1350 Prospect Ave, Bronx, NY 10459

INVESTMENT HIGHLIGHTS Three (3) Bedrooms, (1) Bathroom apartments in good condition..Property is 5525sf under FAR..Located in the Morrisana area in the Bronx..Situated near stores and restaurants..Close to public transportation..The building is located in close proximity to local Elementary, Intermediate, and High Schools INVESTMENT OVERVIEW The subject property 1350 Prospect Avenue, Bronx, NY, (Block & Lot #02970-0017) is a three story building with a basement. Lot dimensions are 25 ft x 100 ft and the building dimensions are 20 ft x 50 ft. Building is situated on a 2500sf. lot The property is configured with three, 1029sf (3) bedroom, (1) bathroom apartments. The property is in good condition because of daily maintenance and periodic renovations. The building is presently fully occupied and rent is paid through HPD. Annual Expenses Electricity - $320 Heat - $7219 Water & Sewer - $3000 Taxes - $2300 Maintenance - $1200 Property Insurance - $2,061 Total..$16,100 Existing Investment Figures Annual Revenue - $54,517 Annual Expenses - $16,100 Net Operating Income - $44,884 CAp Rate - 7.2% Pro Forma Investment Figures Annual Revenue..$60,984 Annual Expenses..$16,100 Net Operating Income..$44,883 CAP Rate..8.4%