UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 981692
Rental Info No
Year Built 1930
Annual Tax Amount $29,539
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Multi Family
Source onekey2
Property Description
3-story multifamily building in the Wakefield section of the Bronx—one of the city's strongest and most consistent rental markets.
7 total income-generating units, including:
• Five 2-bedroom apartments
• One 1-bedroom apartment
• Bonus 2-bedroom unit in the basement
Perfect for investors seeking strong cash flow, portfolio expansion, or owner-occupants looking to offset living costs with rental income.
• Gross Rental Income: $169,020 annually
• Total Expenses: $58,427.72
• Net Operating Income (NOI): $110,592.28
• Cap Rate: ~7.1%
• GRM (Gross Rent Multiplier): ~9.2
Major capital improvements completed (boiler, roof, gas lines, oil tanks).
Just 2 blocks from the Nereid Ave / White Plains Rd station (2 & 5 trains), offering a quick and convenient commute throughout NYC. Surrounded by local shops, restaurants, schools, and public transportation, making it extremely attractive to tenants.
Location
State NY
County Bronx County
Rooms
Basement Finished, Walk-Out Access
Interior
Heating Oil
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.