2276-2278 Arthur Avenue
About This Property
Possibility to build 36 to 40 units.CASH ONLY.Properties to be removed by the purchaser.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2023 | Sold | ||
| Sold | |||
| Feb 7, 2023 | In contract | - | |
| In contract | |||
| Oct 28, 2022 | Listed by Elite Real Estate Group 1 LLC | $1,995,000 | |
| Listed by Elite Real Estate Group 1 LLC | |||
| Aug 18, 2020 | No longer available | - | |
| No longer available | |||
| Apr 11, 2020 | Listed by RE/MAX In The City | $1,850,000 | |
| Listed by RE/MAX In The City | |||
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SOLD AS A DEVELOPMENT SITE. (PACKAGE DEAL 2276-2278 ARTHUR AVE) prime location ARTHUR AVE, across from St. Barnabas Hospital. Short walk to Fordham University, Bronx Zoo, Botanical Garden. Conveniently located near Bronx River Parkway and Cross Bronx Expressway. Great location- COMBINE LOT AREA 7,230 Sq F 2276 ARTHUR AVE (R7 11,768 buildable) 3,421 Sq Ft (28.67 Ft 119.33 Ft ) 2278 ARTHUR AVE (R7 13,102 sqft buildable) 3,809 Sq Ft (27.58 Ft 138.08 Ft ) Grand total buildable square feet (24,870)
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About West Bronx
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017