Salaam, I am helping a family member sell their residential apartment building in the Bronx. This is an amazing investment property! Similar properties in the area that are smaller go for $1.2m. I'm pricing this at $990k. Details on the building: 687 East 234th Street, Bronx, NY 10466 - This apartment building is special because it has 7 units, including a legal basement (basement is a 2 bedroom and is vacant!) - 4 Car Garage (10 total parking spaces) Video link: https://www.dropbox.com/s/zwsizc92zk60x5p/Listing%20-%20687%20East%20234th%20St.mp4?dl=0 - Rent roll: https://www.dropbox.com/s/tlygr0moe6r3gw5/NOI%20%284-1br%2C%202-2br%29.png?dl=0 - Cap rate is 6% - Building is rent stabilized - We have copies of DHCR reports - Will not be delivered vacant, only the 2 bedroom basement is vacant Starting offers at $990k. Will only respond to offers with proof of funds. Submit offers to hmphotoshoots@gmail.com. (*Agents who have buyers ready to submit offers can reach out as well. I do not respond to spam calls, so leave me a message that you are interested in making an offer on the property. Thank you*) Cash buyers with proof of funds or only those prequalified with their banks will I respond to (since this unit is more than 4 units, it's considered an investment property for the banks, so you must have at least 25% down payment for them, just an FYI). For more information you can reach out to me at anytime at 718-690-6155. My name is Hassan, I'd be happy to connect. To send formal offers, please email hmphotoshoots@gmail.com. Thank you. —————— DETAILS: 687 East 234th Street Bronx, NY 10466 block #4995 lot #5 1930 built 3804 sq ft lot 3552 sq ft 4 garages building type - 5plex. 7 total units (3 stories). taxes - $20,000 as of 2021
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
