Renovated 4 family in the Bronx, NY

[Gal Alberman]

Renovated four family in Soundview neighborhood in the Bronx.

Brick building with total 3,200 sqft, semi-detached with a shared driveway.

comes fully renovated and vacant, except for 1 occupied unit. 

New gas boiler

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Monthly Income:

• Unit 1R: Occupied 1BR. Tenant pays $1,650.
• Unit 2R: Vacant 1 BR. average rent $1,600-$1,700. city programs pay up to $1,636. 
• Unit 1F: Vacant 2BR. average rent $1,700-$1,900. city programs pay up to $1,878.
• Unit 2F: Vacant 3BR. average rent $2,200-$2,400. city programs pay up to $2,394.

Link to city payments: 

1. https://www1.nyc.gov/site/nycha/section-8/voucher-...

2. https://www1.nyc.gov/assets/nycha/downloads/pdf/Se...

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Yearly Expenses:

• Tax - $9,306
• Insurance - $1,856
• Water & Sewer - $1,235
• Common Electric: $562
• Heating - New gas boiler installed Jan 2018. bill for Jan 18 - May 18 - $844 (total 4 months of winter)
• Super - $2,400 - does garbage and recycling, snow removal, cleaning of hallways once a month.