OFF MARKET MULTI-FAMILY BRONX, NY

[Damion York]

61 unit (210 rooms) multi-family asset, 93% Occ. , 5.6% CAP, Bronx, NY, Asking Price: $9.25M

Purchase price is $9,250,000 The property address is 1694-98 Selwyn Avenue, Bronx, New York This property is one block east of grand concourse This is a five story walk up building with 61 rental apartments, one of which is for the on-site superintendent The unit mix is: 1 unit with 2 rooms, 36 units with 3 rooms, 20 units with 4 rooms and 4 units with 5 rooms, totaling 210 rooms The property has 150 linear feet of frontage The lot & block is 2824-38 Building square footage is 51,210 square feet The average rent per apartment per month is $1,168 The occupancy rate is 93% Gross rental income is $854,899 Annual expenses are $339,087 Net operating income is in excess of $515,000 The cap rate is approximately 5.6%More information will be disclosed after signed NDA.