Check Availability
$2,388,000
House - For Sale

1050 Lowell Street

Bronx, NY 10459
bedrooms
Studio
bathrooms
0 Bath
$15,139
Estimated Monthly
$0
HOA / Fees
-0.37%
Cap Rate

About This Property

Calling All Investors, Developers & End-Users!!! 10.03 Cap 11 Unit Apartment Building In The Bronx For Sale!!! The Building Features Great Exposure, Excellent Signage, Strong M1-1 Zoning, 6 Parking Spaces, High 8' Ceilings, 5 Stories, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of The Bronx Just 2 Blocks From I-278 Off Sheridan Blvd.!!! Neighbors Include The Bronx Stop & Shop, ShopRite, Optimum, Macy's, AutoZone, Burlington, Planet Fitness, Marshall's, McDonald's, CVS, Walgreens, IHOP, Family Dollar, Popeye's, Aldi, +++!!! This Could Be Your Next Development Site Or A Nice Addition To Your Investment Portfolio!!!     Income:    Apt. A (3 Br. 1 Bath): $38,400 Ann. (Available)     Apt. B (3 Br. 1 Bath):  $26,604 Ann.     Apt. 1A (3 Br. 1 Bath): $28,800 Ann. (Available)     Apt. 1B (3 Br. 1 Bath): $28,800 Ann.    Apt. 2A (3 Br. 1 Bath): $38,400 Ann. (Available)     Apt. 2B (3 Br. 1 Bath): $38,400 Ann.     Apt. 3A (3 Br. 1 Bath): $24,648 Ann.    Apt. 3B (3 Br. 1 Bath): $24,564 Ann.     Apt. 4A (3 Br. 1 Bath): $25,932 Ann.    Apt. 4B (3 Br. 1 Bath): $30,007 Ann.    Apt. 11 (3Br. 1 Bath): $38,400 Ann. (Available)   Gross Income: $342,955 Ann.     Expenses:  Heat: $20,000 Ann. Electric (Common Areas Only): $2,400 Ann.  Maintenance & Repairs: $10,000  Ann. Water & Sewer: $20,000 Ann. Insurance: $10,000 Ann.  Taxes: $40,960 Ann.  Total Expenses: $103,360 Ann.   Net Operating Income (NOI): $239,595 Ann (Pro Forma 10.03 Cap!!!)
Unit Size
-
Days on Market
300 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$3,413
HOA Dues
-
Year Built
1911
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 5 months ago (OneKey MLS #ONE3489374)

Price History

Date / Event Date Event Price
Jul 5, 2023 Listed by All Island Estates Realty Corp $2,388,000
Listed by All Island Estates Realty Corp
Mar 10, 2011 Sold to 209 M Corp $825,000
Sold to 209 M Corp

Property Highlights

Exterior Details

Property Information

Square Footage : 10950
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1911

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.09
Lot Size Square Feet: 3900
Lot Size Dimensions: 39x100
Financial Details
Tax Annual Amount: $40,960

Building Info

Overview

    General

  • Year Built: 1911
  • First Altered Year: 2014
  • Building Count: 1
  • Floor Count: 5
  • Total Unit Count: 11
  • Residential Unit Count: 11
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 3,900
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 39
  • Building Depth: 68
  • Building Frontage: 39
  • Gross Building Area: 10,950

    Building Floor Area

  • Residential Building Floor Area: 10,950

    Floor Area Ratio

  • Built Floor Area Ratio: 3
  • Commercial Floor Area Ratio: 1
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: C1
  • Lot Type: 5
  • Land Use: 02
  • Irregular Lot Code: N
  • Extension Code: N

Neighborhood

  • Community District: 202
  • City Council District: 17
  • Police Precinct: 41
  • Fire Company: E094
  • Health Area: 2900
  • Sanitation District Borough: 2
  • Sanitation Subsection: 1B
  • School District: 08

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: M1-1

Geography

  • Borough Name: BX
  • Borough Code: 2
  • Block: 2757
  • Lot: 42
  • Borough Block Lot: 2027570042

    Address

  • Full Address: 1050 Lowell Street
  • Zip Code: 10459

Valuation

    Assessments Valuation

  • Assessed Total Value: $364,950
  • Assessed Land Value: $44,100

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Bronx


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Frequently Asked Questions

When was property at 1050 Lowell Street built and last sold?
The property at 1050 Lowell Street was built in 1911 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1050 Lowell Street is $2,411,880.
What are some comparable homes to 1050 Lowell Street?
There are currently no comparable homes to 1050 Lowell Street.

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