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
306 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

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1050 Lowell Street 1050 Lowell Street, Bronx, NY 10459
  • 11 Units
  • 1 Unit for Sale
More about this Building
1050 Lowell Street
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About West Bronx


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