OPEN HOUSE BY APPT ONLY 3-4PM SUNDAY OCTOBER 28TH. Call or email listing agent to register. Great investment opportunity. 22' wide legal 2-family on 25 x 100 lot in the desirable Melrose neighborhood of the Bronx. 3-bedroom over a 2-bedroom plus partially finished basement with 8 foot ceilings. 5-minute walk to the 2 & 5 trains at 149th street, 33 min total travel time to Union Square. Super low taxes - $1460 annually. The building has been well kept but will need renovation to realize it's true potential. The building will be sold with existing tenants in place for both units. The total rent roll is $2,950/month with leases for both units expiring September 2019. First floor is paying $1500/month, 2nd floor is paying $1,450/month. Projected fair market rent is $4,000 per month. Building dimensions: 22 ft x 40 ft Stories: 2 R6 zoning Lot size: 25 × 100 Building class: Two Family Frame (B2) Residential FAR: 2.43 Facility FAR: 4.8 FAR as built: 0.83 Allowed usable floor area: 6,075 Usable floor area as built: 2,075 Unused FAR: 4,000 Annual Taxes: $1,460 Heat: Oil/radiator heat Buyer's agents are welcome, we co-broke.
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