See Home Value
$2,150,000
Commercial - Off Market

611 E 179th Street

Bronx, NY 10457
bedrooms
Studio
bathrooms
0 Bath
$11,389
Estimated Monthly
$0
HOA / Fees
0.56%
Cap Rate

About This Property

Calling All Investors, Developers & End-Users!!!  10.58 Cap 100% Occupied 9 Unit Building On A Huge Lot For Sale!!! The Building Features Great Exposure, Excellent Signage, 6 Parking Spaces, High Ceilings, 4 Stories, Separate Free Standing 2 Br. House, Security Cameras & System, New Roof, New Electric Service & Meters, New 2,000 Gallon Oil Tank, Skylight, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart The Bronx Minutes From I-95!!! Neighbors Include The Bronx Zoo, Chase Bank, Acura, Dunkin, 7-Eleven, Extra Space Storage, BP Gas, Sunoco, Shell, McDonald's, Blink Fitness, White Castle, Family Dollar, KFC, +++!!! This Would Be A Nice Addition To Your Investment Portfolio!!!    Income:   Apt. 1 (3 Br.): $26,220 Ann.    Apt. 2 (3 Br.):  $26,220 Ann.    Apt. 3 ( 3 Br.): $20,700 Ann.   Apt. 4 (4 Br.): $26,220 Ann.   Apt. 5 (3 Br.): $24,228 Ann.    Apt. 6 (4 Br.): $15,180 Ann.    Apt. 7 (3 Br.): $24,252 Ann.   Apt. 8 (4 Br.): $30,756 Ann.    Apt. 9 (Rear Free Standing 2 Br. House): $25,992 Ann.   Finished Basement (2,000 Sqft.): $42,000 Ann. (Available)   Gross Income: $261,768 Ann.    Expenses:   Oil: $7,800 Ann.   Electric (Common Areas Only): $1,200 Ann.    Maintenance & Repairs: $250 Ann.   Water & Sewer: $9,280 Ann.   Insurance: $5,800 Ann.    Taxes: $9,974.92 Ann.   Total Expenses: $34,304.92 Ann.   Net Operating Income (NOI): $227,463.08 Ann.  (Proforma 10.58 Cap!!!)
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$831
HOA Dues
-
Year Built
1910
Last updated: 3 months ago (OneKey MLS #ONE3460200)

Price History

Date / Event Date Event Price
Feb 23, 2024 No longer available -
No longer available
Jan 9, 2024 Price Decreased $2,150,000
↓ $100K (4.4%)
Price Decreased
Aug 1, 2023 Price Decreased $2,250,000
↓ $149K (6.2%)
Price Decreased
Mar 15, 2023 Price Decreased $2,399,000
↓ $101K (4%)
Price Decreased
Feb 22, 2023 Listed by All Island Estates Realty Corp $2,500,000
Listed by All Island Estates Realty Corp

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Building Count: 2
  • Floor Count: 4
  • Total Unit Count: 8
  • Residential Unit Count: 8
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 3,650
  • Lot Size Depth Feet: 85
  • Lot Size Frontage Feet: 33
  • Building Depth: 65
  • Building Frontage: 33
  • Gross Building Area: 8,580

    Building Floor Area

  • Residential Building Floor Area: 8,580

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 3
  • Facilities Floor Area Ratio: 5

Building

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

Neighborhood

  • Community District: 206
  • City Council District: 15
  • Police Precinct: 48
  • Fire Company: L038
  • Health Area: 1900
  • Sanitation District Borough: 2
  • Sanitation Subsection: 2A
  • School District: 10

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R7-1

Geography

  • Borough Name: BX
  • Borough Code: 2
  • Block: 3069
  • Lot: 104
  • Borough Block Lot: 2030690104

    Address

  • Full Address: 611 East 179 Street
  • Zip Code: 10457

Valuation

    Assessments Valuation

  • Assessed Total Value: $559,800
  • Assessed Land Value: $8,550

    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
Commercial
Loft
-
-
$2,000,000 Oct 11, 2022
$2,000,000 Jan 9, 2023
$4,180/mo
Multifamily
Stu
-
-
$2,270,000 Feb 25, 2022
$2,270,000 May 18, 2022
$300/mo
Unknown
Stu
-
-
$2,300,000 Jan 27, 2018
$2,300,000 Apr 26, 2013
-
Multifamily
24 Beds
8 Baths
-
$1,850,000 Jan 27, 2021
$1,850,000 Mar 21, 2022
$958/mo
Multifamily
11 Beds
8 Baths
-
$1,950,000 Jul 2, 2019
$1,950,000 Apr 17, 2020
$438/mo
Land
Loft
-
-
$1,995,000 Oct 28, 2022
-
$775/mo
Multifamily
Stu
-
-
$2,750,000 Nov 3, 2022
-
$2,605/mo
Multifamily
7 Beds
2 Baths
-
$2,199,999 Feb 21, 2023
-
$172/mo
Condo
6 Beds
4 Baths
-
$2,750,000 Mar 7, 2023
-
$4,301/mo

About West Bronx


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Frequently Asked Questions

When was property at 611 East 179th Street built and last sold?
The property at 611 East 179th Street was built in 1910 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 611 East 179th Street is $2,272,500.
What are some comparable homes to 611 East 179th Street?
Homes that are comparable to 611 East 179th Street include a condo property at 565 East 184th Street, a multifamily property at 1746 Anthony Avenue, a commercial property at 2302 Beaumont Avenue.

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