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Map
$2,150,000
●
Commercial -
Off Market
611 E 179th Street
Bronx, NY 10457
Studio
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
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Commercial
Loft
-
-
$2,000,000
Oct 11, 2022
$2,000,000
Jan 9, 2023
$4,180/mo
Sold
Multifamily
Stu
-
-
$2,270,000
Feb 25, 2022
$2,270,000
May 18, 2022
$300/mo
Sold
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