 11.81% | Total Building Size | 6,480 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Price | $2,600,000 |
| Price / SF | $401.23 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 11.81% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,480 SF |
| Total Land Area | 0.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1039 Elder Ave, Bronx, NY 10472 | Multifamily | 3,240 SF | 1928 | - |
| 1041 Elder Ave, Bronx, NY 10472 | Multifamily | 3,240 SF | 1928 | - |
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1039 and 1041 Elder Ave Bronx
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